Tucson’s apartment market continues its hot streak with the recent $37.25 million sale of Mission Palms complex on the northwest side.
Art Wadlund and Clint Wadlund, of Berkadia, represented both the buyer, ROC Senior Living, and the seller, Stoneweg US LLC.
“We’ve seen strong apartment demand across the Tucson market all year,” Art Wadlund said. “Mission Palms was a great investment opportunity due to the quality of the property and the various amenities that attract a strong renter community.”
The 360-unit complex at 951 W. Orange Grove Road has both one- and two-bedroom floor plans, private patios and washer and dryer units.
Amenities include a business center, putting course, two swimming pools, a soccer field and a spa.
Other recent commercial transactions include:
- Ten Key Properties LLC bought a 1,245-square-foot office building at 4554 E. Camp Lowell Drive from Thomas R. and Patti Jo Aguilera for $255,000. Isaac Figueroa, with Picor, represented the buyer, and John Hamner, with Keller Williams Southern Arizona, represented the seller.
- John N. and Erlinda DesRochers bought a 2,128-square-foot industrial building at 2815 N. El Burrito Ave. from Glenn Properties Inc. for $225,000. Rob Glaser, with Picor, represented the buyer, and Picor’s Paul Hooker and Diane Carlson represented the seller.
- Arizona Laminate leased 15,489 square feet at 4617 S. Contractors Way from Scaramella Family Revocable Trust. Picor’s Rob Glaser and Paul Hooker represented the landlord, and Peter Canacakos, with Long Realty Co., represented the tenant.
- Discount Warehouse leased 5,435 square feet at 4505 and 4521 E. 22nd St. from RRN Inc. Brandon Rodgers, with Picor, represented the landlord, and Jeramy Price, with Volk Co., represented the tenant.
- US Healthworks of AZ Inc. leased 5,257 square feet at
- 2945 W. Ina
- Road
- . David Montijo and Damian Wilkinson, of CBRE Tucson, along with Paul Stockwell, of CBRE Los Angeles, represented the tenant. CBRE’s David Volk and Bruce Suppes represented the landlord, 2945 West Ina Road LLC.
- The Tucson Urban League Housing Corp. leased 4,095 square feet at 2227 S. Mission Road from LECA Properties LLC. Ron Zimmerman, with Picor, represented the tenant.
- Pacific Dental leased 3,183 square feet in Crossroads Festival, on the northeast corner of Grant and Swan roads. Andy Selez-nov and Melissa Lal represented the landlord, Larsen Baker, and Joe Doucett, of Newmark, Grubb, Knight, Frank R.E., represented the tenant.
- Brock Cabinetry LLC leased 1,500 square feet at 3538 N. Romero Road from Costa Verde Investments LLC. Ron Zimmerman, with Picor, represented the landlord.
- Town Under Black Distillery LLC leased 1,100 square feet at 3810 E. 44th St. from RR44 Inc. Max Fisher, with Picor, represented the landlord, and Barrie Herr, with Long Realty Co., represented the tenant.
- Level Cup Coffee and Boba leased 1,060 square feet at 1525 N. Wilmot Road from Dorado Center Tucson LLC. Robert J. Nolan, of Oxford Realty Advisors, handled the transaction.
- Vinnie’s Repair Service leased 1,000 square feet at 2112 N. Dragoon St. from Rich Rodgers South Inc. Max Fisher, with Picor, represented both parties.
