9630 N Oracle Rd - Freestanding FOR SALE


Oro Valley, AZ 85704
$4,500,000 USD
520-240-4299
9630 N Oracle Rd, Oro Valley, AZ for Sale
$4,500,000 USD
Freestanding - FOR SALE
1/13
null | 5.85% Cap Rate

9630 N Oracle Rd
Oro Valley, AZ 85704


HIGHLIGHTS

  • Multi-Tenant Leased Investment

OVERVIEW

Multi-Tenant Leased Investment (Partial Sale Leaseback) Oro Valley, named the ‘Upscale Tech Mecca of Southern Arizona” by the Arizona Daily Star, is located northwest of Tucson and surrounded by the stunning Catalina and Tortolita Mountains. Key industries include aerospace and defense, bioscience, and other high-tech companies, of which the majority are located within Innovation Park. The town is committed to growing more startups in the bioindustry and has numerous incentives to assist in business development. The aerospace sector in Oro Valley generates over 2,000 jobs and is expected to increase by 124% in the next 5 years. This industry's labor cost is $1.38/hour below the national median. Oro Valley’s biggest player in the aerospace industry is Meggitt, which is also located in Innovation Park. Bioscience in Oro Valley is flourishing with 19 sites for high-tech and bioscience development. Users such as Roche Tissue Diagnostics, the University of Arizona Center for Innovation, Oro Valley Hospital, and Sigmalabs generate over 3,000 jobs for the local economy. The number of bioscience jobs has increased 93% over the last 5 years and is projected to increase by 195% in the next 5 years. Other emerging industries in Oro Valley include electronic vehicle battery manufacturing, thin film applications, optics, destination marketing and content management systems. Oro Valley was ranked not only as one of America’s best cities for its bioscience disciplines, but also for its quality of life. A distinct feature setting it apart from Tucson is its elevated lifestyle while maintaining an affordable cost of living. Families are drawn to the nationally ranked schools in Oro Valley such as BASIS charter school, Leman Academy of Excellence, and other institutions within the Amphitheater School District. The city provides a variety of activities including shopping, restaurants, and caters to an outdoor lifestyle with numerous trails perfect for hiking, biking, and horseback riding.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$563 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

El Corredor Retail - Bldg 5

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,858 SF

ZONING

PAD

APN/PARCEL ID

224-31-0400

ASK ABOUT THIS PROPERTY

Robert TomlinsonCushman & Wakefield | PICORMore Info
520-240-4299

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Robert TomlinsonCushman & Wakefield | PICORMore Info
520-240-4299

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