8474 Speedway Blvd Tucson, AZ 85710-1715

Property Details for 8474 Speedway Blvd

Year built

2005

Construction

FRAME

Lot size

0.27 lot acres

Property size

1,984 SF

Property type

Office Properties & Spaces

APN

133-25-186G

APU

13325186G

Description

This exceptional investment opportunity presents three fully occupied, Class B office buildings totaling 7,284 square feet on a 0.781-acre lot in Tucson, Arizona. Located on the highly trafficked Speedway Boulevard, this property boasts excellent visibility and accessibility. The complex comprises three separate buildings (each separately parceled and metered), constructed between 2006 and 2007, with a combined 20 tenants under modified gross, month-to-month leases. The property features ample on-site parking (24 spaces total) and benefits from C-1 zoning. With a 100% occupancy rate and a pro-forma NOI of $72,297, this presents a strong value-add opportunity due to the potential for significant rent increases given the long-term tenants and the absence of rent bumps for the past decade. The asking price is $1,300,000, representing a pro-forma cap rate of 5.56% and a price per square foot of $178.47. Building sizes are approximately 1984, 2762, and 2538 square feet respectively. This is a rare opportunity to acquire a well-maintained, multi-tenant office complex in a prime Tucson location.

Location Insight

City

Tucson

County

Pima

State

Arizona

Longitude

-110.811

Latitude

32.2351

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments