What is the typical cap rate for industrial in Tucson?

About 7.9% as of Q4 2023, per multiple brokerages.

Is the Tucson industrial market tightening or softening?

Vacancy is around 6.3% (Q4 2023).

Industrial

5120 S Julian Drive

5120 s julian drive, tucson, AZ 85706

Price

Price on request

Price/Sq Ft

$0.85

Description

±140,405 Industrial Space For Lease Julian Commerce Center features ample parking and potential for trailer parking, of which is in high demand within the Tucson market. Renovations are currently underway with completion date of July 2026. Planned renovation to include HVAC warehouse, upgraded lighting, modern finishes, additional loading, etc. Suite Sizes range from: 30,548 SF to 140,405 SF

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

5120 s julian drive, tucson, AZ 85706

Leaflet © OpenStreetMap contributors

Financial Details

Lease TypeTriple Net (NNN)

Market Context

As of Q4 2023, the Tucson industrial market showed a 6.3% vacancy rate, average asking rents near $6.84/SF/yr, and cap rates around 7.9%. Source: multiple brokerages Q4 2023 market report.

Projected current pricing

low confidence

Projected asking rent

$6.84/SF/yr

Estimated sale value

$58–$71/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q4 2023 multiple brokerages data (cap rate 7.9%, asking rent held flat).

View the full Tucson Industrial market report →

Compare it against other industrial listings for lease in Tucson, AZ to benchmark pricing and space — view the full market.

Industrial market FAQ

What is the typical cap rate for industrial in Tucson?: About 7.9% as of Q4 2023, per multiple brokerages.
Is the Tucson industrial market tightening or softening?: Vacancy is around 6.3% (Q4 2023).

Unified Estimate

Very Low Confidence

$0.82/SF/mo-$1.10/SF/mo

Mid: $0.96/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market san-diego (similarity: 100%) with 6 comparable listings.

Lease Rate & Market Trend

Market report quarterly trend fallback

Low Confidence

Avg Rent ($/SF/mo) (market data)
Vacancy %

Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.