Class A Two-Tenant Office
For Sale
Contact for pricing
300 S Craycroft Rd, Tucson, AZ 85711
Institutional-quality Class A office with two tenants at 300 S Craycroft Road in Tucson.
Property Size42,000 SF
Price / SF$213.33
Days on Market145
Property Features for 300 S Craycroft Rd
General Information
Standard status
Active
Size
42,000 SF
Class
A
Property subtype
Office
Zoning
PAD-1
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$709,185
Site & Location
Neighborhood
Williams Center
Building Details
Year Built
2006
Buildings
1
Stories
4
Units
7
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Tivon Moffitt · License #AZ BR639369000
(954) 547-7212
Source:
Crexi
Added: Jun 9
Changed: Oct 28
Last Checked: Oct 30 at 1:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Phoenix
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Investment Insights
Based on property information with market context.
300 S. Craycroft Road is an institutional-quality, Class A office asset offered for sale in Tucson, Arizona. The offering is structured as a stabilized, two-tenant office investment, providing durable in-place cash flow and contractual rent growth through the existing lease arrangements.
The property is presented to investors seeking a commercially established office platform supported by tenants described in the offering materials as institutional and professional users. With two tenants in place, the configuration is designed to support ongoing operating performance and long-term income durability within a supply-constrained office corridor, as characterized in the offering materials.
The property is presented to investors seeking a commercially established office platform supported by tenants described in the offering materials as institutional and professional users. With two tenants in place, the configuration is designed to support ongoing operating performance and long-term income durability within a supply-constrained office corridor, as characterized in the offering materials.
Key Highlights
- Institutional‑quality Class A office asset at 300 S Craycroft Road in Tucson, AZ
- Year built: 2006
- Stabilized investment with two tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$613,721
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,274,420
$12.3M
Cap Rate 7%
$8,767,443
$8.8M
Cap Rate 9%
$6,819,122
$6.8M
Market Conditions
NOI Build-Up for 42,000 SF
Gross rent
$907.2K $21.60/SF
− Vacancy
−$88.9K −$2.12/SF
EGI
$818.3K $19.48/SF
− OpEx
−$204.6K −$4.87/SF
NOI
$613.7K $14.61/SF
Area
Tucson, AZ
Vacancy
9.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,274,420
Cap Rate 7%
$8,767,443
Cap Rate 9%
$6,819,122
Alternative Uses
Best Use
Office B
$8.77M
$7.67M – $10.23M
NOI $613,721 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.91M
$9.55M – $12.73M
NOI $763,741 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
1,364
Businesses Nearby
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Business Placement
Demographics for 85711, AZ
41,518
Population
19,774
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
4,828
Density / Sq Mi
$52,358
Median Household Income
$35,130
Median Earnings
$1,001
Median Rent
$248,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tucson, AZ
Frequently Asked Questions
What type of property is this?
Office building - Institutional-quality Class A office with two tenants at 300 S Craycroft Road in Tucson.
Where is this office building located?
The property is located at 300 S Craycroft Rd Tucson, AZ.
What is the asking price?
The asking price for this property is $8,960,000.
What are key features of this property?
This property features: Institutional‑quality Class A office asset at 300 S Craycroft Road in Tucson, AZ; Year built: 2006; Stabilized investment with two tenants
