1440 E 15th St - Light Distribution FOR SALE


Tucson, AZ 85719- Barrio San Antonio
$8,225,000 USD
602-885-6359
1440 E 15th St, Tucson, AZ for Sale
$8,225,000 USD
Light Distribution - FOR SALE
1/10
null | 6.34% Cap Rate

1440 E 15th St
Tucson, AZ 85719
Barrio San Antonio


HIGHLIGHTS

  • Industrial Investment Opportunity - Cox Communications, Inc.
  • Absolute NNN Lease | Expires 2032 with 2 5-Year Options to Renew
  • $521,785 Year 2 NOI 6.34% Cap Rate
  • Seller to Credit Buyer Year 1 Rent Differential at Close of Escrow
  • Served as Cox Communications Southern Arizona Hub Since 1990
  • ±30,899 SF on ±4.86 AC - Full Interior Remodel 2024

OVERVIEW

Single-tenant industrial investment opportunity occupied by a subsidiary of Cox Communications, Inc. (S&P BBB, Moody's Baa2), located at 1440 E 15th St in Tucson, AZ. The ±30,899 SF property sits on ±4.86 acres and has served as Cox's Southern Arizona operations hub since 1990. The lease is structured on an absolute net basis through September 2032, with two five-year renewal options at fair market value, generating $521,785 in Year 2 NOI at a 6.34% cap rate. Seller to provide Buyer with Year 1 rent differential at Close of Escrow.

FOR SALE DETAILS

PRICE

$8,225,000 USD

PRICE/SF

$266 USD /SF

CAP RATE

6.34%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

231

LAND DETAILS

LAND ACRES

4.86

LAND SF

211,702

ZONING

P-I, Tucson

APN/PARCEL ID

124-14-0240,124-14-0250,124-14-0260,124-14-0270,124-14-0280,124-14-0290,124-14-0300,124-14-0310,124-14-0320,124-14-050A

ASK ABOUT THIS PROPERTY

Max Schumacher, SIORRein & GrossoehmeMore Info
602-885-6359

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Max Schumacher, SIORRein & GrossoehmeMore Info
602-885-6359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.