8950 Oracle RdOro Valley, AZ 85704

This exceptional Class A, 41,134 square-foot office building in Oro Valley, Arizona, presents a compelling investment opportunity. Located at 8950 N Oracle Rd, this single-tenant property boasts a 100% occupancy rate with a strong corporate guarantee from Granicus, Inc., a subsidiary of prominent private equity-backed firms. The building, constructed in 2007 and renovated in 2018, sits on a 4.61-acre lot and features 199 parking spaces. The current lease, commencing June 1, 2018, and expiring May 31, 2032, offers a remaining term of 7.5 years with two, five-year renewal options. The lease is a Triple Net (NNN) agreement, with the tenant responsible for all taxes, insurance, and maintenance. The asking price is $11,250,000, representing a compelling $273.50 per square foot and a 7.31% cap rate based on a Net Operating Income (NOI) of $822,277. Annual rent increases of 3% provide consistent income growth. The property is zoned C-1 and features a two-story building. This investment offers significant long-term stability and substantial returns, backed by a financially sound, high-credit tenant.