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Harrison Professional Plaza 1020 S Harrison Rd 15,143 SF 100% Leased Office Building Tucson, AZ 85748 $3,175,718 CAD ($209.72 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% FULLY STABILIZED & GROWING INCOME
- 2012 MODERN CONSTRUCTION & GORGEOUS RETAIL-OFFICE PLAZA
- 30+ NEARBY BUSINESSES IN HIGHLY-DESIRED IMMEDIATE TRADE AREA
- $150 PSF BARGAIN PRICING NEARLY HALF OF REPLACEMENT VALUE
- 4 LONG-TERM TENANCIES & OVER 2.6 YEARS WALT
EXECUTIVE SUMMARY
Harrison Professional Plaza is 100% leased by a diverse mix of established brand-name businesses, consisting of ATI Physical Therapy, Edward Jones, Legends Residential Care, and The Pain Institute of Southern Arizona, all of which occupy the property on a long-term basis providing a purchaser with stable underlying income for years to come. Located at the corner of Harrison Rd and Old Spanish Trail, the property benefits from ease of ingress/egress, making it ideally situated in a desirable and dense business and trade area with incredible proximity to an abundance of nearby amenities, restaurants, and the Old Spanish Trail Shopping Center directly across the road to the southeast. Constructed in 2012, the property has been incredibly maintained by the current owner and additionally benefits from being surrounded by a vast number of residences and households within just a few miles, many of which are newly constructed subdivisions in Tucson’s fast-growing Southeast market.
As a 100% stabilized and cash flowing mixed-use investment benefiting from a diverse mix of long-term tenants, Harrison Professional Plaza is an excellent acquisition for an investor seeking a top-tier asset at well-below replacement value.
PROPERTY FACTS
AMENITIES
- Controlled Access
- Signage
- Monument Signage
- Air Conditioning
- Balcony
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Health Care and Social Assistance
- -
- -
- Modified Gross
- Dec 2027
ATI Physical Therapy is a publicly traded provider of outpatient rehabilitation services with a clinic in Lexington, Massachusetts. Founded in 1996, ATI has grown into one of the largest single-branded physical therapy providers in the United States, operating hundreds of clinics nationwide. The Lexington location offers comprehensive physical therapy services, including manual therapy, therapeutic exercise, sports medicine, and workers’ compensation rehabilitation. ATI emphasizes evidence-based treatment plans tailored to individual needs and provides both in-clinic and virtual care options. The company is headquartered in Downers Grove, Illinois, and trades on NASDAQ under the ticker symbol ATIP. ATI’s growth has been supported by its commitment to research-driven care and specialty programs such as concussion therapy, hand therapy, and women’s health.
-
- Finance and Insurance
- -
- $26.52 CAD
- Modified Gross
- May 2028
Edward Jones is a privately held financial services firm focused on individual investors and small businesses. Founded in 1922, the company operates from its headquarters in the St. Louis area with a U.S. regional headquarters in Tempe, serving clients through a broad network of local branch offices. The firm offers investment guidance, retirement and education savings strategies, insurance solutions, and cash and credit products delivered by financial advisors backed by home-office resources. Edward Jones is the principal operating company of The Jones Financial Companies and is not publicly traded. The firm highlights a long-standing branch-office model designed to provide in-person advice within communities; its corporate sites cite a footprint of more than 15,000 branch locations in North America and tens of thousands of associates, including financial advisors, across the U.S. and Canada. Senior leadership includes Managing Partner Penny Pennington and executives overseeing operat
- Pain Institute of Southern Arizona
- Health Care and Social Assistance
- -
- $13.96 CAD
- Modified Gross
- Jul 2031
- The Legends Residential Care LLC
- Health Care and Social Assistance
- -
- $26.52 CAD
- Modified Gross
- Jul 2028
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Health Care and Social Assistance | - | - | Modified Gross | Dec 2027 | |
|
|
Finance and Insurance | - | $26.52 CAD | Modified Gross | May 2028 | |
| Pain Institute of Southern Arizona | Health Care and Social Assistance | - | $13.96 CAD | Modified Gross | Jul 2031 | |
| The Legends Residential Care LLC | Health Care and Social Assistance | - | $26.52 CAD | Modified Gross | Jul 2028 |
PROPERTY TAXES
| Parcel Number | 134-05-118U | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $418,389 CAD |
PROPERTY TAXES
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Harrison Professional Plaza | 1020 S Harrison Rd
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