Contacts
Property Details
- Property Type Other
- Property Size 39,380 SF
- Lot Size 2.47 SF
- Year Built 1980
- Date Updated May 23, 2025
Verrano Park is an ideal investment for the prudent investor. This two-story, garden-style community is 96% occupied and offers a peaceful, tranquil atmosphere—a lush oasis in the desert. It recently underwent a beautiful renovation, with 51% of the units and the leasing office upgraded.
Visit our property website to learn more and to request the offering memorandum.
There is an excellent opportunity for steady income and additional upside potential by completing renovations on the remaining 45 classic units, with rent premiums budgeted at $150 per unit—bringing the cap rate into the 7% range.
This infill location is surrounded by major employers, including Davis-Monthan Air Force Base (1.9 miles, 11,000 employees), Raytheon (8.6 miles, 12,000 employees), and St. Joseph’s Hospital (3.2 miles). Tucson is a growing center for medical, research, and high-tech industries, as well as a key hub for aerospace and defense. In recent years, Downtown Tucson and the University of Arizona—a Tier 1 research university—have experienced tremendous growth. Both are located approximately 8.4 miles from Verrano Park.
Reach out to the broker for more info on lease terms and amenities
Getting around
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Location
- City Tucson, AZ
- Neighborhood Stella Mann
- Zip Code 85730
- Market Tucson
Points of Interest
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2nd Street & Cherry Avenue
6.60 miles
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Helen Street & Warren Avenue
6.65 miles
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2nd Street & Highland Avenue
6.77 miles
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2nd Street & Olive Road
7.01 miles
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University Boulevard & Tyndall Avenue
7.11 miles
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Toole Avenue & 4th Avenue
7.27 miles
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4th Avenue & 9th Street
7.32 miles
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4th Avenue & 7th Street
7.39 miles
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Broadway Boulevard & 6th Avenue
7.42 miles
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Congress Street & 6th Avenue
7.44 miles
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Shell
0.32 miles
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QuikTrip
0.58 miles
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Circle K
0.62 miles
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Quik Mart
0.93 miles
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Fry's Fuel
1.06 miles
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Speedway
1.37 miles
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Blink
6.53 miles
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Tesla Supercharger
7.83 miles
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QT
3.71 miles
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Fantasy Island
3.91 miles
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Sun Tran Park & Ride
4.48 miles
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Houghton Road Park And Ride
4.74 miles
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Craycroft Parking
5.72 miles
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East Valencia Trailhead - Fantasy Island
5.98 miles
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Fantasy Island - Bunny Trailhead
6.01 miles
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Swan Road Parking
6.30 miles
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South Stadium Garage
6.33 miles
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Columbus Parking
6.45 miles
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Super 8 by Wyndham Tucson/East/D.M.A.F. Area
1.78 miles
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Hampton Inn & Suites
1.97 miles
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La Quinta Inn
2.09 miles
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Hilton Tucson East
2.19 miles
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Residence Inn Tucson Williams Centre
2.68 miles
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Residence Inn by Marriott Tucson Williams Centre
2.69 miles
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Courtyard Tucson Williams Centre
2.74 miles
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DoubleTree Suites
2.86 miles
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Embassy Suites
3.15 miles
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Sonesta ES Suites Tucson
3.15 miles
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Fry's Food and Drug
0.25 miles
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Walmart Neighborhood Market
0.28 miles
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Safeway
0.55 miles
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Albertsons
1.27 miles
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Carniceria el Novillo
1.28 miles
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Base Exchange
1.86 miles
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Natural Grocers
2.01 miles
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Ross
2.02 miles
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Gaslight Costume Shop
2.04 miles
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TJ Maxx
2.20 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.