This is an exceptional opportunity to acquire a single-tenant NNN office building located in Oro Valley, AZ, fully leased to Simpleview, a leading software company wholly owned by Granicus, Inc. Granicus is majority-owned by Vista Equity Partners and Harvest Partners, providing additional financial strength and stability.
The property is offered for $10,750,000 at a cap rate of 7.7%, with a net operating income of $832,378. The lease rate is currently $20.24 per square foot, with annual rent increases of 3%, ensuring steady income growth over the lease term, which runs until May 31, 2032.
The property features 41,134 rentable square feet, providing a price of $261 per square foot, making this an attractive investment opportunity for a high-credit tenant with a long-term lease in place.