990 17th St, Tucson, AZ 85719-6648

This exceptional Class A, multi-tenant property at 990 E. 17th St, Tucson, AZ 85719, presents a compelling investment opportunity. Boasting 18,295 square feet of office and industrial space, the property is currently 100% occupied with two 5-year leases in place, each featuring a 3% annual rent escalation. The building underwent a comprehensive renovation in 2023, resulting in a distinctive, award-winning contemporary design. Sustainable features include solar power, climate-adaptive systems, and electric vehicle charging stations. Situated in a designated opportunity zone, this property benefits from a prime location near the University of Arizona, Downtown Tucson, and Tucson International Airport. Additional amenities include a private courtyard, secure fenced lot, bright skylights, an organic garden, 24-hour access, central heating, and high ceilings with abundant natural light. The property is zoned C-3 (City of Tucson) and features a Net Net Net (NNN) lease structure. The asking price is $1,299,000, representing a strong $71 per square foot and an attractive 8.36% capitalization rate based on a Net Operating Income (NOI) of $108,684. The property's APN is 124-17-0390 & 124-17-0400. This is a rare opportunity to acquire a high-performing, sustainable, and well-located commercial property in a thriving market.