The hot streak continues for Tucson’s multifamily market.
California investors bought the 93-unit INDI Tucson apartment complex, at 1920 N. First Ave., for $8 million.
Built in 1972, the property has four two-story buildings on 2.9 acres of land. Amenities include two swimming pools, spa, laundry facilities and outdoor lounge with fire pits.
Buyers were attracted to its proximity to the University of Arizona.
ABI Multifamily’s Alon Shnitzer, Rue Bax, John Kobierowski, Doug Lazovick, and Eddie Chang represented both parties in the sale.
The buyer, APT Capital Group, led by managing partners Kyle Mitchell and Gary Lipsky, is based in California. The seller is a private investment group based in California.
Low vacancy rates and high demand for rentals have kept investors active in the Tucson area this past year.
Other recent commercial transactions include:
- Glenn3 LLC and ASD LLC bought a 10,410-square-foot medical office in the Glenn Medical Center, 5150 E. Glenn St., from Sunrise Properties Leasing LLC for $3.2 million. Richard M. Kleiner, with Picor, represented the seller.
- Gateway Apartments LP purchased 2.11 acres of commercial land in Oracle Gateway Plaza, on the northeast corner of Oracle Road and Drachman Street, from Oracle Gateway LLC for $1.4 million. Ron Zimmerman, with Picor, represented the seller and Jason Hisey, with Stonecorner Real Estate and Development Inc., represented the buyer.
- EMZ Equity Group LLC bought the 24-unit North Alvernon Apartments at 2053 N. Alvernon Way, from AZDA LLC for $1.3 million. Allan Mendelsberg and Conrad Martinez, with Picor, represented both parties.
- CRE Higley Park bought a 14,986-square-foot industrial building in Butterfield Business Center, 4650 S. Butterfield Drive, from Brey Holdings for $1.2 million. Robert C. Glaser and Ron Zimmerman, with Picor, handled the transaction.
- BRInc Colonial LLC bought the 19-unit Colonial Villas Apartments, 301 E. Helen St., from Shakin Mendelsohn 2004 Trust for $1.1 million. Picor’s Allan Mendelsberg and Conrad Martinez represented both parties.
- Refrigeration Supplies Distributor bought 14,000 square feet of industrial space at 2101-2103 E. 19th St. from CC Financials LLC for $975,000. Robert C. Glaser and Max Fisher, with Picor, represented the seller. Jason Ward with Cushman & Wakefield, Irvine, represented the buyer.
- Arizona Oral and Maxillofacial Surgeons bought 0.60 acres of vacant land at 16045 S. Rancho Sahuarita Blvd. from Rancho Sahuarita XX LLC for $550,000. Aaron LaPrise and Dave Hammack, with Picor, represented the seller. Karen Farrell, with Venture West, represented the buyer.
- TMC Healthcare leased 82,058 square feet of medical office space from HSRE-MPCCA Tucson MOB II LLC, in the El Dorado Health Campus, 1398-1400 N. Wilmot Road. Richard M. Kleiner, with Picor, represented the tenant.
- Jet Sports LLC leased 6,301 square feet of industrial space at 4221 S. Santa Rita Ave. from Ronald W. Brown Trust. Paul Hooker, with Picor, represented the landlord and Chris Itule, with NAI Horizon, represented the tenant.
Former Star reporter Doug Kreutz made many videos showing off the Tucson area's lovely outdoors. Here are some that will help you soothe your soul.
63 historical photos of the University of Arizona
University of Arizona in history
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Old Main, the original building on the campus of the University of Arizona.
University of Arizona in history
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University of Arizona students on the steps of Old Main. 1896. HP-168
University of Arizona in history
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Hushed conversations and the rustling of papers were replaced by silence in the main reading room of the old University of Arizona Library at 1013 E. University Blvd. On Feb. 25, 1977, the building stood empty as its collections had been moved down the street to the new UA library. Construction on the original building was begun in 1924, and cost $475,000. Three subsequent additions to the building brought the square footage up to 97,000, but its library days were over. The Arizona State Museum moved into the space.
University of Arizona in history
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UA students, circa 1891 to 1900.
University of Arizona in history
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University of Arizona Old Main 1891. University of Arizona Library Special Collections. HP-165
University of Arizona in history
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University of Arizona students spilled out of their fraternities and dormitories for an impromptu snowball fight during the first snowfall in five years, in February 1956. From the book "Jack Sheaffer's Tucson 1945-1965."
University of Arizona in history
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The University of Arizona's second official infirmary was a low-slung red-brick building constructed in 1936 on the site of a former military barracks.
University of Arizona in history
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Soldiers training for World War I were among the first to use the University of Arizona's first official infirmary.
Courtesy of University of Arizona Special Collections
Robert F. Kennedy visit to Tucson
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Robert F. Kennedy at the University of Arizona during his campaign tour. March 29, 1968.
University of Arizona in history
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Students in 1968 exit the UA's infirmary, which underwent a "face lift" the year before that included a new emergency room and accommodations for 50 beds. The building now houses the Sonett Space Sciences Building.
University of Arizona in history
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A 1927 view of the square outside the University of Arizona Main Gate. The drug store stands on the corner of University and Park Avenue.
University of Arizona in history
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The University of Arizona cavalry.
University of Arizona in history
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Members of the athletic staff at the University of Arizona pose on Jan. 11, 1966 at the Washington meeting of the National Collegiate Athletic Association with Secretary of the Interior Stewart Udall and his brother, Rep. Morris Udall, D-Ariz. From left are: Dick Clausen, the University's athletic director; Secretary Udall; Rep. Udall; and Thomas Hall, faculty athletic representative at the Arizona University. The Udall brothers are from Tucson and graduates of the University of Arizona.
UA athletic directors
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1914-57 – Hank Leiber with James Fred "Pop" McKale in the 1930s, the University of Arizona's most-famous coach and first official athletic director. During that time he was twice the baseball coach, and served stints as basketball and football coach. He is a charter member of the Arizona Sports Hall of Fame.
University of Arizona in history
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McKale Center from the air in 1976.
University of Arizona in history
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McKale Center under construction on June 9, 1971.
University of Arizona in history
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South Hall, University of Arizona, 1901.
University of Arizona in history
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Students prepare to whitewash the "A" on Sentinel Peak, also known as "A" Mountain, Sept. 19, 1954.
University of Arizona in history
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U.S. Navy occupied Bear Down Gym during WWII. University of Arizona Library Special Collections. HP-173
University of Arizona in history
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Jubilant University of Arizona players hold their NCAA College Baseball World Series trophy over their heads in victory at Omaha, Nebraska, Saturday, June 19, 1976. Arizona defeated Eastern Michigan, 7-1, to take the 30th National NCAA crown. (AP Photo/Larry Stoddard)
University of Arizona in history
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The empty desert stretches out beyond the 40-acre University of Arizona campus in 1922. The buildings identified are (1) Engineering College, built in 1919; (2) Old Main, built in 1891; and (3) Cochise Hall, a dormitory built in 1922. Today the campus has expanded to 180 acres from Park Avenue area to Campbell Avenue. Speedway cuts diagonally across the pictures. The intersection of Speedway and Campbell is marked.
University of Arizona Homecoming
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1943: Football was suspended in 1943 and 1944 due to World War II. The Desert yearbook published pages of snapshots of former Wildcats now serving in the military. The campus became home to U.S. Navy cadet pilots, who lived in Yavapai Hall, had classroom instruction campus and flight instruction Gilpin Airfield at Kino and I-10, which is now home to Costco and Walmart.
University of Arizona in history
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The Steward Observatory, July 1920. Courtesy University of Arizona library special collections department.
University of Arizona in history
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The Steward Observatory circa 1928.
Photo courtesy of University of Arizona Special Collections
UA Rush Week in 1968
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Sorority sisters pose for a picture during Rush Week at University of Arizona in Sept. 1968.
University of Arizona in history
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The Old University of Arizona Library.
University of Arizona in history
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A 1929 view of the square outside the University of Arizona Main Gate looking towards downtown Tucson. The photo was taken from the library's upper floor.
