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12350 Vistoso Park Rd Oro Valley, AZ 85737

Sponsored
For Sale
$14,250,000

High-yield, 55,000 SF flex space, 100% occupied.

Property size:
55,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional 55,000-square-foot flex industrial building, situated on a 6.7-acre lot in Oro Valley, Arizona, presents a compelling investment opportunity. Constructed in 2013 as a build-to-suit for Securaplane Technologies, Inc., a leading aerospace subsidiary of Parker Hannifin (Moody's: Baa1), the property boasts a 100% occupancy rate with a long-term lease in place. The single-story building offers a strong, stable income stream with a current NOI of $909,875 and a 6.46% cap rate. The asking price is $14,250,000, translating to $259.09 per square foot. Recent capital expenditures include over $500,000 in roof upgrades, and the tenant has invested $375,375 in improvements. The property is strategically located within Innovation Park, a premier business park in Tucson's bioscience region, benefiting from the area's robust aerospace, defense, and technology sectors. The location offers easy access to high-end amenities, supporting employee attraction and retention. The property's design allows for potential future expansion of approximately 15,000 square feet, further enhancing its investment value. With a Class B rating and a NNN lease type, this property offers a secure and lucrative investment opportunity in a thriving market with low industrial vacancy rates (6.3% as of 4Q23). The ample parking (250 spaces per 1,000 sq ft) caters to the needs of the tenant and potential future expansion. This is a core+ investment with significant upside potential.

Property Features for 12350 Vistoso Park Rd

General Information

Property type
Flex space
Square Feet
55,000 SF
Class
B
Lot Size
291,852 SF

Building Details

Year Built
2013
Buildings
1
Stories
1

HighLights

  • Strong industrial investment fundamentals; record pricing and cap rate compression demonstrate sector resilience.
  • Tucson's booming aerospace and tech sectors fuel demand for industrial space, supporting high‑value jobs.
  • Tucson's industrial market shows strong growth, with low vacancy (6.3% in 4Q23) and high net absorption.
  • Located in Innovation Park, Tucson's premier 535‑acre business park, catering to high‑tech, aerospace, and life science firms.
  • Oro Valley's strong economy and skilled workforce, bolstered by quality education, enhance property value.
  • Prime location near upscale amenities, including Oro Valley Marketplace and hospitals, attracts and retains top talent.
Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Oro Valley
County
Pima
State
Arizona
Longitude
-110.9419708
Latitude
32.4288619

FAQs

What type of property is this?
Flex space - High-yield, 55,000 SF flex space, 100% occupied.
Where is this flex space located?
The property is located at 12350 Vistoso Park Rd Oro Valley, AZ.
What is the asking price?
The asking price for this property is $14,250,000.
What are key features of this property?
This property features: Strong industrial investment fundamentals; record pricing and cap rate compression demonstrate sector resilience.; Tucson's booming aerospace and tech sectors fuel demand for industrial space, supporting high-value jobs.; Tucson's industrial market shows strong growth, with low vacancy (6.3% in 4Q23) and high net absorption.
More about this property
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