VA-Occupied Office
For Sale
Contact for pricing
Pending
3920 W LINDA VISTA BLVD, Tucson, AZ 85742
Office building offered as a zero-cash-flow structure with Department of Veterans Affairs tenancy.
Property Size24,075 SF
Days on Market179
Property Features for 3920 W LINDA VISTA BLVD
General Information
Standard status
Pending
Size
24,075 SF
Property subtype
Office
Occupancy
100%
Lease Type
Gross
Net Operating Income
$598,899
Building Details
Year Built
2021
Buildings
1
Stories
1
Units
116
Tenancy
Single
Listing Agency:
Thomas Company
Listed By:
Jeffrey Thomas · License #WA 116180
Source:
Crexi
Added: May 7
Changed: Oct 30
Last Checked: Nov 1 at 5:18AM
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 Thomas Company
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Investment Insights
Based on property information with market context.
This office building is offered as a zero-cash-flow structure with the Department of Veterans Affairs as the tenant. The listing notes an investment-grade tenant profile with an S&P rating of AA+.
The property is located at 3920 W Linda Vista Blvd in Tucson, AZ 85742. The building totals 24,075 square feet.
For buyers seeking an office asset with a single, credit-highlighted tenant, this offering presents a straightforward, income-focused investment format as described in the remarks.
The property is located at 3920 W Linda Vista Blvd in Tucson, AZ 85742. The building totals 24,075 square feet.
For buyers seeking an office asset with a single, credit-highlighted tenant, this offering presents a straightforward, income-focused investment format as described in the remarks.
Key Highlights
- Year built: 2021
- Office building with Department of Veterans Affairs tenancy
- Offered as a zero‑cash‑flow structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$351,794
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,035,880
$7.0M
Cap Rate 7%
$5,025,629
$5.0M
Cap Rate 9%
$3,908,822
$3.9M
Market Conditions
NOI Build-Up for 24,075 SF
Gross rent
$520.0K $21.60/SF
− Vacancy
−$51.0K −$2.12/SF
EGI
$469.1K $19.48/SF
− OpEx
−$117.3K −$4.87/SF
NOI
$351.8K $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%
$7,035,880
Cap Rate 7%
$5,025,629
Cap Rate 9%
$3,908,822
Alternative Uses
Best Use
Office B
$5.03M
$4.40M – $5.86M
NOI $351,794 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.25M
$5.47M – $7.30M
NOI $437,788 @ 7.0% cap · market cap 3.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
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Business Placement
Demographics for 85742, AZ
30,057
Population
12,725
Households
2.4
Avg Household Size
41
Median Age
42%
College-Educated
97%
High-School Grad
22.3 sq mi
ZIP Area
1,348
Density / Sq Mi
$96,550
Median Household Income
$51,952
Median Earnings
$1,636
Median Rent
$339,100
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 - Office building offered as a zero-cash-flow structure with Department of Veterans Affairs tenancy.
Where is this office building located?
The property is located at 3920 W LINDA VISTA BLVD Tucson, AZ.
What is the asking price?
The asking price for this property is $11,505,146.
What are key features of this property?
This property features: Year built: 2021; Office building with Department of Veterans Affairs tenancy; Offered as a zero‑cash‑flow structure
