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6898 Camino Martin Tucson, AZ 85741

9-Tenant Flex/Industrial Portfolio, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional value-add opportunity presents a 26,400 square foot, multi-tenant industrial business park in Tucson, Arizona's rapidly growing Northwest submarket. The property, built in 2004, consists of two single-story buildings housing nine tenants, boasting 100% occupancy. Each unit features desirable amenities including 14-foot ceilings, 10x12' roll-up doors, and three-phase power, complemented by a comprehensive sprinkler system. The park benefits from a prime location within a thriving area experiencing significant residential growth, with over 1,000 new housing units under construction within a one-mile radius. Currently operating at a significantly below-market average lease rate of $0.62 NNN, this presents a compelling opportunity for increased profitability. The property is zoned for heavy industrial use and offers a strong NOI of $197,340. This is a rare chance to acquire a well-positioned, high-demand industrial asset with substantial upside potential in a rapidly expanding market. The property's location in Pima County, at 6898 N Camino Martin, Tucson, AZ 85741, ensures easy access to major transportation routes and a robust workforce. This is a truly exceptional investment opportunity.

Highlights

  • 26,400 SF multi-tenant industrial park in Tucson, AZ.
  • Nine (9) tenants with 100% occupancy, generating $197,340 NOI.
  • Value-add opportunity with below-market lease rates averaging $0.62 NNN, compared to market rates of $0.78-$1.00 NNN.
  • Property features two (2) single-story buildings, built in 2004, with 14' ceilings, 10x12' roll-up doors, and 3-phase power.
  • Located in a high-demand area with low vacancy and turnover, surrounded by significant new residential development.
  • Zoned for heavy industrial use.

Property Details for 6898 Camino Martin

Property type
Warehouses, Industrial properties
Square Feet
26,400 SF
Class
B
Year Built
2004
Buildings
2
Stories
1
Units
9

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.332086522525
Longitude
-111.05608180217

FAQs

What type of property is this?
Warehouse - 9-Tenant Flex/Industrial Portfolio, High Occupancy
Where is the warehouse located?
The property is located at 6898 Camino Martin Tucson, AZ.
What are key features of this property?
This property features: 26,400 SF multi-tenant industrial park in Tucson, AZ.; Nine (9) tenants with 100% occupancy, generating $197,340 NOI.; Value-add opportunity with below-market lease rates averaging $0.62 NNN, compared to market rates of $0.78-$1.00 NNN.
How can I contact the broker?
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6898 Camino Martin
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