12350 Vistoso Park RdOro Valley, AZ 85737

  • Industrial properties
  • 55,066 SF
For Sale
$14,250,000 View listing

Property Details for 12350 Vistoso Park Rd

Year built
2013
Construction
FRAME
Lot size
6.70 AC
Property size (Sq ft)
55,066 SF
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
219-20-9400
APU
219209400

Description

This exceptional 55,000-square-foot flex industrial building, situated on a 6.7-acre lot in Oro Valley, Arizona, presents a compelling investment opportunity. Constructed in 2013 as a build-to-suit for Securaplane Technologies, Inc., a leading aerospace subsidiary of Parker Hannifin (Moody's: Baa1), the property boasts a 100% occupancy rate with a long-term lease in place. The single-story building offers a strong, stable income stream with a current NOI of $909,875 and a 6.46% cap rate. The asking price is $14,250,000, translating to $259.09 per square foot. Recent capital expenditures include over $500,000 in roof upgrades, and the tenant has invested $375,375 in improvements. The property is strategically located within Innovation Park, a premier business park in Tucson's bioscience region, benefiting from the area's robust aerospace, defense, and technology sectors. The location offers easy access to high-end amenities, supporting employee attraction and retention. The property's design allows for potential future expansion of approximately 15,000 square feet, further enhancing its investment value. With a Class B rating and a NNN lease type, this property offers a secure and lucrative investment opportunity in a thriving market with low industrial vacancy rates (6.3% as of 4Q23). The ample parking (250 spaces per 1,000 sq ft) caters to the needs of the tenant and potential future expansion. This is a core+ investment with significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $9,728,917
    Hospitality
    $8,911,635
    Educational
    $7,414,376
    Medical
    $7,669,368
    Retail
    $11,533,474
12350 Vistoso Park Rd, Oro Valley, Arizona

Location Insight

City
Oro Valley
County
Pima
State
Arizona
Latitude
32.4289
Longitude
-110.942
CBSA code
46060
CBSA name
TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$79,300
$153,149
$636,827
$789,976
-
$1,020,996
$4,245,516
$5,266,512

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