University of Arizona in history
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Nils V. "Swede" Nelson, left, shows Art Luppino the "good sportsmanship" award he will receive at dinner given by the Gridiron Club of Boston on Jan. 8, 1955. Luppino, University of Arizona tailback and one of the highest college scorers the nation has ever produced, was voted the award by sportswriters across the nation. It was the ninth award presented by Nelson, onetime Harvard football great. (AP Photo/Peter J. Carroll)
University of Arizona in history
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The beginning of construction of McKale Center dated January 1971, courtesy of the University of Arizona Special Collections.
University of Arizona in history
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Dr. Jack C. Copeland holds a Jarvik-7 artificial heart in the operating room of the University of Arizona Medical Center in Tucson, Ariz., on June 26, 1989. (AP Photo/Steve Mecker)
University of Arizona in history
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ARCHIVE PHOTO - Aerial view University of Arizona, Bear Down building. February 14, 1929 at 11:05 am.
University of Arizona in history
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ARCHIVE PHOTO - Aerial view University of Arizona, Bear Down building and field. Taken at 9:55 am. February 14, 1929.
1997 NCAA Championship: Arizona vs. Kentucky
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UA coach Lute Olson hold the Division I NCAA Championship trophy with his team from left; Jason Lee, Miles Simon, Jason Terry, Lute, Justin Wessel, and Bennett Davison after they defeated Kentucky in the Final Four in Indianapolis.
Lute Olson
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Arizona men's basketball coach Lute Olson holds up the NCAA trophy in front of 30,000 fans inside Arizona stadium at the University of Arizona in Tucson, Ariz., Tuesday, April 1, 1997.
University of Arizona in history
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Comedian Jay Leno, right, gives University of Arizona head coach Lute Olson a can of "Lute Spray" for his snow-white hair during a taping of the "Tonight Show With Jay Leno," Wednesday, April 2, 1997, at NBC studios in Burbank, California. Olson and his team won the National Championship at the NCAA on Monday against Kentucky.
University of Arizona homecoming
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University of Arizona Homecoming
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Nothing like a little deadline pressure in 1963: Gamma Phi Beta sorority members Carole Martin, left, Jackie Ellis and Sharon Boles prepare parts of their Homecoming float for the next day's parade.
Stewart Udall
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Stewart Udall, secretary of the interior under Pres. Lyndon Johnson, speaks to students at the University of Arizona in October, 1968. Udall was a UA graduate. He was stumping for Sen. Hubert Humprhey, the Democratic nominee running for president against Republic Richard Nixon. Udall was one of history's best interior secretaries, working under presidents Kennedy and Johnson, from 1961-69. His brother Morris "Mo" Udall was the beloved U.S. congressman from Southern Arizona. He son Tom is a U.S. senator from New Mexico.
Arizona State College
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Kappa Sigma fraternity members won first place in the 1958 University of Arizona Homecoming Parade “Proposition 200” category with a funeral procession in protest of the controversial ballot initiative to change the name of Arizona State College in Tempe to Arizona State University.
Julian Bond at University of Arizona
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Civil rights leader Julian Bond ponders a questions while talking in the student union at the University of Arizona on Nov. 21, 1968. "The war in Vietnam takes black young men, in ever larger numbers, so crippled in life that they think it better than living in Harlem. With their white comrades, they burn down houses in a war 8,000 miles from home, but cannot live with whites at home."
Kennedy-Johnson presidential campaign in 1960
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Lyndon B. Johnson, at the University of Arizona, shepherded social issues through Congress as president, but the GOP took over after he left office.
Sonora Hall at University of Arizona
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Anne Waaser of Syracuse, NY. checks here snow skis, hoping for a good winter on Mt. Lemmon. Coeds Bonnie Rahod from Oak Park, Ill., Mary Ellen Frost of Munster, Ind., Anne Waaser of Syracuse, NY., and Ann Page of Las Vegas, NV., shared a dorm room at Sonora Hall at the University of Arizona in 1973.
