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 & Drexelread more read less
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- ?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.
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