5415-5455 N Kolb Rd - Freestanding FOR SALE


Tucson, AZ 85750- Catalina Foothills
$10,925,000 USD
602-625-5151
5415-5455 N Kolb Rd, Tucson, AZ for Sale
$10,925,000 USD
Freestanding - FOR SALE
1/9
null | 6.97% Cap Rate

5415-5455 N Kolb Rd
Tucson, AZ 85750
Catalina Foothills


OVERVIEW

INVESTMENT HIGHLIGHTS » Rare Opportunity – Closely Held / Long Term Family Office Hold » High Quality Upscale Environment and Tenants » Unique/Pride of Ownership Asset » Desirable Area of Tucson with Wealthy Demographics » Below Replacement Costs » Well Maintained with High End Architecture and Facade » High Barriers of Entry to Market » New Bank/Credit Union Amortized and CMBS Interest-Only Debt Available » Upside in Leasing & Converting Some Leases to NNN TENANT HIGHLIGHTS » A synergistic confluence of uses including Health and Wellness, Cuisines and Spirits, Financial and, Vanity Services » Strong Tenant Lineup with 15 Year Average Historical Occupancy » 83% of the Occupied Space and 82% of the Income has an Average 20 Years Historical Occupancy » Long Term, Historical Tenants with Higher End Uses Satisfying the Wealthy Consumer Base Promotes Long Term Sustainability » Opportunity to Convert Modified Gross Leases to NNN LOCATION HIGHLIGHTS » 30-Minute Drive from Tucson International Airport » Well Located within the Submarket » Round-A-Bout Intersection Shared with a Bashas’ Grocery Store » Significant 50 to 100 Mile Regional Tourist & Consumer Draw for Golf/Vacation/Resorts (Phoenix/Tucson) » Very Close Proximity to Loews Ventana Canyon Resort, The Westin La Paloma Resort, Skyline Country Club and Hacienda del Sol Resort » Significant Population Growth of Tucson and Southern AZ (Sahuarita/Green Valley)

FOR SALE DETAILS

PRICE

$10,925,000 USD

PRICE/SF

$338 USD /SF

CAP RATE

6.97%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ventana Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

185

LAND DETAILS

LAND ACRES

3.38 AC

LAND SF

147,115 SF

ZONING

CB-1

APN/PARCEL ID

114-15-601B

ASK ABOUT THIS PROPERTY

Sanford BurstynArrow REISMore Info
602-625-5151

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Sanford BurstynArrow REISMore Info
602-625-5151

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.