Kleindale Business Park – Tucson, Arizona

Description

General Description

The investment opportunity is an income producing business park and self storage facility which is leased to a mix of commercial and self storage tenants. The improvements consist of 8 buildings totaling 20,840 rentable square feet. There are 71 units of drive up storage, 11 warehouse units and a 1600 SF office used by the current management company. Construction is block, partitions are wood and block, roofs are shingle and built up, all on concrete foundations. Drive aisles are asphalt and in fair condition. Access controls are composed of iron fencing with a keypad controlled gate.

Market Overview

Tucson is the county seat of Pima County, Arizona and home to the University of Arizona. The 2010 United States Census puts the city’s population at 520,116, while the 2012 estimated population of the entire Tucson metropolitan area was 992,394.The Tucson MSA forms part of the larger Tucson-Nogales combined statistical area, with a total population of 980,263 as of the 2010 Census. Tucson is the second-largest populated city in Arizona behind Phoenix, which both anchor the Arizona Sun Corridor. The city is located 108 miles southeast of Phoenix and 60 mi north of the U.S.-Mexico border. Roughly 150 Tucson companies are involved in the design and manufacture of optics and optoelectronics systems, earning Tucson the nickname Optics Valley.