Historic Warehouse Redevelopment

301 W 4th Street, Tucson, AZ 85705

Project Description

Artfully Restored Warehouse

Repurposed warehouse located just north of downtown. Built in 1925 the double and triple brick structure has striking architectural features including a bow truss roof system and restored steel casement warehouse windows. 5,000 square feet of the buildings former offices were converted into 12 separate creative spaces which are leased individually to established long term artist tenants and other creative office space users. The adjacent 5,000 square feet is occupied by a successful local CrossFit gym who has a long-term lease. Building upgrades in 2015 include: new insulated roof system, electrical improvements and HVAC. Clean Phase I & II reports available. Solid NOI, zero vacancy with waiting list, stable long-term tenants and initial plans for another building on the site.

Rent Roll, Financials, 2019 Appraisal, preliminary plans for an additional building on the site, Phase I & Phase II ESA, other misc. docs all available for interested qualified buyer, just ask.

Downtown Tucson
100% occupied with long-term tenants
7.2% Cap Rate
12 creative spaces
1 cross fit gym
Extra space for development
 
Property Highlights: 
10,000 SF warehouse
34,334 SF lot (0.79 acres)
Tucson I-1 zoning
Professional renovation
Gated off-street parking lot
 
MLS Report
Development Concept

List Price $1,600,000

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