5320 La Cholla BlvdTucson, AZ 85741

Property Details for 5320 La Cholla Blvd

Year built

2007

Construction

FRAME

Lot size

5.95 AC

Property size (Sq ft)

27,622 SF

Property type

Office properties

Property subtype

Other office properties

APN

104-01-379K

APU

10401379K

Description

This exceptional 55,244-square-foot, two-story building in Tucson, Arizona, presents a unique investment opportunity. Built in 2008 and renovated in 2017, this Class B property boasts a single tenancy and is situated on a substantial 259,358-square-foot lot. The building features a 12-foot ceiling height and ample parking (6.33 spaces per 1,000 sq ft). Its versatile zoning (SP - Specific Plan - Includes CB-2 Users) allows for various uses, including medical office, research and development, and religious/church purposes. The asking price is $9,975,000, translating to $180.56 per square foot. Significant air rights of 259,358 square feet are also available. The property is offered fee simple, with no ground lease. This owner-user opportunity is ideal for businesses seeking a substantial and well-maintained facility in a prime Tucson location at 5320 N La Cholla Blvd, 85741, Pima County. The property includes a generator.

• CAP approach

  CAP return

  Valuation

  6%

  $4,435,826

  6.5%

  $4,094,609

  7%

  $3,802,137

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,596,301

  Geo Method

  $4,596,301

• Alternative Use

  Use

  Valuation

  Residential

  $5,077,316

  Hospitality

  $4,650,794

  Educational

  $3,869,406

  Medical

  $4,002,480

  Retail

  $6,019,076

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.3031

Longitude

-111.01

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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