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5785 S Belvedere Ave - Availability Details

5785 S Belvedere Ave, Tucson, AZ 85706

  • For Sale $2,652,000
  • City Tucson
  • Neighborhood Drexel - Alvernon
  • Zip Code 85706
  • Market Tucson
  • Property Type Industrial - Warehouse/Distribution
  • Property Size 16,750 Sqft
  • Lot Size 2.48 Acre
  • Date Updated 06 May, 2021
SEC Belvedere & Drexel
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Contacts

broker

David Blanchette

NAI Horizon

(520) 906-9446

Highlights

  • ?100% Occupied – NN Lease with Global Mining Service Tenant (2020 NN Charges: $0.13 SF/mo. / $1.55 SF/yr.)
  • ?±9 Years Remaining on Lease – Lease expires December 31, 2029
  • ?Expansion Option – Possible expansion opportunity of 10,000 SF on existing PAD behind Building #1
  • ?Strong Investment Opportunity – 6.25% Cap Rate & $165,751.00 NOI
  • ?Building Features – Two (2) CI-1 Light Industrial (Pima County) zoned buildings totaling 16,750 RSF. Both buildings offer a combination of office and warehouse space with clear height ranging from 20’ to 28’. Building #1 was built in 2001 and Building #2 was constructed in 2018.
  • ?Prime Location – Easy access from Interstate 10 and only 4 miles from Tucson International Airport
  • ?Signage Opportunity – Property has frontage on I-10 with signage opportunities
  • ?Strong Submarket – CoStar forecasts that the price per square foot for similar properties in the Northeast Tucson Industrial Submarket will continue to increase at a rate above that of the entire Tucson Metro Area.

Contact Listing Broker

broker

David Blanchette

NAI Horizon

(520) 906-9446

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