Listing Agency: Larsen Baker, LLC

Listed By: Isaac Figueroa, CCIM, SIOR · License #AZ BR645511000

Source: Crexi

Added: Jun 26, 2021 Changed: Jul 10 Last Checked: Jul 29 at 2:12PM

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Investment Insights

Based on property information with market context.

Commercial space is available for lease at a property located on West Valencia Road in Tucson, Arizona.

Key Highlights

• For Lease

Property Analytics

Property Profile

Current Use

Office Spaces

Suggested Use

Top Pick Law Firm Parking Lot & Garage Grocery & Convenience Store Skin Care Clinic Gym & Fitness Center Garden Center

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

$1.80 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

38

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 85746, AZ

43,278

Population

16,345

Households

2.6

Avg Household Size

36

Median Age

18%

College-Educated

84%

High-School Grad

115.9 sq mi

ZIP Area

373

Density / Sq Mi

$68,506

Median Household Income

$35,838

Median Earnings

$1,280

Median Rent

$225,200

Median Home Value

Market

Lease Benchmarks for Tucson, AZ

$35.44 /SF/Yr

Avg Asking Price

$0.91–$407 /SF/Yr

Price Range

10,343 SF

Avg Space Size

This space is priced 66% below the average of $35.44 /SF/Yr.

Average Price Trend$/SF/Yr for Office Spaces in Tucson, AZ

$21.41 Jan

$19.49 Feb

$19.49 Mar

$13.9 Apr

$14.34 May

$15.28 Jun

Properties on Market for Office Spaces in Tucson

Jan

Feb

Mar

Apr

May

Jun

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 spaces 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 space - Commercial space available for lease on Valencia Road.

Where is this office space located?

The property is located at 2940-3000 W Valencia Road Tucson, AZ.

What is the lease rate?

The lease rate is $12 SF/Yr.

What are key features of this property?

This property features: For Lease