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Self-storage project on Tucson’s east side sold

A former movie theater redeveloped as self-storage has been sold to a Dallas investment group.

Rosewood Property Company. It purchased an additional 66,429 square feet of additional space storage facility at 770 Kolb Road for $13.5 million, according to Pima County Registrar’s Office records.

It used to be the Gateway Century 12 cinema.

Rosewood owns 78 self-storage facilities nationwide and this is the company’s first purchase in Arizona.

Tucson real estate has 661 units of various sizes and types.

“We made our first self-storage purchase in 2012 and believe the emerging sector is a perfect fit for our long-hold strategy and, 11 years later, we continue to see tremendous value in this asset class,” said the firm’s president. said Rick Perdue of Rosewood Property Co. “This Tucson property will be a great addition to our growth in the Southwest region.”

Others are reading…

Self-storage is a growing industry in Tucson and throughout the United States.

Other local commerce includes:

TAD IV Holdings LLC has purchased the Fifth Avenue Apartments at 4544, 4556 and 4560 Fifth Avenue South from Tucson I Buyers LLC for $1 million. Alan Mendelsberg and Joey Martinez, along with Picole, represented the seller. Joseph Chaplik of Joseph Bernard Real Estate Investment LLC represented the purchaser.

KECAZ LLC paid $700,000 for 17,424 square feet of land at Broadway Star Plaza at 7505 E. Broadway Blvd. black rock coffee shop. Seller She represented VAP Properties LLC, Shenitzer Properties LLC, and WV LLC was Nancy McClure of CBRE. The buyer’s agent was Jeramie Price of Volk Co.

planet fitness rented a space in the former Beall’s at 3840 W. River Road to open a fitness club later this year. Mr. Isaac Figueroa and Mr. Larsen Baker represented the landlords and Mr. Ben Craney of NAI Horizon represented the tenants.

salad and go Leased 25,000 square feet of land on the southwest corner of Limberlost and 1st Avenue. Volk Co.’s Rick Borane and Dave Volk represented the landlord, First & Limberlost Plaza. Mr. Dave Hammack and Mr. Picault represented the tenants.

Aragon Underground Construction has leased 15,650 square feet of land at 4164 N. Flowing Wells Road. Volk’s Andreas Castillo and Jeramie Price represented the landlord, Ideal Flowing Wells Holdings LLC.

Tucson Asphalt Contractors Inc. has leased 3,600 square feet at 2680 E. Valencia Road for its new headquarters. Jeramie Price of Volk represented Tennant. Molly Mary Gilbert and Andy Selezunov, along with Piccole, represented the landlord, Rogers Real Estate Holdings LLC.

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