SOLD
Prairie Hill Holdings Acquires Rillito Crossing Marketplace In Tucson For $27.5M
North 1st Avenue
Retail
96,424 SF
96,424 SF
Sold 121 days ago
Summary
Sale
ARIZONA
Retail
96,424 sqft
Prairie Hill Holdings has acquired Tucson's Rillito Crossing Marketplace for $27.5 million, marking their first acquisition in the city. The property, located on North 1st Avenue, spans across 96,424 square feet and is primarily leased, with 97% occupancy. Notable tenants include Sprouts and LA Fitness. The sale was facilitated by Epic Real Estate Partners, represented by Daniel J. Holland, while Prairie Hill Holdings was represented by Matthew Sandretto.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $27,500,000
- Address: North 1st Avenue, Tucson, AZ
- Market: Tucson, AZ
- SF (Square Footage): 96,424
- PPSF (Price Per Square Foot): $285
Bryan Ley and Patrick Dempsey from JLL served as the brokers for the deal, assisting both the buyer and seller in the transaction. This acquisition presents an opportunity for Prairie Hill Holdings to establish its presence in Tucson's real estate market and leverage the strong performance of the Rillito Crossing Marketplace.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Matthew Sandretto, Daniel J. Holland, Bryan Ley & Patrick Dempsey
DATE: 01/05/2024
ADDRESS: North 1st Avenue
MARKET: Tucson, AZ
ASSET TYPE: Retail
BUYER: Matthew Sandretto - Prairie Hill Holdings
SELLER: Daniel J. Holland - Epic Real Estate Partners
BROKERS: Bryan Ley & Patrick Dempsey - JLL
SALE PRICE: $27,500,000
SF: 96,424 ~ PPSF: $285
NOTE: Prairie Hill Holdings acquired Tucson's Rillito Crossing Marketplace for $27.5 million in their inaugural city acquisition. The property, sold by an Epic Real Estate Partners affiliate, encompasses 96,424 square feet with 97% leased space, featuring tenants like Sprouts and LA Fitness.View on map
Loading...
AddressNorth 1st Avenue
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want