12350 Vistoso Park RdOro Valley, AZ 85737

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

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.

• Alternative Use

  Use

  Valuation

  Residential

  $9,728,917

  Hospitality

  $8,911,635

  Educational

  $7,414,376

  Medical

  $7,669,368

  Retail

  $11,533,474

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

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