300 S Craycroft Rd
Tucson, AZ 85711
Office Property For Sale

Marcus & Millichap is pleased to present the opportunity to acquire 300 S. Craycroft Road, a well located, institutional quality Class A office Asset in Tucson, Arizona (the "Property" or "Asset"). The Offering provides investors with a stabilized, two tenant office investment generating attractive in place yield, contractual rent growth, and durable cash flow from institutional and professional users, within a supply constrained corridor.
Investment highlights
- Institutional-quality Class A office building totaling ±42,000 RSF, originally developed in 2006
- Two-story parking structure providing an above-market parking ratio of ±7.00 spaces per 1,000 RSF, a key competitive advantage for high-employee-density occupiers
- Currently 100% occupied with 5.5-year WALT
- Brookline College executed a 10-year lease in 2022 taking the first, second, and third floor of the building
- iCR has occupied the 4th floor since 2019 and recently signed a 5-year extension demonstrating the importance of this Asset
- Annual rent increases of 3.0% for each of the tenants
- Centrally located within Tucson's most established office corridor, offering immediate access to Downtown Tucson, the University of Arizona, Davis Monthan Air Force Base, and Tucson International Airport
- Exceptional regional connectivity via Broadway Boulevard and Interstate 10, facilitating efficient commuter access across Midtown, Downtown, and the broader Tucson MSA