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2701 E Speedway Blvd 5,527 SF Vacant Office Building Tucson, AZ 85716 $1,820,000 ($329.29/SF) 5.46% Cap Rate
INVESTMENT HIGHLIGHTS
- U of A & Banner Medical Center PRIME LOCATION on a Corner Lot!
- Flexible multi-suite layout with elevator access
- Ideal for owner-user or investment strategy
- Priced below replacement cost in prime Tucson location
- Surrounded by high-traffic retail and dining
EXECUTIVE SUMMARY
Surrounded by high-traffic retail and dining—including Graze Burgers, eegee’s, and Raising Cane’s—the location benefits from strong visibility and walkability. Proximity to the University of Arizona ensures a steady flow of professionals, students, and service demand. With major thoroughfares like Speedway Blvd and nearby access to Himmel Park and Catalina United Methodist Church, the site is well-integrated into Tucson’s urban fabric. Whether for a single-user headquarters or multi-tenant investment, this property offers strategic positioning and built-in operational efficiency.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$146,293
|
$26.47
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,299
|
$0.78
|
| Effective Gross Income |
$141,994
|
$25.69
|
| Taxes |
$14,106
|
$2.55
|
| Operating Expenses |
$28,451
|
$5.15
|
| Total Expenses |
$42,557
|
$7.70
|
| Net Operating Income |
$99,437
|
$17.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $146,293 |
| Annual Per SF | $26.47 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,299 |
| Annual Per SF | $0.78 |
| Effective Gross Income | |
|---|---|
| Annual | $141,994 |
| Annual Per SF | $25.69 |
| Taxes | |
|---|---|
| Annual | $14,106 |
| Annual Per SF | $2.55 |
| Operating Expenses | |
|---|---|
| Annual | $28,451 |
| Annual Per SF | $5.15 |
| Total Expenses | |
|---|---|
| Annual | $42,557 |
| Annual Per SF | $7.70 |
| Net Operating Income | |
|---|---|
| Annual | $99,437 |
| Annual Per SF | $17.99 |
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Challenge Financial Service
- Finance and Insurance
- -
- -
- -
-
- Construction
- -
- -
- -
Delivering EXCELLENCE in all they do. Since its humble beginnings in 1937, Hensel Phelps has grown into a world-class builder, driven by a family of hard-working individuals. The company has expanded by exploring new markets and partnerships, investing in diversity and communities, and forging new opportunities. Hensel Phelps remains dedicated to serving its people, neighbors, partners, and all those who aspire to build a better future. Hensel Phelps is committed to continuing its legacy—not only through brick-and-mortar landmarks but also through the integrity of its team members. Over the years, the core values of Ownership, Integrity, Builder, Diversity, and Community have represented the company and every individual who makes its projects possible. These values, combined with an ambitious vision and a drive to succeed, define Hensel Phelps and will ensure its continued growth and excellence for generations to come.
- Larriva & Coughlin PLLC
- Professional, Scientific, and Technical Services
- -
- -
- -
- McEvoy, Daniels & Darey PC
- Public Administration
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Challenge Financial Service | Finance and Insurance | - | - | - | ||
|
|
Construction | - | - | - | ||
| Larriva & Coughlin PLLC | Professional, Scientific, and Technical Services | - | - | - | ||
| McEvoy, Daniels & Darey PC | Public Administration | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Features 6 executive offices, a conference room, reception, file and copy rooms, break room, and 2 public bathrooms. Lease range: $2,300–$4,054/month.
Located in Tucson’s thriving University District, Suite 201 at 2701 E Speedway Blvd offers a refined and functional office environment ideal for professional service firms, startups, or satellite operations. This second-floor suite is accessible via elevator and features a well-balanced layout that includes three executive offices, one oversized office, a reception area, and two public bathrooms. A built-in wet bar with refrigerator adds a hospitality touch, making the space suitable for client-facing operations or collaborative teams. The modified gross lease includes utilities and janitorial services, simplifying operational overhead for tenants. With lease rates starting at $900/month, Suite 201 presents a cost-effective solution in a high-demand corridor. The property’s location near the University of Arizona ensures consistent foot traffic, access to a skilled workforce, and proximity to dining, retail, and transit options. Nearby establishments such as Graze Burgers, eegee’s, and Raising Cane’s enhance the area’s vibrancy, while major thoroughfares like Speedway Blvd provide seamless connectivity across Tucson. Whether you’re expanding locally or relocating to a dynamic business hub, Suite 201 delivers a strategic blend of affordability, accessibility, and professional appeal.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 400-2,763 SF | Office | - | Now |
| 2nd Floor | 400-2,764 SF | Office | - | Now |
1st Floor
| Size |
| 400-2,763 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 400-2,764 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Floor
| Size | 400-2,763 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Features 6 executive offices, a conference room, reception, file and copy rooms, break room, and 2 public bathrooms. Lease range: $2,300–$4,054/month.
2nd Floor
| Size | 400-2,764 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Located in Tucson’s thriving University District, Suite 201 at 2701 E Speedway Blvd offers a refined and functional office environment ideal for professional service firms, startups, or satellite operations. This second-floor suite is accessible via elevator and features a well-balanced layout that includes three executive offices, one oversized office, a reception area, and two public bathrooms. A built-in wet bar with refrigerator adds a hospitality touch, making the space suitable for client-facing operations or collaborative teams. The modified gross lease includes utilities and janitorial services, simplifying operational overhead for tenants. With lease rates starting at $900/month, Suite 201 presents a cost-effective solution in a high-demand corridor. The property’s location near the University of Arizona ensures consistent foot traffic, access to a skilled workforce, and proximity to dining, retail, and transit options. Nearby establishments such as Graze Burgers, eegee’s, and Raising Cane’s enhance the area’s vibrancy, while major thoroughfares like Speedway Blvd provide seamless connectivity across Tucson. Whether you’re expanding locally or relocating to a dynamic business hub, Suite 201 delivers a strategic blend of affordability, accessibility, and professional appeal.
PROPERTY TAXES
| Parcel Number | 123-08-052B | Total Assessment | $106,637 |
| Land Assessment | $0 | Annual Taxes | $14,106 ($2.55/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
PROPERTY TAXES
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2701 E Speedway Blvd
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