$2,995,000
Tucson, AZ 85711
MLS# 22503480
27072 sqft
1 / 4
Property Description
Value Add or owner user investment opportunity. Multi-tenant medical and professional office complex anchored by LabCorp and Southern Arizona Endodontics. 5590 sf available to be backfilled for value add or occupied by an owner looking to office space and an investment
Details
Maps
Address Information
Street #: 1011
Direction: N
Street Name: Craycroft
Suffix: Road
State/Province: AZ
Zip Code: 85711
County: Pima
Country: USA
Location Tax Legal
Tax Code: 127-02-2790
Area: Central
Contract Information
Current Price: $2,995,000
List Price: $2,995,000
Listing Date: 2025-02-04
Status: Active
Method of Title: Fee (Simple)
Short Sale: No
General Property Information
Property Sub-Type: Professional/Office
Construction Status: Existing
# Units: 12
Total Parking: 111
Multi-Tenant: Yes
Year Built: 1959
Lot Dimensions: 600x575 ft
Lot Acres: 2.17
Lot Sqft: 96942
Lot Size Source: Assessor
Combined SqFt: 27072
Source of SqFt: Assessor
Leasable SqFt: 5590
List Price/SqFt: 110.63
Lot Size Price/SqFt: 30.89
Remarks Misc
Geo Lat: 32.234851
Geo Lon: -110.876611
Income
Gross Scheduled Rent: 365034
Net Opp Income: 213734.97
Analysis
Cap Rate %: 7.13
Vacancy Rate %: 20
Expenses
Figures Presented: Actual
Insurance: 9712.19
Taxes/Assessments: 47427.49
Other Expenses: 94059.35
Unit Information
Office: Business Park
Electric
Electric Company: TEP
Parking
Other: 111 parking spots
Property Features
Construction: Brick
Roof: Built-Up
Fenced Storage: No
Main Cooling: Central Air
Main Heating: Heat Pump
Water Heater: Electric
Gas: None
Sewer: Connected
Water: Public
Accessibility Option: Entry; Level; Wide Hallways
Fence: None
Landscape - Front: Decorative Gravel; Natural Desert; Shrubs; Trees
Landscape - Rear: Trees
Road Type: Chip/Seal; Paved
Parking: Free; Paved Parking
Business Location: Business Park; Office/Professional
Terms: Cash; Conventional
Submit With Offer: Proof of Funds
Listing Office: Larsen Baker, LLC
Last Updated: July - 21 - 2025
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