Alturas Capital Partners Acquires 75k SF Montesa Plaza retail center in Tucson for $14.2M ($188psf)

  • 3/5/2025

|

RE Daily News
• Subcategory:
• Tag:
• Additional Filters-Subcategory:
• Additional Filters-Tags: ,
• Company:

Alturas Capital Partners, an Idaho-based real estate investment and operating company, is pleased to announce the acquisition of Montesa Plaza, a 75,643-square-foot multi-tenant retail center spanning 7.2 acres in Tucson, Arizona. Montesa Plaza becomes Alturas Capital Partners’ first acquisition of 2025 and third multi-tenant retail asset in Tucson, reflecting the company’s continued expansion in the region. The property was 95% occupied at closing, providing strong in-place cash flow from a diverse tenant base. The center offers an additional upside through leasing and developing a vacant pad site.

Alturas Capital Partners
Joshua Utke | Director of Acquisitions

Additional Filters

Subcategory
Tags