12350 Vistoso Park Rd Oro Valley, AZ 85737
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High-yield, 55,000 SF flex space, 100% occupied.
Property size:
55,000 SFProperty 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
Listing Agency: CBRE Phoenix Listing Agent: Geoffrey Turbow
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Oro Valley
- County
- Pima
- State
- Arizona
- Longitude
- -110.9419708
- Latitude
- 32.4288619
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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.