12350 Vistoso Park Rd Oro Valley, AZ 85737
- Manufacturing properties
- 55,066 SF
- 6.70 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 12350 Vistoso Park Rd
- Year built
- 2013
- Construction
- FRAME
- Lot size
- 6.70 lot acres
- Property size
- 55,066 SF
- Property type
- Manufacturing properties
- APN
- 219-20-9400
- APU
- 219209400
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,210,000
- 6.5%
- $1,050,000
- 7%
- $1,100,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,030,000
- Geo Method
- $1,005,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,110,000
- Retail
- $1,040,000
- Mixed-Use
- $990,000
- Hospitality
- $1,010,000
- Educational
- $910,000
- Residential Income
- $1,135,000
- Energy
- $1,125,000
- Income-Based Land
- $955,000
- Food Service
- $975,000
Location Insight
- Map
- Local Demand
- City
- Oro Valley
- County
- Pima
- State
- Arizona
- Longitude
- -110.942
- Latitude
- 32.4289
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA
