Sales Transactions
1. Bonesta Inc. purchased three assisted living facilities from Sante Partners in a portfolio transaction totaling $75.61M. The properties were:
- Santé of North Scottsdale, a 52.4KSF facility at 17490 N. 93rd St. in Scottsdale, which sold for $27.21M;
- Santé of Mesa, a 48.3KSF facility at 5358 E. Baseline Road in Mesa, which sold for $24.29M, and
- Santé of Surprise, a 49.9KSF facility at 14775 W. Yorkshire Dr. in Surprise, which sold for $24.11M.
2. U.S. Merchants purchased a 454KSF industrial building at 13401 W. Sweetwater Ave. in Surprise for $63.89M from Mohr Capital. The property is part of West Summit at Surprise, a two-building industrial park totaling more than 704KSF. JLL’s Anthony Lydon, John Lydon and Kelly Royle represented the seller. The facility is located within Surprise’s railplex and includes access to a BNSF rail line along the western portion of the property.
3. Bloomfield Capital purchased the Broadway Star Shopping Center at 7525-7543 E. Broadway in Tucson for $4M. Broadway Star Partners LLC sold the 32.7KSF shopping center. Sonoran Ventures’ Nancy McClure, as well as CBRE’s John Read, Matt Burson and Trent Steeves, represented the seller. Volk Company’s Jeramy Price represented the buyer.
4. Lippow/Bablak 1 LLC and Lippow/Kyrene 1 LLC, affiliates of Lippow Development Company, purchased a 6.1KSF two-tenant retail property at 6450 E. Grant Road in Tucson for $3.85M. The seller was Grant Wilmot Retail LLC. Constructed in 2015 on approximately 0.86 acres, the property is occupied by Prep & Pastry on Grant and Sauce Pizza & Wine and includes approximately 50 parking spaces. David Carroll of Paul Ash Commercial Real Estate handled the transaction for the buyer…