5055 E Broadway Blvd - Office FOR SALE


Tucson, AZ 85711- Poets Square
$9,800,000 USD
520-979-2262
5055 E Broadway Blvd, Tucson, AZ for Sale
$9,800,000 USD
Office - FOR SALE
1/4
null | 7.85% Cap Rate

5055 E Broadway Blvd
Tucson, AZ 85711
Poets Square


OVERVIEW

New World Plaza is situated at the northwest corner of Broadway and Rosemont in Tucson’s “East Central” office sub-market. This is the largest of Tucson’s office sub-markets with 10.4 million square feet of inventory and posting a year-end occupancy rate of 89%, compared to 88% overall in the city. Average rents in this sub-market are in the $22 - $23.50 SF per year range. New World Plaza is comprised of four interconnected garden-style office buildings totaling ± 91,865 square feet and includes two well appointed interior courtyards for the tenant’s enjoyment. Currently, New World Plaza is roughly 89% occupied and the major tenants have all renewed. Net Operating Income increased during 2024 is over $100,000 from the year before. There are 238 uncovered and 198 covered parking spaces for a total of 436 parking spaces. The buildings were constructed in 1974 and have been professionally managed and exceptionally well maintained.

FOR SALE DETAILS

PRICE

$9,800,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

7.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New World Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.04 AC

LAND SF

263,222 SF

ZONING

O3

APN/PARCEL ID

127-01-004C

ASK ABOUT THIS PROPERTY

Mark IrvinMark Irvin Commercial Real Estate Services LLCMore Info
520-979-2262

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Mark IrvinMark Irvin Commercial Real Estate Services LLCMore Info
520-979-2262

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