JLL Industrial Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 2701, 2711, 2721, 2731 E. Elvira Boulevard, Tucson, AZ featuring 110,996 SF across four buildings on 9.85 acres plus an adjacent 4.92 acre separate parcel (the “Property”). The Property is located within the Business Park of the Desert inside the Tucson Airport submarket. The submarket remains popular among logistics, distribution, and R&D users due in large part to its proximity to the airport, the I-10, and the I-19, providing convenient access to local, regional, and international markets for the Property’s major corporate neighbors including Raytheon’s missile & defense HQ campus, FedEx, HomeGoods, and Amazon to name a few.
The existing buildings, originally developed as industrial product, having most recently been utilized as a call center for the largest non-profit health system in Arizona who has owned and maintained the Property for nearly two decades. The existing buildings with their modernized call center / office aesthetic provide a variety of options to an investor depending on the tenant they are planning to attract. They can lend themselves to easily pair back the call center build-out to traditional warehouse space or to retain some of the build-out for a plug & play company HQ, particularly in the 2701 building with Elvira Road frontage. Additionally, the I-1 (light industrial) zoned adjacent parcel of land is poised for future development and able to accommodate up to 75,000 SF, with only 275,000
SF under construction in the entire Tucson market representing just 0.6% of the total inventory.
This unique offering, located a quarter mile from the Tucson International Airport, holds a significant return profile through strategic redevelopment that optimizes the site's highest and most lucrative potential.
- Rare hybrid redevelopment opportunity
- Highly sought airport location
- Convenient access to the metro, regional and international markets