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Holderness Building Supplies 450 E Irvington Rd 45,012 SF Industrial Building Tucson, AZ 85714 $5,989,000 ($133.05/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 5-Year Lease with Strong National Tenant: Lease Commenced Dec. 2023 with US LBM Holdings, LLC, a building materials distributor with 400+ locations
- Main Warehouse Roof and Storage Sheds Replaced in 2024 to the tune of $699,946. 20-Year Material Warranty
- Functional Warehouse Layout with 8 Wide Grade-Level Roll-up Doors. Dock High Loading area with access to Rail Cars, 4 Grade-Level Doors, and a Ramp
- Long-Standing Site History The property has been a lumber yard for 50 years. Originally built by Georgia Pacific in 1974
- Recent Capital Improvements: an updated rail spur, LED Lighting, and new roofs. Tenant paid for upgrades to electrical, plumbing systems & more
- 10.93 Acre Parcel: Ample Laydown Yard Paved, Fenced, Gated | Virtually all the Acreage is Usable | Zoned (I-1) Light Industrial
EXECUTIVE SUMMARY
Preferred Real Estate Brokers is pleased to present an exclusive opportunity to purchase a US LBM Industrial Investment property located in Tucson, AZ. This is a single-tenant industrial investment property with outdoor storage, 100% leased to US LBM, a building material distribution company with over 400 locations nationwide. The Main Warehouse is 45,012 SF on 10.93 Acres zoned Light Industrial. There is ample outdoor storage space and an active rail spur. The site is located on a busy thoroughfare, only 1 mile from the I-10 entrance ramp, and 4 miles to the Tucson International Airport.
PROPERTY FACTS Under Contract
AMENITIES
- Fenced Lot
- Front Loading
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- US LBM
- Construction
- -
- -
- Single Net
- Nov 2028
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| US LBM | Construction | - | - | Single Net | Nov 2028 |
PROPERTY TAXES
| Parcel Number | 137-02-001D | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $312,517 |
PROPERTY TAXES
Parcel Number
137-02-001D
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$312,517
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Holderness Building Supplies | 450 E Irvington Rd
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