A former movie theater that was redeveloped into self-storage has been sold to a Dallas investment group.
Rosewood Property Co. bought the 66,429-square-foot Extra Space Storage facility at 770 N. Kolb Road for $13.5 million, Pima County Recorderβs Office records show.
It was formerly the Gateway Century 12 movie theater.
Rosewood owns 78 self-storage facilities around the country and this is the companyβs first purchase in Arizona.
The Tucson property has 661 units of various sizes and types.
βWe made our first self-storage purchase in 2012, viewing the emerging sector as a great fit for our long-hold strategy, and 11 years later, we continue to see tremendous value in this asset class,β said Rick Perdue, president of Rosewood Property Co. βThis Tucson facility will make a nice addition to our growth in the Southwest region.β
Self-storage continues to be a growing industry in Tucson and across the country.
Other local commercial transactions include:
TAD IV Holdings LLC bought 5th Ave Apartments, at 4544, 4556, and 4560 S. Fifth Ave. from Tucson I Buyer LLC for $1 million. Allan Mendelsberg and Joey Martinez, with Picor, represented the seller. Joseph Chaplik, with Joseph Bernard Real Estate Investment LLC, represented the buyer.
KECAZ LLC paid $700,000 for 17,424 square feet of land at Broadway Star Plaza, 7505 E. Broadway Blvd., to develop a Black Rock Coffee shop. The seller, VAP Properties LLC, Shenitzer Properties LLC, and WV LLC, was represented by Nancy McClure, with CBRE. The buyer was represented by Jeramy Price, with Volk Co.
Planet Fitness leased the former Beallβs space at 3840 W. River Road to open a fitness club later this year. Isaac Figueroa, with Larsen Baker, represented the landlord, and Ben Craney, of NAI Horizon, represented the tenant.
Salad And Go leased 25,000 square feet of land on the southwest corner of Limberlost and First Avenue. Rick Borane and Dave Volk, with Volk Co., represented the landlord, First & Limberlost Plaza. Dave Hammack, with Picor, represented the tenant.
Aragon Underground Construction leased 15,650 square feet of land at 4164 N. Flowing Wells Road. Andreas Castillo and Jeramy Price, with Volk Co., represented the landlord, Ideal Flowing Wells Holdings LLC.
Tucson Asphalt Contractors Inc. leased 3,600 square feet at 2680 E. Valencia Road for its new corporate office. Jeramy Price, with Volk Co., represented the tenant. Molly Mary Gilbert and Andy Seleznov, with Picor, represented the landlord, Rogers Real Estate Holdings LLC.
Photos: Looking back at Tucson's last drive-in movie theater
De Anza Drive-In movie theater
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De Anza Drive-In at 22nd and Alvernon. June 10, 1977.Β
De Anza Drive-In movie theater
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De Anza movie goers make their way to the snack bar in this June 10, 1977. Photo by Jim Davis.
Aerial, Tucson, 1968
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And rising from the desert is the De Anza Drive-In theatre on Alvernon Way, south of 22nd Street, in this aerial photo of Tucson in December, 1968. To the left, across Alvernon and barely visible, is the Magic Carpet Slide. In the background, the Bermuda grass at Randolph golf course at Reid Park has gone dormant for the winter.
DeAnza Drive-In
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Nadine Tikkanen and her two children are sitting on the truck and enjoying their snacks from the snack bar as they are watching the movie on the screen at the DeAnza Drive-in on Alvernon and 22nd St. in 2000.
DeAnza Drive-In
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Marcus van Winden, left, watches "What Happens in Vegas" with Nicole Blaser while they sit in the back of their vehicle during a showing at DeAnza Drive-In Movie Theatre on May 13, 2008 in Tucson, Ariz.
DeAnza Drive-In
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"Harold and Kumar Escape From Guantanamo Bay" runs through the reels in the projection room during a showing at DeAnza Drive-In Movie Theatre on May 13, 2008 in Tucson, Ariz.
DeAnza Drive-In
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Steve Christensen works the box-office while cars pile in at DeAnza Drive-In Movie Theatre on May 13, 2008 in Tucson, Ariz.