University of Arizona Homecoming
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"Flush Marquette" float in the 1957 UA Homecoming parade in downtown Tucson.
A-7D Corsair II jet fighter crash
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Davis Monthan Air Force Base firefighters spray the area around the engine of an A-7D Corsair II jet fighter after it crashed near the University of Arizona on October 26, 1978 as it was approaching D-M. It crashed on to North Highland Avenue near East Sixth Street missing Mansfeld Junior High School, background, and the UA. A car carrying two sisters was engulfed in flames killing both women. The pilot safely ejected.
College World Series
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Arizona baseball coach Jerry Kindall, left, celebrates with Chip Hale after Arizona beat Florida State 10-2 on June 9, 1986 to win the NCAA College World Series in Omaha.
Arizona Wildcats win College World Series
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Arizona players dog pile on each other following their 4-1 victory over South Carolina in Game 2 to win the NCAA College World Series championship in Omaha, Neb., Monday, June 25, 2012.
Steve Kerr
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University of Arizona basketball coach Lute Olson with starting guard Steve Kerr in during a campus celebration of the team's 1988 NCAA Final Four appearance.
Savannah Guthrie
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Savannah Guthrie in 1992 as a University of Arizona journalism student. The photo was taken for a guest column in the Tucson Citizen.
Snowball fight
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A snowball fight on the University of Arizona Mall on March 3, 1976.
Anderson Chevron gas station
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Anderson Chevron gas station at 745 N. Park Ave. was located near the University of Arizona main gate at Third Street on June 25, 1971.
Graduation
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University of Arizona students listen to a commencement speaker during ceremonies at Arizona Stadium on June 1, 1966.
UA Stadium
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Arizona Stadium starts to take shape as 10,000 new seats are added to the west side along Vine Street as part of the University of Arizona's $1.4 million addition to structure on April 16, 1965. The completion date for the addition to the stadium was extended a month to October 2, 1965. The Wildcats were scheduled to play New Mexico after opening the season with three away games against Utah, Kansas and Wyoming.
1965 in Tucson
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Nearly 1,000 University of Arizona students rioted on May 6, 1965, after male students demanded "panties" at women's dorms. Rocks and bottles were thrown. Sixteen students were arrested.
University of Arizona pitcher Taryne Mowatt
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Pitcher Taryne Mowatt is lifted by teamates after Arizona beat Tennessee during game 3 of their championship series at the 2007 College World Series at ASA Hall of Fame Stadium in Oklahoma City.
Donald Trump in Tucson
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Donald Trump with girlfriend Marla Maples at a University of Arizona basketball game at McKale Center in Tucson on Dec. 27, 1990.
UA computing
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Bruce Crow, an engineering student from Yuma, breaks down a graph on a analog machine at the University of Arizona on March 7, 1957. Crow can turn the coordinates of the graph into numbers which can be put on a punch card and analyzed.
University of Arizona campus, 1959
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University of Arizona students walk around campus mixing occasionally with traffic in front of the Social Sciences building in 1959. Tucson Citizen file.
UA commencement
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University of Arizona graduates seek out friends and family in Arizona Stadium during commencement ceremony on May 31, 1969.
John Hancock Bowl
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University of Arizona quarterback George Malauulu scores against Baylor during the John Hancock Bowl in El Paso, Texas on Dec 31, 1992. Rick Wiley / Tucson Citizen
Famous people who visited Tucson
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Alabama Gov George Wallace addresses an audience at the University of Arizona on January 9, 1964. Months before he had already announced his intention to be the presidential nominee for the 1964 Democratic Party. A year before, Wallace famously declared during his oath of office as governor,"...segregation now, segregation tomorrow, segregation forever." Photo by Jon Kamman / Tucson Citizen
University of Arizona Homecoming
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UA cheerleaders ride in the back of a 1955 Chevy Bel Air during the 1966 UA Homecoming football game against BYU at Arizona Stadium. It started in 1914, ebbed and flowed through the years due to wars, apathy or societal forces, but it remains strong today: The University of Arizona Homecoming week. See 100 images from 100 years of UA Homecoming at tucson.com/retrotucson
