Black Lion Investment Group Sells Retail Property In Tucson For $6.1M
ShareContact
This Retail property located in AZ was sold for $6,100,000 almost 3 years ago. The broker of the deal was Chris Hollenbeck
View Related
- Location4380 North Oracle Road
- Sale Price$6,100,000$762 PPSF
- Area8,000 SF
- Asset TypeRetail
- Parties1 Broker, 1 Agency
Agent
Agency
Social
Deal Summary
SALE
IMAGE: Robert Rivani
DATE: 06/25/2021
ADDRESS: 4380 N Oracle Rd
MARKET: Tucson
ASSET TYPE: Retail
SELLER: Black Lion - Robert Rivani (@Robert_Rivani)
BROKER: Chris Hollenbeck - Cushman & Wakefield
SALE PRICE: $6,100,000
SF: 8,000 ~ PPSF: $762
NOTE: The sale was completed on June 25, 2021, for $6.1 million, or over $760 per square foot. The transaction sets a record for one of the highest price per square foot sales of a single tenant BJ’s Restaurant & Brewhouse in the country.
"We sold this asset to better align Black Lion’s portfolio with our long-term strategic goals, allowing us to continue to deploy neighborhood-changing capital in our primary markets of interest,” said Black Lion Investment Group President, Robert Rivani. “Meanwhile, the buyer was able to acquire a premier free-standing pad with a successful national chain tenant in a highly-trafficked premium power center,” Rivani added. “We are thrilled to be able to reinvest the proceeds from this sale into other alluring, high-profile retail and hospitality projects in South Florida. Our portfolio of top-notch assets is expanding rapidly and we continue to acquire trophy assets that match our long-term creative investment vision.”
Comparables
Contact
4380 North Oracle Road
Social
Comparables
Contact
Share
Login to Suggest Edits