Industrial Property for Lease in Tucson, AZ

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Tucson, AZ 85701

Description

60,000 SF Entertainment or Distribution/Warehouse Space Cushing Business Center is located within Tucson’s rapidly growing downtown entertainment district and adjacent to the University of Arizona. With world class restaurants, bars, and theaters within walking distance, this project features a unique work/play business environment. Current tenants include an indoor climbing gym, beverage distributors, indoor trampoline and party space, a brewery, a cross-training gym and locally seeded start-ups. Previous tenant was an indoor go-kart racing entertainment venue. Improvements of space include reception, party rooms and offices. Cushing Business Center has direct access to the aviation corridor and Interstates 10 and 19 allowing for quick East/West and North/South travel. The project has 32 foot clear ceiling heights, multiple dock and grade loading positions, flexible size configurations may be available.

Market Context

This industrial in Tucson, AZ is listed for lease. It has been on the market for 148 days. Compare it against other industrial listings for lease in Tucson, AZ — <a href="/search/lease/industrial/arizona/tucson">view the full market</a>.

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: Consensus Q4 2023 market report.

Industrial market FAQ

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

Unified Estimate

Very Low Confidence

$0.71/SF/mo – $0.97/SF/mo

Mid: $0.84/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.

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