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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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