7290 N Oldfather Dr - Apartments FOR SALE


Tucson, AZ 85741- Casas Adobes
$17,100,000 USD
602-714-1283
7290 N Oldfather Dr, Tucson, AZ for Sale
$17,100,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

7290 N Oldfather Dr
Tucson, AZ 85741
Casas Adobes


HIGHLIGHTS

  • 50 Dedicated Rental Townhomes, Swimming Pool, Office, & Common Area, Completed in 2024
  • All 3-Bed or 2-Bed / 2.5-Bath Unit Types (1,530 Average SF With a One-Car Direct-Access Garage)
  • Low Density - 11 Total Rental Buildings (3-5 Townhomes in Each Building)
  • Original Developer Sale
  • Offered All Cash / New Loan
  • Available Individually or With San Junipero (Sister Property ~8 Miles Away)

OVERVIEW

San Luciano Townhomes is a 50-unit, rental townhome community located in the Casas Adobes / Oro Valley submarket of Tucson, AZ. Situated on Old Father Drive just north of West Ina Road, residents enjoy access to Downtown Tucson directly via an approximate 20-minute drive. Within three miles of the property is Foothills Mall which is undergoing extensive redevelopment in the form of the UPTOWN project, receiving an estimated one-billion dollar budget to convert the shopping mall into an extensive 51-acre mixed-use development projecting 1,000 residential units, 500 hotel rooms, 500,000 SF retail space, and public market. During construction the Walmart Super Center, Barnes & Noble, and AMC theater remain open. Completed in 2024, the San Luciano Townhomes is constructed of wood frame and stucco with pitched asphalt shingle roofing. The property features an attractive unit mix which consists of five 2-bedroom / 2.5-bathroom townhome units and 45 3-bedroom / 2.5-bathroom units with a weighted 1,530 SF average, each equipped with a one-car direct-access garage and is individually metered for electricity with individual hot water heaters. Unit interiors feature air conditioning / heating, washer / dryer, walk-in closet, extra storage, and kitchens fully equipped with stainless steel appliance package which include refrigerator, oven / stove, microwave, dishwasher, and garbage disposal. The community also provides its residents with a swimming pool, barbecue grill, and ramada. Significant employers in proximity to the property include Banner University Medical Center South, Freeport-McMoRan, Walmart, Intuit, and the University of Arizona.

FOR SALE DETAILS

PRICE

$17,100,000 USD

PRICE/SF

$342 USD /SF

# OF UNITS

50

PRICE/UNIT

$342,000

CAP RATE

Request Cap Rate

% LEASED

62%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

San Luciano Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

94

LAND DETAILS

LAND ACRES

2.87 AC

LAND SF

125,017 SF

ZONING

-

APN/PARCEL ID

225-38-7400

ASK ABOUT THIS PROPERTY

Alon ShnitzerABI MultifamilyMore Info
602-714-1283

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Alon ShnitzerABI MultifamilyMore Info
602-714-1283

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