The Hacienda Motel on Oracle Road, along with its iconic neon sign, has been sold for $2.8 million.
Colonia Properties TIC II LLC bought the 51-unit building at 1742 N. Oracle Road from Oasis Living LLC. Investors are considering turning the property into apartments.
The 18,000-square-foot property has onsite laundry and a pool.
Allan Mendelsberg and Conrad Joey Martinez, with Picor, handled the sale on behalf of both California companies.
Other local real estate transactions include:
Mandarina South LLC bought 112 acres of land on the northeast corner of Tangerine Road and Interstate 10 for $4.2 million. Robert Glaser, with Picor, represented the seller and Brent Moser, with Lee & Associations ÃÛèÖÖ±²¥ Commercial Real Estate, represented the buyer.
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The former Pier One building at 5919 E. Broadway was sold by Barrett Associates to TRC Properties XII LLC for $2.2 million. Joey Castillo, with Volk Co., represented the buyer and the seller was represented by Jordan Simon and Karen Farrell, with Venture West.
Developers bought 56,387 square feet of vacant land at 405 W. Speedway (at Main Avenue) to build a Tropical Smoothie shop. Jeramy Price, with Volk Co., represented the buyer NPF LLC in the $1.3 million sale. Rob Tomlinson, with Picor, represented the seller IronTex Developers LLC and Main & Speedway LLC.
The former Abbey Funeral Chapel at 3415-3435 N. First Ave. has been sold to SCI ÃÛèÖÖ±²¥ Funeral Services LLC for $1.1 million. The buyer plans to remodel and reopen the business next year. Dave Volk and Joey Castillo, with Volk Co., represented the seller Waly Krotenberg Revocable Trust.
Central Barrio Development LLC bought an 8,000-square-foot building at 5639 E. Fifth St. from KEYSCD LLC for $835,000. Joey Castillo, with Volk Co., represented the buyer and the seller was represented by Ian Stuart and Bruce Suppes, with CBRE.
New home communities in the ÃÛèÖÖ±²¥ area open to renters onlyFor Star subscribers: Developers in the ÃÛèÖÖ±²¥-area are eagerly building more communities of houses — not apartments — that are exclusively for renters.
For Star subscribers:Â A ÃÛèÖÖ±²¥-based coffee roaster is opening its flagship location at the iconic Benedictine Monastery in midtown.Â
For Star subscribers: With 1 million square feet of office space available in ÃÛèÖÖ±²¥ that was not vacant pre-pandemic, a new approach is needed to get employees to return.
For Star subscribers: Work is slated to begin on a 256-unit apartment complex along the Santa Cruz River, west of downtown ÃÛèÖÖ±²¥. The complex will have a riverwalk.
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, grico@tucson.com
Gabriela Rico
Reporter
