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695 W Saint Marys Rd - Wildcat Storage 53,581 SF Specialty Building Offered at $6,142,048 CAD at a 6.50% 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
Colliers DE JONG SELF STORAGE TEAM is pleased to offer this Offering Memorandum for the stabilized self-storage and flex space asset located at 657 West Saint Marys Road, Tucson, AZ. Comprised of 42,483 rentable square feet across 253 total units, the property features a compelling mix of 215 storage units (14,773 NRSF), 37 commercial f|ex spaces (26,110 SF), and an on-site apartment unit.
In addition to the self-storage facility, 695 W Saint Marys Road, Tucson, AZ 85701, an optional land parcel is available for $1,250,000 or $30/SF, offering further development opportunities and the potential to enhance the value of the self-storage asset.
For the 2025 annualized projections, the self-storage facility is expected to achieve $477,810 in effective gross income, with a current physical occupancy of 91.8% and in-place unit occupancy of 86.9%. Average rental rates remain attractive at $1.07/SF (well below the submarket average of $1.56/SF), providing a strong foundation for future rent growth potential as rates normalize to market.
Operating expenses for 2025 are projected at $220,747, yielding a trialing twelve month net operating income (NOI) of $257,063.
In addition to the self-storage facility, 695 W Saint Marys Road, Tucson, AZ 85701, an optional land parcel is available for $1,250,000 or $30/SF, offering further development opportunities and the potential to enhance the value of the self-storage asset.
For the 2025 annualized projections, the self-storage facility is expected to achieve $477,810 in effective gross income, with a current physical occupancy of 91.8% and in-place unit occupancy of 86.9%. Average rental rates remain attractive at $1.07/SF (well below the submarket average of $1.56/SF), providing a strong foundation for future rent growth potential as rates normalize to market.
Operating expenses for 2025 are projected at $220,747, yielding a trialing twelve month net operating income (NOI) of $257,063.
PROPERTY FACTS
| Price | $6,142,048 CAD | Lot Size | 2.19 AC |
| Price Per SF | $114.63 CAD | Building Size | 53,581 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.50% | 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 | $6,142,048 CAD |
| Price Per SF | $114.63 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| 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 (96)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $528,570 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$528,570 CAD
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695 W Saint Marys Rd - Wildcat Storage
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