Harrison Professional Plaza 1020 S Harrison Rd 15,143 SF 100% Leased Office Building Tucson, AZ 85748 $2,275,000 ($150.23/SF) 7.50% Cap Rate

Cushman & Wakefield | PICOR is pleased to present the outstanding opportunity to acquire Harrison Professional Plaza, a high-quality retail and executive office mixed-use investment property ideally situated at the signalized corner of Harrison Rd and Old Spanish Trail, one of Eastern Tucson’s primary business and retail corridors. The two-story building combines for ±15,143 total square feet and is currently fully occupied by four quality tenants. The property additionally includes 74 total parking spots, an elevator, and boasts gorgeous modern architecture and beautiful landscaping, making it a highly desirable home for a variety of retail and office tenants alike.
Harrison Professional Plaza is 100% leased by a diverse mix of established brand-name businesses, consisting of ATI Physical Therapy, Edward Jones, Legends Residential Care, and The Pain Institute of Southern Arizona, all of which occupy the property on a long-term basis providing a purchaser with stable underlying income for years to come. Located at the corner of Harrison Rd and Old Spanish Trail, the property benefits from ease of ingress/egress, making it ideally situated in a desirable and dense business and trade area with incredible proximity to an abundance of nearby amenities, restaurants, and the Old Spanish Trail Shopping Center directly across the road to the southeast. Constructed in 2012, the property has been incredibly maintained by the current owner and additionally benefits from being surrounded by a vast number of residences and households within just a few miles, many of which are newly constructed subdivisions in Tucson’s fast-growing Southeast market.
As a 100% stabilized and cash flowing mixed-use investment benefiting from a diverse mix of long-term tenants, Harrison Professional Plaza is an excellent acquisition for an investor seeking a top-tier asset at well-below replacement value.