8950 N Oracle Rd - Office FOR SALE


Oro Valley, AZ 85704
$10,750,000 USD
520-783-3074
8950 N Oracle Rd, Oro Valley, AZ for Sale
$10,750,000 USD
Office - FOR SALE
1/13
null | 7.74% Cap Rate

8950 N Oracle Rd
Oro Valley, AZ 85704


HIGHLIGHTS

  • Irreplaceable property and location in desirable Oro Valley
  • Corporate HQ along State Route 77 (Oracle Rd) with easy access throughout So Arizona
  • Priced well below replacement costs, with the site built into the foothills of Pusch Ridge in the Catalina Mountains
  • Landlord favored structure of the NNN lease in place
  • Excellent 1031 exchange property, with 7 years of lease term and two 5 year extension options
  • Software tenant, backed by Granicus a global leader in government software, owned by Vista Equity Partners and Harvest Partners

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$10,750,000 USD

PRICE/SF

$261 USD /SF

CAP RATE

7.74%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

199

LAND DETAILS

LAND ACRES

4.61 AC

LAND SF

200,812 SF

ZONING

C-1, Town of Oro Valley

APN/PARCEL ID

225-12-066E

ASK ABOUT THIS PROPERTY

Jon O'SheaVAST Commercial Real EstateMore Info
520-783-3074

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Jon O'SheaVAST Commercial Real EstateMore Info
520-783-3074

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