2275 Ginter RdTucson, AZ 85706

Property Details for 2275 Ginter Rd

Year built

1998

Construction

FRAME

Lot size

3.00 AC

Property size (Sq ft)

11,250 SF

Property type

Warehouses

APN

140-28-018B

APU

14028018B

Description

This fee-simple industrial property in Tucson, Arizona, presents a compelling investment opportunity. The 14,412-square-foot warehouse sits on a 3-acre lot and is 100% occupied by Ferguson Waterworks (NYSE: FERG), a highly reputable, BBB+ rated tenant with over 1,750 locations across the U.S. and Canada. The property benefits from a long-term net lease (NN+) with a remaining term of approximately 7 years, expiring December 31, 2031, and includes lease options for ten, five-year terms with a 10% rent increase each time. The current annual net operating income (NOI) is $127,200, resulting in a 6.00% capitalization rate. The lease commenced January 15, 1997, and includes a 10% rent increase effective January 1, 2027. Built in 1998, the property boasts a prime location in Pima County, strategically positioned between I-10 and I-19 freeways, offering easy access to the Tucson metro area. The property's location is within a dense industrial area with other national brands. Ferguson recently completed a $250,000 paving upgrade, demonstrating their commitment to the site. The asking price is $2,120,000, translating to $147.10 per square foot and $16.22 per square foot for land value. The property's strong tenant, long-term lease, and prime location make it an attractive investment for those seeking stable, passive income. The property's APN is 140-28-018B.

• CAP approach

  CAP return

  Valuation

  6%

  $3,815,540

  6.5%

  $3,522,030

  7%

  $3,270,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,995,200

  Geo Method

  $2,995,200

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,725,330

  Mixed-Use / Specialty

  $1,655,540

  Hospitality / Lodging

  $1,131,770

  Office

  $1,579,430

  Institutional / Educational

  $1,698,360

  Residential Income

  $1,987,080

  Multifamily

  $2,735,970

  Automotive / Energy

  $1,455,730

  Parking / Income-Based Land

  $565,225

  Restaurant / Food Service

  $725,255

  Healthcare / Senior Housing

  $1,762,990

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.1384

Longitude

-110.938

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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