TUCSON, AZ (May 12, 206) — A two-tenant retail property occupied by Prep & Pastry on Grant and Sauce Pizza & Wine at 6450 E. Grant Road in Tucson sold for $3,850,000 in an investment sale.
The buyer was Lippow/Bablak 1 LLC and Lippow/Kyrene 1 LLC, affiliates of Lippow Development Company of Martinez, California. The seller was Grant Wilmot Retail LLC of Tucson.
The 6,094-square-foot retail building was constructed in 2015 on approximately 0.86 acres at the Grant Road commercial corridor in Tucson’s northeast submarket. The sale price equates to approximately $631.77 per square foot. The property includes two restaurant units and approximately 50 parking spaces…