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Value-Add Office Acquisition
Value-add ~80,000 sf office building located in Tuscon, AZ. The property has stable tenancy with 18 tenants, including a single core credit tenant that occupies ~50% of the building. Current leases are below market and are expiring in the near term. Building is one of a kind for the region, demand driven rent increases are expected 30% in the upcoming years. Building is professionally managed and well maintained. Asset is easily accessible to interstate 10 and conveniently located near hotels, shopping, and restaurants.
Tuscon, AZ
$26.5M Acquisition
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