TUCSON, ARIZ. (July 25, 2025) — A trio of commercial real estate deals totaling over $1 million closed recently in Tucson, involving retail, multifamily, and office properties across the city were PICOR transactions.
In the largest of the three sales, Tierra Imperial LLC acquired 0.34 acres of retail-zoned land at 702 S. Stone Avenue and 709 S. 7th Avenue for $490,000. The centrally located parcels sit within Tucson’s emerging downtown-edge corridor, offering strong redevelopment potential. Kameron Norwood, Investment Sales & Leasing Specialist with Cushman & Wakefield | PICOR, represented both the buyer and seller, R + R DEVELOP LLC, in the transaction.
In a separate deal on the city’s southeast side, Wayne and Donna Swan purchased 1.64 acres of multifamily-zoned land at 3901 & 3941 S. Kolb Road for $354,000. The site is well-positioned near major transportation corridors and residential growth areas. Kameron Norwood represented the seller, Las Casitas XIVB LLC, while Zachariah Samorano of Hot Casa LLC represented the buyers.
On the office side, AZ Behavioral Health Outreach Strategies expanded its footprint with the acquisition of 1,800 square feet of office space at 2660 N. 1st Avenue for $210,750. The building provides a strategic location near the intersection of 1st Avenue and Grant Road. Jason Shaltiel, Office Specialist with Cushman & Wakefield | PICOR, represented the buyer. The seller, William C. Scott Living Trust, was represented by Jeramy Price of Volk Company.
These transactions highlight continued investment momentum in Tucson’s infill corridors and growth areas, with local buyers actively pursuing development and owner-user opportunities across asset types.
Sources: RED Comps #11971, #11957 and #12012.