Highlights
• ±12,000 SF Industrial Shop + Office » 20’ - 21’ Clear Height » Two (2) Grade Level Doors » 8 Private Offices, Bullpen + Reception Area, Breakroom with Kitchen • ±3.23 Acre Site (140,699 SF) • Heavy Power • Zoned I-1, City of Tucson • Less than 0.5 Miles from I-10 and I-19 Interchange • APN #: 118-11-010B
Description
A single-tenant, NNN-leased industrial investment opportunity is now available at 829 W Silverlake Rd in Tucson. The property features an approximately 12,000-square-foot industrial office and shop facility situated on a 3.23-acre parcel, offering ample yard space and parking ideal for fleet-based operations. Zoned I-1 within the City of Tucson, the site benefits from outstanding connectivity, located less than half a mile from the interchange of I-10 and I-19. Priced at $3,400,000 with a 6.62% capitalization rate, the asset is fully leased to MTM Transit, LLC, a nationally recognized provider of government-contracted paratransit and non-emergency medical transportation services, through October 31, 2029. The lease includes annual rent increases of 3% during the primary term, with monthly NNN rent rising from the current $18,750 to $20,488 by the final lease year. Since the existing rental rate is below prevailing market levels, investors may benefit from future rental growth through a market-rate adjustment at lease expiration in October 2029 or if the tenant exercises its single 12-month renewal option at $21,103 per month NNN.
Listing Details
- Cap Rate
6.62%
- Tenancy
Single
- Space Type
industrial
- Sub Category
distribution / warehouse / manufacturing
- Date Listed
6/5/2026
- Net Operating Income
$225,000
- Ceiling Height / Slab to Slab
21 Ft
Property Specifics
- Property Name
829 W SILVERLAKE RD
- No of Buildings
1
- No of Stories
1
- Year Built
1962
- Building Size
12,000 SF
- Lot Size
3.23 Ac
- APN
118-11-010B
- Zoning
I-1 City of Tucson
- Occupancy
100%