CBRE Arranges $1.8 Million Sale of 30,600 SF Retail Property in Tucson
17 Apr 2020
Tucson – CBRE has arranged the $1.8 million sale of a 30,600-square-foot retail property located in an opportunity zone at 3655 East Grant Road in Tucson.
Nancy McClure of CBRE in Tucson represented the buyer, El Rio Santa Cruz Neighborhood Health Center, Inc., in the transaction.
Situated at the northwest corner of Grant Road and Dodge Boulevard, the two-story building has served as a bank branch since it was built in 1968. The new owner-user plans to convert the former bank into a community healthcare center.
The property benefits from a strong urban infill location and accessibility to the University of Arizona, downtown Tucson and Interstate 10.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.