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Classic Auction - Industrial

100% Occupied Industrial - Tucson, AZ

7775 N Casa Grande Highway, Tucson, AZ 85743

  • Asset Type
  • Real Estate
  • Property Type
  • Industrial
  • Land Area
  • 6.09 Acres
  • Year Built
  • 1997
  • Year Renovated
  • 2018
  • Number of Floors
  • 2
  • Number of Buildings
  • 1
  • Parking Count
  • 203
  • Occupancy
  • 100.00%
  • Occupancy as of
  • Oct 30, 2020

Tucson AZ Industrial Opportunity

Investment Highlights 

  • Mission Critical Facility With More Than $50M Invested By Tenant
  • 100% Leased Industrial With Credit-Worthy Tenancy
  • Covid-Resistant Tenancy With 100% Collections
  • Extremely Tight Industrial Submarket Vacancy of 3.0% (5-Yr Average)
  • Exceptional Freeway Access and Visibility
  • Recent Capital Investment of More Than $800,000 By Ownership
  • Excellent NW Tucson Location Proximate to Retail Amenities
 

Offering Summary 

Newmark and RealINSIGHT Marketplace are pleased to present the opportunity to acquire 7775 N Casa Grande Hwy (the “Property”), a 71,059-square-foot industrial building located in the Optics Valley region of Tucson, Arizona. The building is currently 100% leased to two tenants: Leonardo US Electronics (88%) and Palese Proto Tech, Inc (12%). The current owners have meticulously maintained the Property and have invested over $800,000 in capital improvements over the last three years, including a new 20-year roof that was installed in 2017, and a new $200,000 chiller for the tenant’s cleanroom space.


7775 N Casa Grande Hwy is situated in the popular Northwest submarket of Tucson’s Optics Valley, which boasts a five-year average industrial vacancy of just 3.0%. As the market continues to tighten, demand for high-quality space will continue to grow, putting upward pressure on rents. The Property offers investors a secure cash flow stream from a well-positioned, credit-worthy tenant with a deep history at the Property that has heavily invested in their space and considers it a mission critical facility for their business

 

Tenants Info:

Leonardo US Electronics (formerly known as Lasertel) has occupied the Property since 2008 and recently renewed its commitment to the site by extending its lease through July 14, 2026. Over the last two years alone, Leonardo has invested more than $15 million improving their space with highly specialized equipment, including over 14,000 square feet of clean room space. Since 2008, they have invested upwards of $50 million on their buildout, and they are currently expanding the parking area of the building at their own cost. Leonardo’s Lasertel business unit, which operates at the site, is the largest laser diode supplier to military laser systems. The company is a subsidiary of Leonardo SpA, which is the ninth largest defense contractor worldwide

Palese Proto Tech, Inc. is an established full-service product development and precision engineering machine shop that has been in business for more than 25 years and considers the Property its headquarters since taking occupancy in 2012.
 

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Platform Fee

The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • Lamar P. Fisher

    Fisher Auction Company Inc.