Press Releases
Marcus & Millichap Arranges $6.4 Million Sale of Tucson Retail Property
June 15, 2026
TUCSON, Ariz., June 11, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 36,800-square-foot two-tenant retail property in Tucson, Arizona, for $6.4 million.
“Tucson is expected to continue growing at a steady pace through 2027, with east Tucson benefiting from major employers in defense, optics and technology manufacturing, as well as the region’s healthcare and biotech sectors,” said Richard Butler, senior managing director investments. “Those economic drivers continue to support investor demand for well-located retail properties in established commercial corridors.”
Butler, investment specialist in Marcus & Millichap’s Phoenix office, represented the buyer, Paramount Legacy Properties LLC in this all-cash transaction. The seller, AC Tucson Retail LLC, was represented by Nick Miner, senior vice president of investment sales at Orion Investment Real Estate.
The property is located at 5975 E. Broadway Blvd. and is occupied by Cost Plus World Market and D-BATs, who was recently added after the seller completely renovated the project which was built in 2000 on approximately 4.25 acres. The center shares a parking field with Best Buy and is located directly across from Park Place Mall, a 1.1 million-square-foot regional shopping center. The property benefits from visibility to approximately 50,000 vehicles per day along Broadway Boulevard.
“Tucson is expected to continue growing at a steady pace through 2027, with east Tucson benefiting from major employers in defense, optics and technology manufacturing, as well as the region’s healthcare and biotech sectors,” said Richard Butler, senior managing director investments. “Those economic drivers continue to support investor demand for well-located retail properties in established commercial corridors.”
Butler, investment specialist in Marcus & Millichap’s Phoenix office, represented the buyer, Paramount Legacy Properties LLC in this all-cash transaction. The seller, AC Tucson Retail LLC, was represented by Nick Miner, senior vice president of investment sales at Orion Investment Real Estate.
The property is located at 5975 E. Broadway Blvd. and is occupied by Cost Plus World Market and D-BATs, who was recently added after the seller completely renovated the project which was built in 2000 on approximately 4.25 acres. The center shares a parking field with Best Buy and is located directly across from Park Place Mall, a 1.1 million-square-foot regional shopping center. The property benefits from visibility to approximately 50,000 vehicles per day along Broadway Boulevard.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