De Anza Drive-In movie theater
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DeAnza Drive-in movie-goer Kate Gardiner watches an explosion roll across the screen from the safety of her car. 2/12/99
De Anza Drive-In movie theater
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The feet of a movie-goer waggle in front of one of the DeAnza Drive-In's three screens. 2/12/99
De Anza Drive-In movie theater
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The DeAnza Drive-In Theater facade, also the back of the main screen. 2/12/99
De Anza Drive-In movie theater
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The tail lights of a car streak towards the exit of the DeAnza Drive-In Theater as a movie still plays in the background. 2/12/99
De Anza Drive-In movie theater
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Ewart Edwards, Manager of the DeAnza Drive-In Theater in 1999. The DeAnza was expected to close in the next few months, but financing for the deal fell through. Ewart would've wrapped up a 50-year career in the movie business. Photo taken on 1/27/99.
DeAnza Drive-In movie theater
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Ewart Edwards, who died of cancer in 2006, worked at the old Lyric and Fox theaters and several drive-ins in Tucson over a span of nearly 50 years.
De Anza Drive-In movie theater
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As the last of the day's light fades away, the previews begin on one of the four screens at the DeAnza Drive-In Theatre, the last drive-in in Tucson, AZ., Thursday, July 20, 2006.Β
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A pair of children watch the animated movie "Cloudy With a Chance of Meatballs" from a car roof during the closing night of the DeAnza Drive-In Theater, Saturday Oct. 3 2009 in Tucson, Ariz.
De Anza Drive-In movie theater
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Sharon Brown (left) and her son, 10-year-old William Brown, eat popcorn in the back of their car during the closing night of the DeAnza Drive-In Theater on Oct. 3, 2009 in Tucson, Ariz. The two have been to the drive-in "many" times over the years.
De Anza Drive-In movie theater
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A long line of cars wait for the ticket booth to open on the closing night of the DeAnza Drive-In Theater on Saturday, Oct. 3 2009 in Tucson, Ariz.
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Cole Becker, 11, left, and his friend Walter Scalora, 10, get comfortable at their prime movie-watching location on top of a car on the closing night of the DeAnza Drive-In Theater on Oct. 3, 2009 in Tucson, Ariz.
De Anza Drive-In movie theater
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A long line of cars slowly move towards the ticket booth on the closing night of the DeAnza Drive-In Theater on Oct. 3, 2009 in Tucson, Ariz.
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A lot full of cars watching the main screen on the closing night of the DeAnza Drive in Theater on Oct. 3, 2009 in Tucson, Ariz. The main screen was showing the animated movie "Cloudy With a Chance of Meatballs." The theater, near the corner of Alvernon Way and 22nd Street, was the oldest drive-in theater in Arizona.
De Anza Drive-In movie theater
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A movie poster for the upcoming feature "Zombieland" hangs on the wall of the snack bar as patrons file through before the start of the movies at the DeAnza Drive-In on Thursday, October 1, 2009, in Tucson, Ariz.
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Snack bar attendant Armando Nava prepares a couple of Eegee's at the De Anza Drive-In as customers trickle in before the start of the various movies on Thursday, October 1, 2009, in Tucson, Ariz.
De Anza Drive-In movie theater
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A vehicle stops by the ticket office at the De Anza Drive-In to view the animated feature, "Cloudy With a Chance of Meatballs," on Thursday, October 1, 2009, in Tucson, Ariz.
De Anza Drive-In movie theater
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Moviegoers line up in their vehicles in front of the DeAnza ticket office as Garrick OrduΓ±o is silhouetted in the doorway ready to receive them on Thursday, October 1, 2009, in Tucson, Ariz.
De Anza Drive-In movie theater
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Moviegoers have a great parking spot at the DeAnza Drive-In as they view the animated feature "Cloudy With a Chance of Meatballs" on Thursday, October 1, 2009, in Tucson, Ariz.Β
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A crew from City Demo Co. removes the panels from the last standing screen of the former DeAnza Drive-In, Tucson, AZ., April 7, 2010, which closed October of 2009. Les Martin, a supervisor with Canyon Building & Design, the company responsible for the demolition of the drive-in, said work to salvage the last and largest of the screens began on a Tuesday, with crews likely completing the work by Friday. Charles Spillar, who found homes for several giant sculptures that used to stand at the Magic Carpet miniature-golf course, wanted to use two screens at the shut-down De Anza Drive-In, 1401 S. Alvernon Way, to open a new theater called the Cactus Drive-In as a tribute to the De Anza's former name. "There was only one screen saved since Evergreen is paying for the dismantling and that being the giant cinemascope one in the front of the Drive-In," Spillar said.
Demolition of the former Century Park 16 theaters on Grant Road began Feb. 20 near Interstate 10. The Pascua Yaqui Tribe plans to build a new casino in its place. Tribal Council members and the mayor of Tucson spoke moments before the construction crew began tearing down the walls.
Video by Pascal Albright / Arizona Daily Star
