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1020 S Harrison RdTucson, AZ 85748
1020 S Harrison Rd
Asset ClassOffice, Retail, Mixed Use
Deal Size$2.46 M
Square Feet: 15,143Cap Rate: 8%% Leased: 100%Access Data Room
100% Occupied Retail, Office, & Medical Investment Opportunity
overview of deal

Overview

Cushman & Wakefield | PICOR is pleased to present the outstanding opportunity to acquire 1020 South Harrison Road, a high-quality retail, office, and medical mixed-use property ideally situated at the signalized corner of Harrison Rd and Old Spanish Trail, one of Eastern Tucson’s primary business and retail corridors. The two-story building combines for ±15,143 total square feet and is 100% occupied by a diverse mix of retail, office, and medical tenancy, consisting of ATI Physical Therapy, Legends Residential Care, Edward Jones, and The Pain Institute of Southern Arizona, all of which occupy the property on a long-term basis providing a purchaser with stable underlying income for years to come.

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Investment Highlights

Deal Size
$2.46 M
Cap Rate
8%
  • STABLE CASH-FLOW & SIGNIFICANT FUTURE NOI INCREASE - 1020 South Harrison Road is the ideal investment opportunity for an investor looking to capitalize on stable cash flow from the property’s current in-place income. When current leases stabilize to full-value market rents in mid-2025, an investor will benefit from a significant increase in underlying NOI.
  • PRICED WELL-BELOW REPLACEMENT VALUE - Priced at a heavily discounted rate of $162.45 per square foot, the asset can be acquired at significantly below current replacement costs, which are estimated to be in the mid to high $200s per square foot given the modern high-cost construction rate environment.
1020 S Harrison RdTucson, AZ 85748

Exclusive Listing Contacts:

Bryce HornerCommercial Properties | Capital Markets(520) 546-2737bhorner@picor.com

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Listing provided by Revere CRE