2275 Ginter Rd Tucson, AZ 85706-5805
Property profile & analytics
2275 Ginter Rd Tucson, AZ 85706-5805
- Warehouses
- 11,250 SF
- 3.00 lot acres
Property ID
US07-1320536
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Ferguson Waterworks / Water Works Equipment Supplier / Irrigation Equipment Supplier
Property Details for 2275 Ginter Rd
- Year built
- 1998
- Construction
- FRAME
- Lot size
- 3.00 lot acres
- Property size
- 11,250 SF
- Property type
- Warehouses
- APN
- 140-28-018B
- APU
- 14028018B
Description
This fee-simple industrial property in Tucson, Arizona, presents a compelling investment opportunity. The 14,412-square-foot warehouse sits on a 3-acre lot and is 100% occupied by Ferguson Waterworks (NYSE: FERG), a highly reputable, BBB+ rated tenant with over 1,750 locations across the U.S. and Canada. The property benefits from a long-term net lease (NN+) with a remaining term of approximately 7 years, expiring December 31, 2031, and includes lease options for ten, five-year terms with a 10% rent increase each time. The current annual net operating income (NOI) is $127,200, resulting in a 6.00% capitalization rate. The lease commenced January 15, 1997, and includes a 10% rent increase effective January 1, 2027. Built in 1998, the property boasts a prime location in Pima County, strategically positioned between I-10 and I-19 freeways, offering easy access to the Tucson metro area. The property's location is within a dense industrial area with other national brands. Ferguson recently completed a $250,000 paving upgrade, demonstrating their commitment to the site. The asking price is $2,120,000, translating to $147.10 per square foot and $16.22 per square foot for land value. The property's strong tenant, long-term lease, and prime location make it an attractive investment for those seeking stable, passive income. The property's APN is 140-28-018B.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.938
- Latitude
- 32.1384
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$20,656
$39,203
$139,812
$179,015
-
$261,356
$932,081
$1,193,437
