TUCSON, AZ (December 19, 2025) — A trio of owner-user real estate transactions closed in early December underscores continued demand for well-located commercial properties across multiple Tucson submarkets, with buyers ranging from a regional credit union to medical and industrial owner-occupants.
In the Northwest submarket, Idaho Central Credit Union acquired a former Bank of America branch located at 12132 N. Rancho Vistoso Boulevard in Oro Valley for $2.3 million ($514.20 PSF). The 4,473-square-foot retail building, constructed in 2004 and situated on 0.86 acres within Safeway Vistoso Plaza, sold at $514.20 per square foot. The property includes 27 parking spaces and three drive-thru lanes and was purchased for owner-occupancy. The seller was Vistoso Plaza II LLC, an affiliate of Brentwood Developments (California) Fund III. CBRE’s David Montijo represented the buyer, while Tyler Griffith of Kidder Mathews handled the listing.
In central Tucson, a medical office condominium at 1601 N. Tucson Boulevard, Suite 18, sold for $390,000 ($144.12 PSF) in an owner-user transaction. The 2,706-square-foot office was originally built in 1953. The buyer, 1601 N Tucson Blvd 18 LLC, acquired the space for owner-occupy under the management of Surekha Bandlamuri, MD. The property features multiple exam rooms, lab space, and recent capital improvements, including a new roof installed in 2025 with a transferable warranty. CBRE’s John Ash and Bruce Suppes represented the buyer, while Chris Tsighis and Veronica Lawson of Coldwell Banker Realty represented the seller, the Michael E. and Eline I. Duperret Family Trust…