695 W Saint Marys Rd - Self-Storage Facilities FOR SALE


Tucson, AZ 85701- Downtown Tucson
$5,500,000 USD
408-282-3829
695 W Saint Marys Rd, Tucson, AZ for Sale
$5,500,000 USD
Self-Storage Facilities - FOR SALE
1/12
null | 5.2% Cap Rate

695 W Saint Marys Rd
Tucson, AZ 85701
Downtown Tucson


HIGHLIGHTS

  • Self Storage & Commercial Flex space
  • ADDITIONAL and OPTIONAL 0.94 Acre parcel next door at 695 W St Marys ideal for expansion or retail
  • Stabilized occupancy with below market rents allowing for buyer upside

OVERVIEW

Colliers Self Storage is pleased to offer this Offering Memorandum for the stabilized self-storage and flex space asset located at 657 West Saint Marys Road, Tucson, AZ. Comprised of 42,483 rentable square feet across 253 total units, the property features a compelling mix of 215 storage units (14,773 NRSF), 37 commercial f|ex spaces (26,110 SF), and an on-site apartment unit. In addition to the self-storage facility, 695 W Saint Marys Road, Tucson, AZ 85701, an optional land parcel is available for $1,250,000 or $30/SF, offering further development opportunities and the potential to enhance the value of the self-storage asset. For the 2025 annualized projection, the self-storage facility is expected to achieve $477,810 in effective gross income, with a current physical occupancy of 91.8% and in-place unit occupancy of 86.9%. Average rental rates remain attractive at $1.07/SF (well below the submarket average of $1.56/SF), providing a strong foundation for future rent growth potential as rates normalize to market. Operating expenses for 2025 are projected at $220,747, yielding a trialing twelve month net operating income (NOI) of $257,063.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wildcat Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,396 SF

ZONING

I-1, Tucson

APN/PARCEL ID

116-19-156B,116-19-1600

ASK ABOUT THIS PROPERTY

Thomas de JongColliersMore Info
408-282-3829

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Thomas de JongColliersMore Info
408-282-3829

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