3085 Ina Rd Tucson, AZ 85741-2380
- Office Properties & Spaces
- 1,659 SF
- 0.04 lot acres
Current Use by Public Records
- Michael Drake, Attorney at Law / Attorney / Law Firm
- Dr. James Sather / Endodontist
- Anne Stolcis / Dentist
- Dr. Thomas Schuh / Endodontist / Dentist
- Alexandre Aalam / Dental Implants Periodontist
Property Details for 3085 Ina Rd
- Year built
- 2006
- Construction
- FRAME
- Lot size
- 0.04 lot acres
- Property size
- 1,659 SF
- Property type
- Office Properties & Spaces
- APN
- 101-24-003C
- APU
- 10124003C
Description
This 3,172 sq ft Class A medical office building in Tucson, AZ, offers a compelling investment opportunity. Located at 3085 W Ina Rd, Suite 101, this single-tenant property boasts a strong 6.54% cap rate and a substantial remaining lease term of approximately six years, expiring December 31, 2030. The property, built in 2006 and renovated in 2022, is 100% occupied by Valley Endodontics & Oral Surgery, a well-established and reputable tenant with a long history at this location since the building's construction. The lease is a Net Lease (NNN), meaning the tenant is responsible for all property taxes, insurance, and maintenance, minimizing landlord responsibilities. The lease includes a favorable 3% annual rent increase, providing consistent income growth. The property is situated within the Ina Corporate Park, a well-maintained office condominium development conveniently located near major roadways and Northwest Medical Center. The building features prominent signage rights on Ina Road, enhancing visibility and tenant appeal. The property's zoning is TR, Pima County. This investment presents a stable, high-return opportunity in a desirable location. The asking price is $1,179,000, translating to a price per square foot of $371.69. The Net Operating Income (NOI) is $77,121. The property is part of a 14-building complex on approximately 11.98 acres. This is a single-story building.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $440,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $340,000
- 6.5%
- $315,000
- 7%
- $290,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $555,000
- AI Estimate
- $388,000
Market price range: $469k - $683kMarket price range: $260k - $508k
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Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -111.032
- Latitude
- 32.3369
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA