32,400-SF Fiesta Plaza Goes For About $1.8

TUCSON-The Saia Family LP, headed by Gabriel Saia, has spent about $1.8 million for Fiesta Plaza, a 32,400-sf retail center at 5550 S. 12th Ave. on the city’s south side. The sale price equates to nearly $56.80 per sf.

Seller 12th Avenue Partners, a Tucson-based real estate investment partnership, has owned the center for three years. Broker Dale Webber of the Tucson office of Marcus & Millichap has represented the principals in the transaction.The property is situated about two miles south of the split between Interstates 10 and 19 and less than a half mile from Interstate 19, the main artery leading into Mexico.