A restaurant, vacant building and parking lot on Speedway near Country Club Road has fetched $1.1 million.
The sale included the 1,872-square-foot Los Betos Mexican restaurant, a 2,633-square-foot vacant building that once housed Sav-On Flowers and 23,092 square feet of parking space.
鈥淭here is a strong demand for existing properties and development land on major thoroughfares like Speedway that are close to the University of 蜜柚直播,鈥 said David Blanchette, vice president with NAI Horizon who represented the seller. 鈥淚t is rare to see this much property offered for sale on Speedway. The sellers have owned the property for several years and decided that the time was right to sell and reinvest. It will be exciting to see how the new owners develop the property.鈥
The seller was the Elizabeth McCuistion Living Trust of Ladera Ranch, Calif. The buyer, 2902-2952 E. Speedway LLC, was represented by John Ash, with CBRE.
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鈥淲e are seeing the resurgence of the smaller strip centers that include four to six shop spaces,鈥 Blanchette said, 鈥渨hich are attractive to cellphone companies, fast-casual eateries and even office/medical users that want high-traffic visibility.鈥
Other recent commercial transactions include:
- Chi Ying Tsang and Bao Ge Chen bought the former Marisco鈥檚 restaurant at for $520,000. Gordon Wagner and David Dutson, of NAI Horizon, represented the buyer. Ian Stuart, of CBRE, represented the seller, the city of 蜜柚直播.
- AOR Management Co. of 蜜柚直播 LLC leased 25,271 square feet at from TMC Holdings Inc. Rick Kleiner, with Picor, represented the landlord. David Volk and Bruce Suppes, with CBRE, represented the tenant.
- Latitudes Furniture LLC leased 12,100 square feet at from Volk Holdings LLC and Volk Vision LLC. Kevin Volk, of Volk Co., represented the landlord, and the tenant was represented by Rob Tomlinson, with Picor.
- Savant of the West LLC, doing business as 1-800-Radiator, leased 6,230 square feet at from Doubletree Investments Inc. Stephen D. Cohen and Russell W. Hall, with Picor, represented the landlord. Ted Liles and Pete Wilson, with Cresa Phoenix, represented the tenant.
- The American Charter Schools Foundation leased 6,000 square feet at from EC Irvington Foundation LLC. Kevin Volk and Debbie Heslop, with Volk Co., represented the landlord. Justin Himelstein, of Cushman & Wakefield, represented the tenant.
- LaFleur French Market LLC leased 4,000 square feet at from RRN Inc. Max Fisher, with Picor, handled the transaction.
- Break Out Studios LLC leased 2,400 square feet at from Reddington Plaza LLC. Robert Nolan, of Oxford Realty Advisors, handled the transaction.
- Quina and James McCalley leased 1,024 square feet at to open Quina McCalley Jeweler. Jeramy Price, of Volk Co., represented the tenant, and the landlord, La Plaza Investors LLLP, was represented by David Carroll, of Romano Real Estate.
Information for 蜜柚直播 Real Estate is compiled from records at the Pima County Recorder’s Office and from brokers. Send information to Gabriela Rico, grico@tucson.com. On Facebook: