For Sale
$5,800,000

16733 Oracle RdTucson, AZ 85739

Tucson, AZ: 131 Units, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a stabilized Class A self-storage complex in Tucson, Arizona. The property boasts 131 units across two 1-story buildings, totaling 20,084 net rentable square feet on a 1.59-5.59 acre lot. Built and renovated in 2020, the facility features an impressive 18-foot ceiling height and ample parking for 40 vehicles. Currently operating with a 5.89% cap rate and $341,400 NOI, the pro-forma projections indicate a 6.78% cap rate and $393,380 NOI. The property is zoned CB-2 & CB-1 and includes a permitted 4-acre parcel across the street, ready for an additional approximately 39,000 square feet of self-storage development (plans available). This multi-parcel sale offers significant upside potential, with the existing facility generating strong cash flow and the additional land providing a clear path for expansion. The asking price is $5,800,000, representing $44,275 per unit and $330.30 per square foot. The sale is structured for a 1031 exchange. Detailed financial information and operational data are available upon request. This is a turnkey investment ideal for experienced investors seeking a high-performing asset with significant growth potential in a thriving market.

Highlights

  • Class A self-storage facility in Tucson, Arizona, with 131 units and 20,084 net rentable square feet.
  • Oracle Road frontage, offering excellent visibility and access.
  • Existing facility features 18-foot ceilings, ample parking (40 spaces), and strong cash flow ($341,400 NOI, 5.89% cap rate).
  • Pro forma projections show significant upside potential ($393,380 NOI, 6.78% cap rate).
  • Includes a permitted 4-acre parcel across the street, ready for expansion (approx. 39,000 sq ft). Existing expansion plans available.

Property Details for 16733 Oracle Rd

Property type
Self storage facilities
Square Feet
17,560 SF
Class
A
Year Built/Renovated
2020/2020
Buildings
2
Stories
1
Lot Size (sq. ft)
69,260 SF
Units
131

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.510382210447
Longitude
-110.92590188269
16733 Oracle Rd, Tucson, Arizona

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16733 Oracle Rd
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