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829 W Silverlake Rd
Tucson, AZ 85713
Industrial Property For Sale
Investment Highlights
- ±12K SF Shop Building with Office on ±3.23 AC Fully Asphalt Paved Site
- 8 Private Offices, Bullpen + Reception Area, Breakroom with Kitchen
- $225,000 Year 1 NOI | 6.62% Cap Rate
- 20' - 21' Clear Height with 2 Grade Level Doors
- Fully Leased to MTM Transit, LLC through October 2029 | 3% Annual Escalations
- Mark-to-Market Upside at Renewal
Executive Summary
Single tenant NNN industrial investment opportunity available now at 829 W Silverlake Rd in Tucson.? The property consists of a ±12,000 SF industrial shop and office building situated on a ±3.23-acre site, providing significant yard and parking area well-suited for fleet operations.? Zoned I-1 within the City of Tucson, the asset offers exceptional access to the regional freeway network, positioned less than 0.5 miles from the I-10 and I-19 interchange.?
Offered at $3,400,000 (6.62% cap rate), the property is fully leased to MTM Transit, LLC - a nationally operating, government-contracted paratransit and non-emergency medical transportation company through October 31, 2029.? The lease features 3% annual rent escalations throughout the initial term, growing from $18,750/month NNN (current rate) to $20,488/month NNN by the final lease year.? With in-place rents currently below market, an investor stands to benefit from mark-to-market upside at the October 2029 expiration or upon exercise of the tenant's one 12-month renewal option at $21,103/month NNN.?
Offered at $3,400,000 (6.62% cap rate), the property is fully leased to MTM Transit, LLC - a nationally operating, government-contracted paratransit and non-emergency medical transportation company through October 31, 2029.? The lease features 3% annual rent escalations throughout the initial term, growing from $18,750/month NNN (current rate) to $20,488/month NNN by the final lease year.? With in-place rents currently below market, an investor stands to benefit from mark-to-market upside at the October 2029 expiration or upon exercise of the tenant's one 12-month renewal option at $21,103/month NNN.?
Property Facts
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 6.62% | Year Built | 2012 |
| Property Type | Industrial | Clear Ceiling Height | 21’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 3.23 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 12,000 SF | ||
| Zoning | I-1 - Industrial | ||
| Sale Type | Investment NNN |
| Cap Rate | 6.62% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 3.23 AC |
| Rentable Building Area | 12,000 SF |
| No. Stories | 1 |
| Year Built | 2012 |
| Clear Ceiling Height | 21’ |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | I-1 - Industrial |
Property Taxes
| Parcel Number | 118-11-010B | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $161,537 CAD |
Property Taxes
Parcel Number
118-11-010B
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$161,537 CAD
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