Industrial Property for Sale in Tucson, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Tucson, AZ 85756
  • Year built: 1965

Description

Marcus & Millichap is pleased to exclusively present the opportunity to acquire the Tucson Airport Portfolio (“Subject Property”, “Offering”, “Campus”). Once housing over 1,400 employees, this secure multi-building manufacturing and office campus presents a rare, airport-served opportunity in Tucson, Arizona. Situated just two blocks from Tucson International Airport and within walking distance to hotels and restaurants, the property spans approximately 17.6 acres and includes six buildings totaling 223,076 square feet of rentable space. The site features a diverse mix of facilities including clean rooms, administrative offices, laboratories, a conference center, auditorium seating, warehouse space, and a full-service cafeteria. The entire campus is enclosed by fencing for enhanced security and offers 587 on-site paved parking spaces. This versatile property is ideally suited for various uses including advanced manufacturing, biotech, aerospace, R&D, or corporate headquarters. Investment Highlights: • 17.6 Acre campus primed for redevelopment directly adjacent to Tucson Intl Airport • Less than 1/2 Market Price/SF or Replacement Cost with in-place income to carry over during redevelopment process • Heavy Office/Flex vacancy with upside to be redeveloped into Low Bay Industrial or Self Storage. Vacant 4-Acre parking lot can be developed on or used for Industrial Outdoor Storage

Market Context

This industrial in Tucson, AZ is listed for sale. It is offered at an approximate 5.3% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1965. It has been on the market for 67 days. Compare it against other industrial listings for sale in Tucson, AZ — <a href="/search/sale/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.

Its 5.3% asking cap rate is below the Tucson industrial market average of about 7.9%, reflecting premium pricing relative to comparable assets.

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

$82.36/SF – $111.42/SF

Mid: $96.89/SF

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 raleigh (similarity: 100%) with 4 comparable listings.

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