829 W Silverlake Rd

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.