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1440 E 15th St 30,899 SF Flex Building Tucson, AZ 85719 $8,225,000 ($266.19/SF) 6.34% Cap Rate
Investment Highlights
- Industrial Investment Opportunity - Cox Communications, Inc.
- $521,785 Year 2 NOI 6.34% Cap Rate
- Served as Cox Communications Southern Arizona Hub Since 1990
- Absolute NNN Lease | Expires 2032 with 2 5-Year Options to Renew
- Seller to Credit Buyer Year 1 Rent Differential at Close of Escrow
- ±30,899 SF on ±4.86 AC - Full Interior Remodel 2024
Executive Summary
Single-tenant industrial investment opportunity occupied by a subsidiary of Cox Communications, Inc. (S&P BBB, Moody's Baa2), located at 1440 E 15th St in Tucson, AZ. The ±30,899 SF property sits on ±4.86 acres and has served as Cox's Southern Arizona operations hub since 1990. The lease is structured on an absolute net basis through September 2032, with two five-year renewal options at fair market value, generating $521,785 in Year 2 NOI at a 6.34% cap rate. Seller to provide Buyer with Year 1 rent differential at Close of Escrow.
Property Facts
| Price | $8,225,000 | Lot Size | 4.86 AC |
| Price Per SF | $266.19 | Rentable Building Area | 30,899 SF |
| Sale Type | Investment NNN | No. Stories | 2 |
| Cap Rate | 6.34% | Year Built | 1988 |
| Property Type | Flex | Tenancy | Single |
| Property Subtype | Light Distribution | Parking Ratio | 7.5/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | P-I, Tucson - unobtrusive corporate business centers, wholesaling & manufacturing activities, & other agriculture, civic, commercial, industrial, storage uses | ||
| Price | $8,225,000 |
| Price Per SF | $266.19 |
| Sale Type | Investment NNN |
| Cap Rate | 6.34% |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | B |
| Lot Size | 4.86 AC |
| Rentable Building Area | 30,899 SF |
| No. Stories | 2 |
| Year Built | 1988 |
| Tenancy | Single |
| Parking Ratio | 7.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | P-I, Tucson - unobtrusive corporate business centers, wholesaling & manufacturing activities, & other agriculture, civic, commercial, industrial, storage uses |
Amenities
- Bus Line
- Fenced Lot
- Security System
- Signage
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Information
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99,999 SF
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$9.99
-
Lorem Ipsum
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Jan 0000
Cox Communications began as part of Cox Enterprises, a family-owned business founded in 1898 by James M. Cox, and grew into a communications company focused on residential and commercial connectivity. The company provides broadband internet, cable television, mobile service, home phone, smart home offerings, and related network and cloud services through fiber-powered wireline and wireless connections. Cox serves homes and businesses across a broad U.S. footprint and continues to invest in network infrastructure and digital inclusion initiatives.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Information | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
40/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 124-14-050A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $458,442 |
Property Taxes
Parcel Number
124-14-050A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$458,442
Contacts
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Max Schumacher, SIOR -
Patrick Sheehan -
Jack Hansen -
Mia Moilanen -
Rein & Grossoehme
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