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12447484
12447483

610 S Park Ave, Tucson, AZ 85719-6735

TD
LC560763000, AZ 006367000
ArizonaFirst Properties
Batoun Herrington, CCIM
Listed by ArizonaFirst Properties, Batoun Herrington, CCIM
$3,300,000
1007 days on market
Updated 16 days ago
Opportunity zone

TUCSON MIXED USE-OZ-OFFICE, INDUSTRIAL, EVENTS

Details
APN 124-15-004A
Property Type Industrial, Mixed Use (+2)
Sub Type Creative Office, Manufacturing (+1)
Square Footage 21,094
Occupancy 100%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Pro-Forma Cap Rate 6.93%
Pro-Forma NOI $228,798
Price per SqFt $156
Broker Co-Op Yes
Year Built 1954 Ongoing renovation
Year Renovated Ongoing Repurposed Warehouse
Buildings 1
Stories 1
Lot Size (SqFt) 29,717
Zoning I-1 City of Tucson
Parking Spaces 14 spaces
Parking Per SqFt 0.66
Investment Type Owner/User
Ceiling Height 30
Dock High Doors 2
Ownership Fee Simple

Diverse Income Stream!

Marketing description

Nothin like this offering in Tucson! . OPPORTUNITY ZONE!

Mixed use property- 1950's repurposed 21,094 SF warehouse in booming downtown Tucson. Close to Hotels, Entertainment and Restaurants, this is an ideal location for the co-working offices and executive suites which are usually 100% occupied. They are tastefully decorated and furnished with a funky railroad vibe. They are supplied with fiber optic internet and the building is well secured. But this is only one income source for this unique property.

A solid income stream is provided by a long term industrial manufacturing operation on the opposite end of the offices.. Their custom furniture and window coverings are in great demand and this successful tenant will remain. But that’s not all!

A third source of income is provided by a successful event center in the center of the building. Weddings, Class Reunions, Family events, and Business Conferences and training have all hosted events at the Rail Yard. Prior customer lists will be provided to the new owner. Events could be operated by the owner or the space could be leased out to an event operator. Health has prevented the seller from fully utilizing this solid income stream. All furniture, fixtures and equipment are included in the offering.

All Financial information will be provied with a Non-Disclosure Agreement.

Investment highlights

  • Iconic Propety with diverse income stream!
  • Proven track Record.
  • Fiber Optic Internet
  • The RAIL YARD name is trademarked and is included in the offering
  • Fully Sprinklered
  • ADA Compliant Rest Rooms
  • 3 Phase Electric with 480 Vold Switch-Gear
  • Solid Dieverse income stream with upside. Financials w/NDA
  • Furniture, Fixtures and Equipment Included
  • OPPORTUNITY ZONE!
  • Possible Exchange

Listing Contacts

TD
LC560763000, AZ 006367000
ArizonaFirst Properties
Batoun Herrington, CCIM
Listed by ArizonaFirst Properties, Batoun Herrington, CCIM

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