3838 E Fort Lowell Rd 3,816 SF 47% Leased Office Building Tucson, AZ 85716 $1,013,259 CAD ($265.53 CAD/SF) 8.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Renovated
- Secured, private parking lot, high visibility.
- Long Term Professional Tenant One Side and Immediate Occupancy Available The Other
EXECUTIVE SUMMARY
Located in the vibrant heart of Central Tucson near Fort Lowell and Alvernon Way, this dual office suite property, built in 2000, offers a modern frame and stucco design across 3,816 square feet. It features two distinct suites: Suite 110, a fully leased dental office with a reception, kitchen, and multiple rooms, and Suite 120, a holistic healing center with open space and private offices, currently available for lease. The property includes 21 parking spaces, enhanced security, and ADA compliant features, making it ideal for professional businesses. This property represents a significant investment opportunity in Tucson's commercial real estate market. With its prime location and versatile space, it is perfect for buyers looking to enter or expand their portfolio.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$91,465
|
$23.97
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,816 SF
Building Class
B
Year Built
2000
Price
$1,013,259 CAD
Price Per SF
$265.53 CAD
Cap Rate
8.40%
NOI
$85,133 CAD
Percent Leased
47%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,816 SF
Building FAR
0.19
Lot Size
0.46 AC
Zoning
C-1 - C-1, Commercial
Parking
21 Spaces (5.5 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Security System
- Storage Space
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Features: Offers 1,200 square feet of open office space with a high-quality sprung maple wood floor system. The space includes a wall accordion for division, three private office suites, two bathrooms (one ADA compliant), a reception area, and private outdoor space.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 2,007 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 2,007 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 1
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 111-05-010B | Improvements Assessment | $0 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Total Assessment | $146,426 CAD (2024) |
