For Sale
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1200 El Dorado PlTucson, AZ 85715

70,006 SF Office/Medical Plaza, 8% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
117
El Dorado Square, a stunning 70,000+ square foot Class A office and medical plaza in Tucson, Arizona, presents a unique investment opportunity. This multi-tenant property boasts nine one and two-story buildings, each situated on separate tax parcels within an Opportunity Zone. The Spanish Mediterranean architecture, complemented by lush landscaping and fountains, creates a welcoming and relaxed atmosphere. Currently at 40% occupancy, the property offers significant upside potential with a modified lease structure. The buildings are configured for multi-tenant use, providing a variety of suite sizes to accommodate diverse needs. Located in Tucson's central northeast area, the plaza enjoys convenient access to Speedway Boulevard and Wilmot Road, placing it minutes from an abundance of restaurants, shopping, medical services, and fitness facilities. The property includes 260 parking spaces and is zoned C-1. The asking price per square foot is $150, with an attractive 8% cap rate. This exceptional property offers a blend of aesthetic appeal, prime location, and strong investment potential.

Highlights

  • Prime location in a lush garden setting.
  • Buildings situated on separate tax parcels within an Opportunity Zone.
  • Excellent location near Speedway and Wilmot, with abundant shopping, dining, and medical facilities nearby.
  • Convenient access from Speedway Boulevard and Wilmot Road.
  • Multi-tenant buildings offering diverse suite sizes.

Property Details for 1200 El Dorado Pl

Property type
Office properties, Medical offices
Square Feet
70,006 SF
Class
A

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.2381756
Longitude
-110.8562698
1200 El Dorado Pl, Tucson, Arizona

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1200 El Dorado Pl
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