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695 W Saint Marys Rd - Wildcat Storage 53,581 SF Specialty Building Offered at $3,950,000 at a 6.67% Cap Rate in Tucson, AZ 85701
Investment Highlights
- Self Storage & Commercial Flex space
- Stabilized occupancy with below market rents allowing for buyer upside
- ADDITIONAL and OPTIONAL 0.94 Acre parcel next door at 695 W St Marys ideal for expansion or retail
Executive Summary
Excellent Self-Storage Investment Opportunity in the Heart of Tucson, AZ
The De Jong Self Storage Team is pleased to offer this stabilized self-storage and small bay flex commercial asset located at 657 West Saint Marys Road, Tucson, AZ.
Located just 2.2 miles from the University of Arizona with a permanent population of over 100,000 people within a 3-mile radius, this property represents a robust value-add opportunity for the right operator.
Property Overview:
• 42,483 rentable square feet across 253 total units
• 215 storage units (14,773 NRSF)
• 37 commercial flex spaces (26,110 SF)
• One on-site apartment unit
• Optional 0.94 acres of prime land available at the intersection of the I-10 frontage road and W St Marys Rd (adjacent to University of Arizona)
The Numbers:
• In-place NOI: $263,649
• Asking Price: $3,950,000
• In-place cap rate: 6.67%
The Value-Add Story: Current rental rates are running 20%+ below market average, providing a clear path to increase revenue for any capable operator. Additionally, approximately $1,200/month worth of units that the owners were occupying are already being leased up, adding immediate upside. And with a current square foot occupancy of only 84%, the room for growth is present on both the rental rates and leasing side of the business. This is an opportunity to buy into current cash flow while capturing meaningful upside through straightforward operational improvements in a strong, stable market.
Contact: Tom de Jong: (408) 724-0337
Dylan de Jong: (408) 489-1833
The De Jong Self Storage Team is pleased to offer this stabilized self-storage and small bay flex commercial asset located at 657 West Saint Marys Road, Tucson, AZ.
Located just 2.2 miles from the University of Arizona with a permanent population of over 100,000 people within a 3-mile radius, this property represents a robust value-add opportunity for the right operator.
Property Overview:
• 42,483 rentable square feet across 253 total units
• 215 storage units (14,773 NRSF)
• 37 commercial flex spaces (26,110 SF)
• One on-site apartment unit
• Optional 0.94 acres of prime land available at the intersection of the I-10 frontage road and W St Marys Rd (adjacent to University of Arizona)
The Numbers:
• In-place NOI: $263,649
• Asking Price: $3,950,000
• In-place cap rate: 6.67%
The Value-Add Story: Current rental rates are running 20%+ below market average, providing a clear path to increase revenue for any capable operator. Additionally, approximately $1,200/month worth of units that the owners were occupying are already being leased up, adding immediate upside. And with a current square foot occupancy of only 84%, the room for growth is present on both the rental rates and leasing side of the business. This is an opportunity to buy into current cash flow while capturing meaningful upside through straightforward operational improvements in a strong, stable market.
Contact: Tom de Jong: (408) 724-0337
Dylan de Jong: (408) 489-1833
Property Facts
| Price | $3,950,000 | Lot Size | 2.19 AC |
| Price Per SF | $73.72 | Building Size | 53,581 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.67% | Year Built/Renovated | 1957/2005 |
| Property Type | Specialty | Parking Ratio | 0.47/1,000 SF |
| Property Subtype | Self-Storage | Clear Ceiling Height | 28’ |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | I-1, Tucson | ||
| Price | $3,950,000 |
| Price Per SF | $73.72 |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 2.19 AC |
| Building Size | 53,581 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1957/2005 |
| Parking Ratio | 0.47/1,000 SF |
| Clear Ceiling Height | 28’ |
| Opportunity Zone |
Yes |
| Zoning | I-1, Tucson |
Amenities
- Bus Line
- Signage
1 1
Bike Score®
Biker's Paradise (93)
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $374,607 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$374,607
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695 W Saint Marys Rd - Wildcat Storage
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