8950 Oracle RdOro Valley, AZ 85704

Property Details for 8950 Oracle Rd

Year built

2007

Construction

FRAME

Lot size

4.44 AC

Property size (Sq ft)

22,814 SF

Property type

Office properties

Property subtype

Other office properties

APN

225-12-066E

APU

22512066E

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,521,460

  6.5%

  $3,250,579

  7%

  $3,018,395

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,796,250

  Geo Method

  $3,796,250

• Alternative Use

  Use

  Valuation

  Residential

  $4,030,718

  Hospitality

  $3,692,116

  Educational

  $3,071,797

  Medical

  $3,177,441

  Retail

  $4,778,351

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.3692

Longitude

-110.967

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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