EXECUTIVE OVERVIEW
SHANNON PARK APARTMENTS REPRESENTS A COMPELLING OPPORTUNITY TO ACQUIRE A STABILIZED, WELL-MAINTAINED MULTIFAMILY ASSET IN ONE OF
SOUTHERN ARIZONA’S MOST DYNAMIC RENTAL MARKETS. POSITIONED ON 6.77 ACRES, THE PROPERTY OFFERS 68,592 RENTABLE SQUARE FEET AND IS
CURRENTLY OPERATING AT 97.7% OCCUPANCY, DEMONSTRATING BOTH STRONG TENANT DEMAND AND CONSISTENT MANAGEMENT PERFORMANCE.
WITH A PROVEN OPERATING HISTORY, INDIVIDUALLY METERED UTILITIES, AND TENANT-SUPPORTED COST STRUCTURES, SHANNON PARK APARTMENTS
DELIVERS AN IMMEDIATE 7.2% CAP RATE ON ACTUALS AND PROVIDES INVESTORS WITH DURABLE CASH FLOW AND LONG-TERM VALUE APPRECIATION
POTENTIAL.
PROPERTY HIGHLIGHTS
TOTAL LAND AREA: 6.77 ACRES
RENTABLE SQUARE FOOTAGE: 68,592 SF
YEAR BUILT: 1971
ZONING: R-2 MULTIFAMILY
OCCUPANCY: 97.7%
AMENITIES: CLUBHOUSE, SWIMMING POOL, LUSH LANDSCAPED GROUNDS
TENANT SERVICES: ON-SITE LAUNDRY FACILITIES WITH TENANT-PAID WASHERS & DRYERS
PARKING: 90 COVERED SPACES AND 55 UNCOVERED SPACES
MECHANICAL SYSTEMS: INDIVIDUALLY METERED GAS & ELECTRIC; INDIVIDUAL AC AND HEATING UNITS PER APARTMENT
UTILITIES: WATER BILLED BACK TO TENANTS
INVESTMENT METRICS
ASKING PRICE: $12,100,000
PRICE PER UNIT: $134,444
PRICE PER SQUARE FOOT: $172.47
CAP RATE (ACTUAL): 7.2%
INVESTMENT THESIS
SHANNON PARK APARTMENTS OFFERS INVESTORS A RARE BALANCE OF STABILITY, CASH FLOW, AND OPERATIONAL EFFICIENCY IN TUCSON’S STRONG
MULTIFAMILY MARKET. INDIVIDUALLY METERED UTILITIES AND A WATER BILL-BACK SYSTEM SIGNIFICANTLY REDUCE OWNERSHIP EXPENSES, WHILE
MATURE LANDSCAPING, A CLUBHOUSE, AND A POOL ENHANCE TENANT SATISFACTION AND RETENTION.
GIVEN ITS PROVEN OPERATING PERFORMANCE AND DESIRABLE LOCATION, SHANNON PARK IS POSITIONED AS AN ATTRACTIVE INVESTMENT FOR BUYERS
SEEKING:
STABLE IN-PLACE CASH FLOW SUPPORTED BY NEARLY FULL OCCUPANCY
OPERATIONAL EFFICIENCIES THROUGH TENANT-PAID UTILITIES AND SERVICES
LONG-TERM APPRECIATION POTENTIAL WITHIN THE GROWING TUCSON MULTIFAMILY MARKET
OFFERING CONDITIONS
ALL FINANCIAL DETAILS BEYOND THOSE PRESENTED HEREIN ARE AVAILABLE UPON REQUEST. INTERESTED PARTIES ARE ENCOURAGED TO CONTACT THE
LISTING AGENTS FOR A FULL FINANCIAL PACKAGE, RENT ROLL, AND SUPPORTING DUE DILIGENCE MATERIALS.