5055 E Broadway Blvd, Tucson, AZ 85711

New World Plaza is situated at the northwest corner of Broadway and Rosemont in Tucson’s “East Central” office sub-market. This is the largest of Tucson’s office sub-markets with 10.4 million square feet of inventory. Overall, the market posted a year-end occupancy rate of 86%, compared to 90% at the Property. Average rents in this sub-market are in the $22 - $24.00 SF per year range. New World Plaza’s quoted lease rate was recentlyincreased to $22.50, and still is below most other competing properties providing some opportunities for future rent growth. Currently, only 4 suites are available for lease, ranging from 1,700 to 3,250 SF.

New World Plaza is comprised of four interconnected garden-style office buildings totaling ± 91,865 SF, which includes two well appointed interior courtyards for the tenant’s enjoyment. The concrete tilt-up buildings were constructed in 1974 and have been professionally managed and exceptionally well maintained. The Property has 158, 2.5 ton HVAC heat pump roof mounted units, of which, 141 units have been replaced in the last 2 years. Only 17 units remain to be replaced. New World Plaza’s major tenants have all renewed their leases. The NOI increased during 2024, and is over $100,000 from the year before.

There are 238 uncovered and 198 covered parking spaces for a total of 436 parking spaces at the Property.