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5501 N Oracle Road

Tucson, AZ 85704
  • $1,950,000
  • STATUS: Active
  • ID#: 22326185
UPDATED: 48 min ago
$1,950,000
  • 0
    BEDS
  • 1.75
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,975
    SQFT
  • $122
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1979
County:
Area:

School Ratings & Info

Courtesy of RE/MAX Excalibur Realty.

Description

Oracle Office Plaza is a fully leased multi tenant office property located along the busy artery of Oracle Rd. Most tenants are service providers, requiring in person contact with clients to faciliate their business. They include a physical therapist, dentist, medical aesthetics, beauty services, insurance provider, lender, and medical infusions. Being a multi tenant property, the risk of vacancy is spread across the nine tenants, with recent five year renewals and other tenants on longer leases. Landlord has made improvements to the vacant spaces to attract tenants and stabilise the property. A property manager has been installed and could remain for those investors who prefer to be hands off.

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MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-03-02T15:07:21.95.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Tucson Property Executives are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.tucsonproperty.com/homes/145786813
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5501 N Oracle Road Tucson, AZ 85704

  • Price: $1,950,000
  • Status: Active
  • On Site: Days
  • Updated: 48 min ago
  • ID#: 22326185
0
Beds
0
Baths
0
½ Baths
1.75
Acres
15,975
SQFT
$122
$/SQFT
1979
Built
Neighborhood:
North
County:
Pima
Area:
North
Property Description
Oracle Office Plaza is a fully leased multi tenant office property located along the busy artery of Oracle Rd. Most tenants are service providers, requiring in person contact with clients to faciliate their business. They include a physical therapist, dentist, medical aesthetics, beauty services, insurance provider, lender, and medical infusions. Being a multi tenant property, the risk of vacancy is spread across the nine tenants, with recent five year renewals and other tenants on longer leases. Landlord has made improvements to the vacant spaces to attract tenants and stabilise the property. A property manager has been installed and could remain for those investors who prefer to be hands off.
Exterior Features

Construction Frame - Stucco Parking Free Parking Number Covered Parking 0 Road Type Chip/Seal Roof Built-Up

Interior Features

Main Cooling Central Air Main Heating Forced AirHeat Pump Water Heater Natural Gas

Property Features

Accessibility Option Ramped Main Level Analysis Cap Rate Percent 7.51 Assessments 0.00 Country USA Electric Electric Company TEP Expenses Figures Presented Proforma Fema Flood Zone No Fenced Storage No Fire Protection None Freeway Highway 2.1 - 5 Mile Gas Natural Income Gross Scheduled Rent 243566.37 Income Net Opp Income 146438.90 Lot Dimensions Irregular Lot Sqft 76230.00 Multi Tenant Yes Municipal Flood Zone No Municipality Zoning Pima County - TR Property Features Conference Room Property Features ADACompliant Unknown Property Sub Type Office Sewer Connected Short Sale No Source Of Sqft Appraiser Tax Year 2023 Taxes 42803.78 Terms Cash Total Parking 85 Traffic Count 15001 to 35000 Unit Information Office Office Building Water City

Listing provided by RE/MAX Excalibur Realty: (520) 461-1255. Listing information © 2024 MLS of Southern Arizona.


MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-03-02T15:07:21.95.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Tucson Property Executives are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
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Tucson Property Executives
180 W Magee Rd #110
Tucson AZ, 85704
Courtesy of RE/MAX Excalibur Realty.