Once again, the Multi-Family team at Cushman & Wakefield | PICOR has secured a spot in our top sales post! We applaud the efforts of Allan Mendelsberg and Joey Martinez, Principals and Multi-Family Specialists, who skillfully represented all parties involved in these transactions.
The first transaction was of Don Martin Apartments at 605 E. 9th Street in Tucson. This 24-unit investment property, built in 1929 by the esteemed Tucson architect Josias Joesler, was purchased by Don Martin Apartments LLC for $3,250,000, or $135,416 per unit.
Don Martin Apartments displays timeless charm with its Spanish-style exterior, featuring stucco walls and terracotta tile leading up to the arched entrance. Step inside, and you’ll find each unit includes shiny hardwood floors and large windows that invite natural light. Offering a diverse range of units, including studios, 1 Bed/1 Bath, and 2 Bed/2 Bath layouts, this property caters to various preferences.
Moreover, its prime location within walking distance of Congress Street and the University of Arizona further enhances its appeal. Residents can indulge in a myriad of retail options, delightful restaurants, and exciting entertainment venues located just steps away from their doors.
The second transaction was of The Utah Townhomes, a 6-home property located in South Tucson which was purchased by Utah Townhomes, LLC for $1,100,000, or $183,333 per home. Built in 2009, The Utah Townhomes had recent capital improvements made including fresh paint, new carpeting, and upgraded appliances in each unit. The spacious floor plans include two bedrooms and two and a half bathrooms.
Residents of The Utah Townhomes enjoy private backyards, carpeted bedrooms, and tile flooring throughout. As a fully fenced and gated community, it provides a secure living environment. Its strategic location places it in close proximity to prominent retail and dining destinations such as Tucson Spectrum and Tucson Marketplace, as well as local educational institutions like Pima Community College, Liberty Elementary, Apollo Middle School, and Star Academic High.
Additionally, The Utah Townhomes benefits from its proximity to major employment hubs, including the prestigious UA Tech Parks, Tucson International Airport, and the American Battery Factory. Conveniently situated near I-10 and I-19, this property offers excellent access to Tucson’s main thoroughfares, further enhancing its allure.