575 E River Road_Property for Sale
575 E River Road_Property for Sale
575 E River Road, Tucson, AZ, 85704, US

575 E River Road

Asset Description

JLL Industrial Capital Markets, as exclusive advisor, is pleased to present the opportunity to

acquire the fee-simple interest in the Banner Health Sale-Leaseback at 575 E River Road (the

“Property”), a 22,176 square foot single-tenant medical office facility with lab and pharmacy

components located in the growing North Tucson/Oro Valley submarket of Metro Tucson.

Built in 1985, the Property offers excellent connectivity to Metro Tucson and the greater Metro

Phoenix area.

Located just five miles from 575 E River Road, the University of Arizona is home to over

40,200 students and offers 200+ majors. The campus spans more than 390 acres and has an

estimated impact on the state of approximately $4.1 billion annually. The University of Arizona

is the state’s premier research university, ranked top-20 among public research universities

nationwide, bringing in over $600 million in research grants each year. The University has

grown to include such fields as space science, optics, biosciences, medicine, and technology.

Banner Health has owned and operated the building for over two decades and presents a

sale-leaseback opportunity of 10-years at $18.00/SF on a triple-net basis with 3.0% annual

increases, providing investors with stable and predictable cash flow for years to come with an investment grade credit tenant from the state of Arizona's largest employer.

...

Attributes

Building area Gross
2,060 m²
Occupancy
100.00%
Year built
1985
NOI
€369,000

Media

Investment Highlights

  • Sale-leaseback for 10 years at market rents providing long-term stable cash flows
  • Mission-critical, specialized office facility 100% leased to an investment grade credit tenant, Banner Health
  • Strategically located in one of metro Tucson's infill areas
  • Excellent parking ratio
  • Business friendly climate

Contact brokers

575 E River Road (0 Properties)

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Last updated
23 Jun 2023