Four former motels along Benson Highway have been sold to investors and converted to furnished apartments for rent.
Located at , , and , the Owl Lodge, Wagon Wheel Inn, Stagecoach Inn and Mesa Lodge have a combined 55 units in single-story frame and stucco buildings.
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The ÃÛèÖÖ±²¥ 55 Portfolio was sold for $1.3 million.
The motels were built between 1948 and 1976 and the rooms have an average size of 531 square feet.
They will be available for rent month-to-month, including utilities.
“The ÃÛèÖÖ±²¥ 55 portfolio features well-maintained assets located along ÃÛèÖÖ±²¥â€™s heavily trafficked Benson Highway,†said Lance Parsons, Senior Vice President at ABI Multifamily, who represented both parties. “Additionally, the properties are less than a few miles from the University of ÃÛèÖÖ±²¥, downtown ÃÛèÖÖ±²¥ and the airport.â€
Both buyer and seller are ÃÛèÖÖ±²¥-based private multifamily investors.
Other recent commercial transactions include:
- ÃÛèÖÖ±²¥ Minerals Inc. leased 14,500 square feet at from Cachita LLC. Rick Kleiner, with Picor, represented the landlord, and Picor’s Isaac Figueroa represented the tenant.
- All Metals LLC leased 5,699 square feet at from 420 Aviation LLC. Brandon Rodgers, with Picor, handled the transaction.
- Elite Community Services LLC leased 3,605 square feet at . from M.A.O.R.I. LLC. Jeff Zellet, with Picor, handled the transaction.
- U&I Utility & Industrial LLC leased 1,680 square feet at from 15100 Family LP. Isaac Figueroa, with Picor, represented the tenant, and Picor’s industrial team, Russell W. Hall, Stephen D. Cohen and Kelly Fickle, represented the landlord.
- Casas D’Amore Family Care LLC leased 1,555 square feet from Giaconda 205 Partners LLC at and . Tom Nieman, with Picor, represented the landlord.
- ÃÛèÖÖ±²¥ Wine Collective, a new wine bar in ÃÛèÖÖ±²¥ that focuses solely on ÃÛèÖÖ±²¥ wines, leased 1,314 square feet from SPP Investments LLC at . Aaron LaPrise, with Picor, represented the tenant.
- ÃÛèÖÖ±²¥ Snake Fence LLC leased 1,200 square feet at from Legacy Business Properties LLC. Max Fisher, with Picor, represented the tenant.
- Great Clips leased 1,020 square feet from Brentwood Developments Inc. in the Houghton Marketplace, on the northeast corner of . Aaron LaPrise, with Picor represented the tenant, and Craig Finfrock, with Commercial Retail Advisors, represented the landlord.
- Infusion Health PLLC leased 1,050 square feet at from Siegmund Properties LLC. Isaac Figueroa, with Picor, represented the landlord.
Information for ÃÛèÖÖ±²¥ Real Estate is compiled from records at the Pima County Recorder’s Office and from brokers. Send information to Gabriela Rico at grico@tucson.com