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Off Market
1/12

4400 E Broadway Blvd
Tucson, AZ 85711


HIGHLIGHTS

  • PROFESSIONAL OFFICE BUILDING WITH HIGH BARRIERS TO ENTRY
  • PROXIMITY TO DOWNTOWN Tucson and The University of Arizona
  • VALUE ADD OPPORTUNITY
  • ACCESS TO A LARGE, DIVERSE AND WELL-EDUCATED LABOR POOL
  • SIGNIFICANT DISCOUNT TO REPLACEMENT COST
  • ATTRACTIVE ASSUMABLE LOAN :: $12.4 Million ($102 Per SF) :: 75% LTV :: 28% Leveraged IRR

OVERVIEW

4400 Broadway is an eight-story, multi-tenant office tower in Tucson, Arizona. Prominently located on Broadway Boulevard, the iconic and landmark tower is minutes from both downtown Tucson and the University of Arizona. At 80% occupancy, 4400 Broadway offers flexible floor plates providing suites from +250 SF to +12,000 SF and is leased to a diverse mix of tenants including banking, law, real estate, financial services, insurance, government, executive suites and other professional services. 4400 Broadway features clean contemporary lines and a unique park-like exterior with an expansive lawn and outdoor seating. The Property offers a first-class business environment with on-site amenities that include a bistro and café, fitness center, conference facilities, banking and ATM and a hair salon. In addition to the amenities on-site, the Property is within walking distance to numerous retailers, restaurants and hotels. Additionally, 4400 Broadway offers an ample parking ratio of 3.4/1,000 square feet via surface and covered-canopy parking spaces. Interstate 10, one of the main thoroughfares connecting Tucson with Phoenix and other major metropolitan areas in the southwest, is within a 15-minute drive of the Property. 4400 Broadway provides an investor the opportunity to acquire a well-maintained, income-producing, best-in-class, value-add office opportunity with tremendous upside, located in the heart of Tucson’s premier master-planned business community at a significant discount to replacement cost.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

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BUILDING DETAILS

PROPERTY NAME

4400 Broadway

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

121493

STORIES

8

BUILDING CLASS

A

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.55 AC AC

LAND SF

241,758 SF

ZONING

-

APN/PARCEL ID

126-15-011C