102 W 29th St - Food Processing FOR SALE


Tucson, AZ 85713- South Park
$2,405,970 USD
949-725-8446
102 W 29th St, Tucson, AZ for Sale
$2,405,970 USD
Food Processing - FOR SALE
1/25
null | 6% Cap Rate

102 W 29th St
Tucson, AZ 85713
South Park


HIGHLIGHTS

  • Industrial Food Processing Facility: Stable Tenancy and National Footprint
  • Robust Market and Economic Indicators
  • Advantageous Demographics and Location

OVERVIEW

Industrial Food Processing Facility: Stable Tenancy and National Footprint * FULLY OCCUPIED BY TUCSON FOODS | The property is fully leased to Tucson Foods, a brand that has redefined the gourmet tamale industry and grown into a household name. Started as a family-owned business in 2008, Tucson Foods has embraced a bold vision to bring authentic, handcrafted tamales to the national stage. This long-term tenancy, lasting until 2036, is supported by the company’s strong operational foundation and deep roots in Tucson, ensuring stability for this investment. * FLEXIBLE ZONING | There are approximately 22 parking spaces. The land area is ±36,945 square feet and the building floor area ratio (FAR) is ±0.33. Zoned SB-1, this property is suitable for a variety of commercial uses, making it a versatile and valuable addition to any investment portfolio. * STRATEGIC FACILITY | Purpose-built to align with Tucson Food’s growth trajectory, the property is designed with large-scale food production. This facility has played a critical role in its ability to scale operations efficiently. The infrastructure and layout are tailored to meet their evolving needs. Robust Market and Economic Indicators * ECONOMIC GROWTH IN TUCSON | Tucson is experiencing sustained economic growth, driven by population increases, a supportive business environment, and its emergence as a hub for regional commerce. In Q3 2024 the Central and Southwest submarket showed local vacancy rates at or below 1%. These favorable market dynamics create an ideal environment for Tucson Foods to thrive and expand. * STRONG JOB MARKET | In May 2024, LinkedIn ranked Tucson as the #1 fastest-growing market for hiring recent college graduates, who are often attracted to jobs in more affordable metros with a low cost-of-living and abundant high-paying opportunities, like Tucson. The region’s high-tech manufacturing sector is a primary driver of employment for new grads and will continue to fuel job growth in the region. * RISING DEMAND FOR LOCAL BRANDS | As consumers increasingly prioritize authenticity, quality, and sustainability in their food choices, Tucson Foods has positioned itself as a leader in this space with their deep roots and heritage in Tucson and expanding to markets Nationwide. Advantageous Demographics and Location * FOOD INDUSTRY RESILIENCE | Tucson’s designation as a UNESCO City of Gastronomy underscores its reputation as a global culinary destination. Tucson Food’s products reflect the city’s rich cultural and culinary heritage, creating a powerful connection with local and national audiences. Their ability to embody Tucson’s unique food culture enhances their story and strengthens their brand identity. * PRIME ACCESSIBILITY | Strategically located near Interstate 10, Interstate 19, State Route 210, and other major routes near the property provides Tucson Foods with logistical advantages that are critical for their operations. This accessibility supports efficient distribution, ensuring their products reach thousands of retail locations nationwide with ease. The property’s prime location ensures future operational scaling as demand continues to grow. * PROXIMITY TO AMENITIES | The property’s proximity to essential services, suppliers, and a skilled labor pool ensures operational efficiency for Tucson Foods. Access to high-quality resources allows the company to maintain its production standards and continue innovating, while the availability of local talent from the University of Arizona supports their ability to grow sustainably.

FOR SALE DETAILS

PRICE

$2,405,970 USD

PRICE/SF

$197 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Food Processing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

UTILITIES

Gas - Natural, Water - City, Sewer - County

CLEAR CEILING HT

25 Ft

DOCKS

3

DRIVE INS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.85

LAND SF

36,900

ZONING

CB-1

APN/PARCEL ID

118-22-354,118-22-355,118-22-356,118-22-357,118-22-358

ASK ABOUT THIS PROPERTY

949-725-8446

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949-725-8446

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