4051 E Sunrise Dr - Office FOR SALE


Tucson, AZ 85718- Catalina Foothills
$9,065,000 USD
602-339-3131
4051 E Sunrise Dr, Tucson, AZ for Sale
$9,065,000 USD
Office - FOR SALE
1/7
null | 7.4% Cap Rate

4051 E Sunrise Dr
Tucson, AZ 85718
Catalina Foothills


HIGHLIGHTS

  • 100% leased to two high-credit tenants — Wells Fargo Advisors and Berkshire Hathaway–affiliated Long Realty — on NNN leases with annual escalations
  • 7.3-Year WALT
  • ±1 mile from La Encantada — Southern Arizona’s only luxury shopping center — with Westin La Paloma and La Paloma Country Club immediately southwest

OVERVIEW

•100% leased, two-tenant NNN asset anchored by Wells Fargo Advisors (through November 2035) and Long Realty, a Berkshire Hathaway–affiliated HomeServices of America company (through February 2032) •Both tenants just re-committed — Wells Fargo Advisors extended in January 2026 and is expanding into the building's final 2,508 SF; Long Realty extended through 2032 in July 2026 •Bond-like income with built-in growth — contractual annual escalations in both leases (±3%/year Long Realty; 2.3% CAGR Wells Fargo Advisors), delivering $673,483 in Year-1 NOI •A never-vacant track record — 40 consecutive quarters at 100% occupancy (Q2 2014–Q1 2024) and ±98.5% average occupancy over the last decade, straight through the pandemic and work-from-home era •Deep tenant roots — Wells Fargo Advisors in occupancy since 2008, Long Realty since 2007; both are original-era tenants approaching two decades in the building •Tucson's tightest submarket — Foothills vacancy of 2.3% (C&W Q1 2026) with zero SF under construction; the immediate competitive set of 13 boutique buildings is 99.2% leased with a single 2,200 SF suite available •Tucson's wealth belt — $175,150 average household income within three miles, 30.7% of households earning $200K+, and a $691,184 average home value Irreplaceable Catalina Foothills location — one mile from La Encantada (Southern Arizona's only luxury shopping center), The Westin La Paloma Resort & Spa, and the Jack Nicklaus Signature La Paloma Country Club •Genuinely low-touch NNN ownership — tenants contract and pay electric and janitorial directly; no base-year CAM budgeting or gross-up machinery

FOR SALE DETAILS

PRICE

$9,065,000 USD

PRICE/SF

$322 USD /SF

CAP RATE

7.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Paloma Office Center - Bldg 2

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

10 AC

LAND SF

435,600 SF

ZONING

TR

APN/PARCEL ID

108-12-025H

ASK ABOUT THIS PROPERTY

Eric WichtermanCushman & WakefieldMore Info
602-339-3131

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Eric WichtermanCushman & WakefieldMore Info
602-339-3131

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