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Loving Phoenix Team | Real Broker
5501 N Oracle Rd, Tucson, AZ 85704
- $1,700,000
- Sold Price
- $1,700,000
- List Price
- $1,850,000
Property Description
Oracle Office Plaza is a fully leased multi tenant office property located along the busy artery of Oracle Rd. Most tenants are service providers, requiring in person contact with clients to faciliate their business. They include a physical therapist, dentist, medical aesthetics, beauty services, insurance provider, lender, and medical infusions. Being a multi tenant property, the risk of vacancy is spread across the nine tenants, with recent five year renewals and other tenants on longer leases. Landlord has made improvements to the vacant spaces to attract tenants and stabilise the property. A property manager has been installed and could remain for those investors who prefer to be hands off.
Courtesy of RE/MAX Excalibur Realty. Selling Office: Goldsmith Real Estate.
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