12350 Vistoso Park Rd, Oro Valley, AZ 85755

55,066 SF | Flex Building | Oro Valley, AZ 85755 | $14,250,000 ($259/SF) | 6.46% Cap Rate

Asking Price $14,250,000

Property Type
Industrial
Price / Square Foot
$259

Listing Contacts

Geoff Turbow
Geoff Turbow
Matt Pourcho
Matt Pourcho
Nick Williams
Nick Williams
Tim Healy
Tim Healy
  • Property Info

Property Overview

SECURING GROWTH IN AEROSPACE FOR LONG-TERM CREDIT TENANCY
* Significant Physical and Financial Upside | Freestanding flex industrial research and development building, totaling 55,066 SF on 6.7 acres, originally a build-to-suite for Securaplane Technologies, Inc.

* Secure Tenancy with Aerospace Leader | 100% leased to Securaplane Technologies, Inc., a market-leading aerospace subsidiary of Parker Hannifin, this property is a critical site for global operations and yields a stable income stream with the backing of a financially robust, publicly-traded company (Moody’s: Baa1).

* Strategically Designed for Future Growth | The property well-positioned for any potential expansion, which Securaplane/Meggitt can utilize for future growth opportunities. Excess land offers the potential for future expansion of approximately 15,000 SF (part of the original RFP process in securing Securaplane to the site),which significantly enhances the property’s investment value and commitment from tenancy.

* Recent Landlord and Tenant Investments | Recent capital expenditures include roof upgrades exceeding $500,000. Recent tenant allowances for improvements totaled $375,375.

EXCELLENT INDUSTRIAL MARKET FUNDAMENTALS
* Industrial as the Preferred Investment Type | The pandemic has shown the resilience and growing demand for industrial properties, with this sector achieving record price per square foot and cap rate compression, emphasizing the robustness of this investment type in current markets.

* Booming Aerospace and Tech Sector in Tucson | The local economy’s dynamic growth in aerospace, defense, and technology sectors not only drives demand for specialized spaces like this property but also supports high-value employment opportunities, enhancing the property’s strategic importance.

* Positive Commercial Real Estate Trends in Tucson | With significant positive net absorption in industrial leasing across Tucson, the market exhibits strong growth, particularly in demand for industrial and flex spaces catering to tech and aerospace industries, positioning this property advantageously within the market. Industrial vacancy as of 4Q23 was a mere 6.3%.
GROWTH REGION WITH STRONG DRIVERS
* Innovation Park – Tucson’s Premier Business Location | A master planned business park in a contemporary environment for work and play, Innovation Park is situated on a 535-acre campus in the heart of the Tucson bioscience region. This campus serves as Tucson’s primary destination for high-tech, finance, aerospace, and life science uses, underpinning its strategic importance.

* Strong Local Economy and Workforce | Oro Valley’s affluent demographics and the presence of high-quality educational institutions contribute to a skilled workforce and vibrant community, supporting and enhancing the value of the property.

* Outstanding Lifestyle and Amenities Support Employee Attraction | Proximity to high-end amenities—including Oro Valley Marketplace, hospitals, and luxury hospitality—contributes to an attractive living and working environment, which
are pivotal to attracting and retaining top talent.

Property Details

Class
B
Year Built
2013
Stories
1
Property Subtype
Flex
Lot Size (sq. ft)
291,852 SF

Highlights

  • SECURING GROWTH IN AEROSPACE FOR LONG-TERM CREDIT TENANCY

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