Listing Agency: CBRE | Tucson d***@cbre.com Show Phone

Listed By: David Montijo Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 13 Last Checked: Aug 21 at 8:08AM

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Investment Insights

Based on property information with market context.

This office building, offering 22,736 square feet of space, is centrally located in Rio Neuvo, Tucson’s downtown revitalization project and Enterprise Zone. The property features a large building marquee and excellent visibility from I-10.

Key Highlights

• Excellent visibility from I‑10
• Centrally located in the heart of Rio Neuvo
• Tucson’s downtown revitalization project location

Property Analytics

Property Profile

Current Use

Carrington College College Stantec Consulting Services ... Consultant US Defense Contract ... Federal Government Office Office Of Disability Adjudication ... Corporate Office Social Security Administration, ... Government Office

Suggested Use

Top Pick Building Supply Storage Facility Electrical Service Grocery & Convenience Store Veterinary Clinic Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$4.20 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,520

Businesses Nearby

Explore this area Business Placement

Demographics for 85745, AZ

36,774

Population

17,662

Households

2.1

Avg Household Size

42

Median Age

45%

College-Educated

93%

High-School Grad

47.0 sq mi

ZIP Area

782

Density / Sq Mi

$68,608

Median Household Income

$40,353

Median Earnings

$1,128

Median Rent

$324,100

Median Home Value

Market

Lease Benchmarks for Tucson, AZ

$22.34 /SF/Yr

Avg Asking Price

$15–$30 /SF/Yr

Price Range

20,241 SF

Avg Space Size

This space is priced 25% above the average of $22.34 /SF/Yr.

Vacancy Rate% for Office in Tucson, AZ

8.9% 2019

9.1% 2020

9.6% 2021

10% 2022

8.8% 2023

10.2% 2024

9.5% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Centrally located office building with high visibility available for rent.

Where is this office building located?

The property is located at 201 North Bonita Avenue Tucson, AZ.

What is the lease rate?

The lease rate is $28 SF/Yr.

What are key features of this property?

This property features: Excellent visibility from I‑10; Centrally located in the heart of Rio Neuvo; Tucson’s downtown revitalization project location