Investing in Recreation: $1.25M Purchase Brings Padel Alley to Tucson

Blog article banner image, shows brokers and photos of the property.

 

Sports Empire Ventures, LLC purchased a 2,380 square foot retail building on 1.43 acres of land at 5943 E. Speedway Blvd for $1.25 million. Facilitated by C&W | PICOR’s Dave Hammack (Retail Specialist) and Steve Cohen (Industrial Specialist), representing the seller, and Jose Dabdoub (Industrial Specialist), representing the buyer, this deal brings a new sports venue to Tucson.

 

Photo of the outside of Padel Alley

Photo courtesy of Padel Alley

 

This former veterinary clinic is being transformed into Padel Alley, featuring eight padel courts, four pickleball courts, a terrace bar, a pro shop, and will provide a variety of academies, clinics, tournaments, and more. Padel is a racket sport that combines elements of tennis and squash and is always played in doubles on an enclosed court. This space is perfect for the growing trend of competitive socializing, which has surged by 386% since 2021.

As consumers increasingly prioritize experiences over products, venues like Padel Alley are ideal for mixed-use districts that offer engaging amenities, unique tenants, and fun meeting places for all, benefiting landlords, tenants, and consumers alike.

 

Bird's eye view of Padel Alley (shows their courts)

Photo courtesy of Padel Alley

The location of Padel Alley is particularly beneficial; situated at the intersection of Speedway and Wilmot, it benefits from high traffic counts—Speedway Blvd alone sees 40,000 vehicles per day—and a demographic population of over 115,000 residents within a three-mile radius.

Follow Padel Alley on Instagram to stay updated on their grand opening and get ready to get your game on!

 

 

SOURCES:

“The Edge Magazine Vol. 8.” Page 40, cushwake.cld.bz/The-Edge-Magazine-Vol-8/40/#fbclid=IwY2xjawFNY1VleHRuA2FlbQIxMAABHQHI_YlgOIu4uVLWxYWbZ6JU_eLYxs0RlQwhvFal4YizJ_9y0wbZml_0YQ_aem_19-Ds3AdNoaXQk1NI1Zgew. Accessed 10 Sept. 2024. 

www.instagram.com/padel.alley/. Accessed 10 Sept. 2024. 

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