For Sale: Wildcat Storage - Downtown Tucson, AZ

657 W. St. Marys Rd.
Tucson, AZ 85701
United States

Sale Price (Total)
$3,500,000.00
Property Type  Industrial
For Sale / Lease
For Sale
Building Type
Income / Investment
Year Built
1957
Parcel #
116-19-156B
Building Size
53578 SF
Land Size
2.19 AC
Zoning
I-1 City of Tucson

Description
Colliers International is pleased to present the opportunity to acquire Wildcat Storage, a ±56,129 SF mixed-used self-storage and incubator property located at 657 W. St. Mary’s Rd. in Downtown Tucson, AZ. The property consists of ±53,578 SF of net rentable area between three buildings. The traditional climate-controlled storage units are located in the ±30,595 SF building #1 and the remaining two buildings are occupied with climate-controlled wholesale commercial spaces. The property was converted in 2005 from an old, door-manufacturing facility that was home to the Arizona Sash & Door Company who occupied the property since the 1950s. Wildcat Storage has been a resilient project since its inception, consistently performing through the rough economic conditions as well as a major road construction on St. Mary’s Road. The offering provides the investor an opportunity to acquire a one-of-a-kind infill investment property that caters to the innovative and creative people who call Tucson home.

Wildcat Storage is physically 95% leased with upside potential to improve gross income through adjustments on existing tenants. There is an under-collection of the current tenant base at market rates, putting the economic occupancy at 80%. There are multiple opportunities to improve gross income including under-collected CAM reimbursement and parking income.

Contact Tyler Bush - tyler.bush@colliers.com for full offering package.
Features
Income / Investment
Map
Address
Advertiser
Colliers International
Tyler Bush
14080 N. Northsight Blvd. Scottsdale
85260
Colliers International Tyler Bush
Facebook

View Count 162