Tucson, Ariz. – Lee & Associates Investment Principals Steve Gonzalez, Marcus Muirhead and Greg Guglielmino brokered the sale of two properties in Southern Arizona near Tucson for a total of $7.89 million, including a three-building business park and single-tenant medical office building.
Rooney Ranch Professional Plaza, a three-building business park totaling 34,237 square feet at 10445 N. Oracle Road, was sold to a local investment entity for $6.715 million on April 25.
Lee & Associates Investment Principals Steve Gonzalez, Marcus Muirhead and Greg Guglielmino represented the seller, Berkeley Land Co. Inc., from Danville, Calif. The buyer was the Clover Companies, LLC, from Tucson, Ariz. represented by Swain Chapman of Chapman Management Group.
The property, constructed in 1991 and 1998, consists of a campus with three office buildings totaling 34,237 square feet, situated on an approximate 3.95 acres in the Town Center and commercial hub of Oro Valley, Ariz.
“Rooney Ranch Professional Plaza’s long-term occupancy history and office/medical office tenant mix makes this offering an attractive opportunity,” Guglielmino explains. “The demographics of the area, proximity to the 550,000-square-foot Rooney Ranch power center and frontage on the Oracle Road make up this a great acquisition for the buyers. Swain’s long-standing knowledge of the subject as property manager helped make this a smooth and fair transaction for buyer and seller.”
Further south at 6238 E. Pima St., the Lee & Associates team represented both the buyer and seller in a $1.175 million sale of a single-tenant triple net (NNN) lease property.
Constructed in 1998 as a build-to-suit for this specific use, NextCare Urgent Care has leased the space for the last 20 years. Located along one of the busiest traffic corridors in Metropolitan Tucson, the property’s location benefits from high multifamily and single-family density as well as strong retail tenants from national and regional companies.
For more information on the properties, visit www.leearizona.com or contact Gonzalez at (602) 474-9588, Guglielmino at (602) 474-9590, or Muirhead at (602) 474-9589.
About Lee & Associates Arizona
Lee & Associates Arizona specializes in providing exceptional commercial brokerage services to the retail, industrial, office, land and investment sectors of the Phoenix commercial real estate market. Each of the nationwide Lee & Associates offices has a strong local ownership combined with a powerful platform from the national Lee & Associates network.