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Property Detail

East Pima Street
Owner/user or investor opportunity to capitalize on available owner financing and solid in-place .
$1,189,350

Description

  • Owner/user or investor opportunity to capitalize on available owner financing and solid in-place income through an array of professional tenants.
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  • 5232 E Pima Street is a remodeled office complex with a gated courtyard, ample parking, an on-site property manager, and building signage.
  • Adjacent to the Sun Tran bus line off E Pima Street and N Beverly Avenue, providing quick access to the Tucson Medical Center and Park Place.
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  • Nearby amenities include McDonald’s, Sprouts, Trader Joe's, Starbucks, Costco, Big 5 Sporting Goods, Planet Fitness, and Domino's.

Executive Summary

5232 E Pima Street is an 8,810-square-foot freestanding, one-story office in a park-like environment in Tucson, Arizona. This is a one-of-a-kind opportunity to own and occupy an office asset with in-place income and owner financing options available. The property has multiple tenants on various term leases who are open to signing longer-term leases and have upside potential to raise rents.

The building, remodeled from 2014 to 2016, presents a brand-new 25-year metal roof (with a warranty transferable to the new owner) and refurbished interiors. The office suites have private restrooms/showers, kitchenettes, private offices, and conference rooms. Tenants enjoy the quiet campus-style setting with a gated courtyard that leads to the parking lot, which has 30 surface spots and eight covered spaces.

Located with prime frontage off E Pima Street, traveled by over 24,950 vehicles daily, the office complex offers highly visible building signage. 5232 E Pima Street is off the Sun Tran bus line, routing northwest to Udall Park and southwest to the Pima College—West Campus. Many nearby shopping, dining, and entertainment amenities, including the Park Place Mall, lie within a five-mile radius of the property. Centrally located for medical tenants, the offices are minutes from the Tucson Medical Center, Pima Medical Institute, and the Arizona College of Nursing at The William Center.

5232 E Pima St

Listing ID : 00918

SKU: 918

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Price History

DateEventPrice
December 16 2024Listed$1,189,350.00