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Tucson Real Estate: Vail shopping center sold to investors for $2.8M

Tucson Real Estate: Vail shopping center sold to investors for $2.8M

The 7,200-square-foot Old Vail Plaza is part of Houghton Town Center at Houghton and Old Vail roads.

Investors bought Old Vail Plaza, a 7,200-square-foot, four-suite center at 10235 E. Old Vail Road, in the Houghton Town Center, for $2.8 million.

The plaza was fully leased at the time of the sale.

Scott Ruble, Mark Ruble, Chris Lind and Jamie Medress, investment specialists in Marcus & Millichap’s Phoenix office, handled the sale.

Other recent commercial transactions include:

  • Rio Equity Group LLC bought 27,208 square feet of industrial space at 3650-3700 S. Palo Verde Road from Black Rock Ventures LLC for $2.6 million. Picor brokers Brandon Rodgers, Stephen D. Cohen and Thomas J. Nieman handled the sale.
  • Lester Apartments LLC bought Lester Apartments, a 22-bedroom student housing complex at 638-642 E. Lester St., from JEMS Investments LP for $1.5 million. Allan Mendelsberg, with Picor, represented both parties.
  • 6671 E. Littletown Rd LLC bought a 12,852-square-foot warehouse at 6671 E. Littletown Road from JDL & Co. LLC for $1.3 million. Brandon Rodgers, with Picor, represented the seller and Peter Batschelet, with Lee & Associates, represented the buyer.
  • Tash Real Estate Investments LLC bought Village Drive Apartments, 1701-1723 N. Village Drive and 3939 E. Pima St., from Venetian Investments LLC for $950,000. Joseph Chaplik, with Joseph Bernard Investment Real Estate, represented both parties.
  • Marco and Gloria Bermudez bought a 7,919-square-foot building on 54,014 square feet of land at 5200 S. Palo Verde Road from Aquiles LLC for $650,000. They plan to open Salon Mexico Event, a wedding and party hall. Frank Arrotta, of Tucson Realty & Trust Co., represented the buyer and the seller was self-represented.
  • Murray’s Business Service Inc. leased 1,926 square feet at 899 N. Wilmot Road from Holland Arizona Investments LLC. Cameron Casey and Lori Casey, of Oxford Realty Advisors, represented both parties.

Information for Tucson Real Estate is compiled from records at the Pima County Recorder’s Office and from brokers. Send information to Gabriela Rico,

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