100% Occupied Industrial with Credit-Worthy Tenancy

7775 N Casa Grande Highway
Tucson, AZ 85743
United States

Property Type  Industrial
For Sale / Lease
For Sale
Building Type
Industrial
Building Size
71059 SF
Land Size
6.00 AC

Description
Investment Highlights

Mission Critical Facility With More Than $50M Invested By Tenant
100% Leased Industrial With Credit-Worthy Tenancy
Covid-Resistant Tenancy With 100% Collections
Extremely Tight Industrial Submarket Vacancy of 3.0% (5-Yr Average)
Exceptional Freeway Access and Visibility
Recent Capital Investment of More Than $800,000 By Ownership
Excellent NW Tucson Location Proximate to Retail Amenities

Offering Summary
Newmark Knight Frank (NKF) and RealINSIGHT Marketplace are pleased to present the opportunity to acquire 7775 N Casa Grande Hwy (the “Property”), a 71,059-square-foot industrial building located in the Optics Valley region of Tucson, Arizona. The building is currently 100% leased to two tenants: Leonardo US Electronics (88%) and Palese Proto Tech, Inc (12%). The current owners have meticulously maintained the Property and have invested over $800,000 in capital improvements over the last three years, including a new 20-year roof that was installed in 2017, and a new $200,000 chiller for the tenant’s cleanroom space.


7775 N Casa Grande Hwy is situated in the popular Northwest submarket of Tucson’s Optics Valley, which boasts a five-year average industrial vacancy of just 3.0%. As the market continues to tighten, demand for high-quality space will continue to grow, putting upward pressure on rents. The Property offers investors a secure cash flow stream from a well-positioned, credit-worthy tenant with a deep history at the Property that has heavily invested in their space and considers it a mission critical facility for their business
Features
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