Single Family Rental Homes - Tucson, AZ Presented By: LoopNet
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Single Family Rental Homes Presented By:
Tucson, AZ Lead Agent
Neil Davis
PORTFOLIO OF 4 SINGLE FAMILY RENTAL HOMES Mike Chapman
Justin Lanné
Table of
Contents
06 Section 01
2238 N Belvedere Ave
11 Section 02
3707 E Glenn St
16 Section 03
3819 E Bellevue St
21 Section 04
3233 E Bermuda St
26 Section 05
Market Overview
32 Section 06
Tucson Overview
Overview About
Single Family
Rentals Portfolio
History: This Portfolio of four houses were built between the years of 1946-1957 and have recently been owned by a local medical
professional in Tucson. This property is part of a diverse portfolio that includes office, multifamily and single family houses. After recent
probate, the single family houses are now owned by his wife. These properties are offered as a portfolio not individually.
Location: This Portfolio is located in a convenient, central area of Tucson. All of the houses are in close vicinity to each other. All of the
houses are close to the University of Arizona and many prominent intersections and shopping districts. Because of their central location,
these houses can bring in many different ranges of tenants.
Property Description: This Portfolio is described with the chart below:
Address Type Sq. Ft. Rent Rent / Sq. Ft. Allocated Value
2238 N Belvedere 3Br/1Ba 1,008 $795 $0.79 $143,560
3707 E Glenn 2Br/1Ba 920 $700 $0.76 $130,880
3819 E Bellevue 2Br/1Ba & Studio 1,297 $945 $0.73 $165,840
3233 E Bermuda 3Br/2Ba 1,275 $900 $0.71 $163,040
Total: - 4,500 $3,340 $0.75 $603,320
Portfolio Price: Price Per House: Cap Rate:
$610,000 $152,500 5%
The Opportunity: The real opportunity with this Portfolio would be to bring the condition of the houses up to par and to raise the rents to
current market levels. As displayed above; these homes have a current average rent per square foot of $0.75.Within this subsection of town
the average rent per square foot is $1.06. Based on the market the units are heavily under rented and there is a lot of room for all of the
rents to grow.
Here are some easy items that can create much more rental value for the houses:
• Replacing Evaporative Coolers with Air Conditioning
• Minor Landscaping in the front and backyards
• Install Washers and Dryers for Tennant’s use
• Remodel Bathrooms and Kitchen along with new appliances
Overview
Single Family
Locations
Rentals Map
2
4
1
3
Key
1 2238 N Belvedere Ave
2 3707 E Glenn St
3 3819 E Bellevue St
4 3233 E Bermuda St
Overview
Single Family
Locations
Rentals Aerial
E Fort Lowell Rd
Cragin
Elementary
2 E Glenn St
Salpointe Catholic 4
High School
Southern AZ Boys & Girls
Community Academy Clubs of Tucson
E Grant Rd
1
International
N Campbell Ave
School of Tucson
N Alvernon Way
Agave Middle &
High School St. Cyril of
Alexandria School
Blenman
St. Peter & Paul Elementary
N Swan Rd
Catholic School
3
E Speedway Blvd
N Country Club Rd
Key
1 2238 N Belvedere Ave 3 3819 E Bellevue St
2 3707 E Glenn St 4 3233 E Bermuda St
section 01 2238 N Belvedere Ave
section 01 Location
2238 N
Belvedere Ave Map
SUBJECT
section 01 Property
2238 N
Belvedere Ave Aerial
E Grant Rd
N Belvedere Rd
SUBJECT
E Duncan St
section 01 Property
Value Analysis
2019 Proforma
2238 N
Belvedere Ave Information
INCOME
Rental Income
Vacancy
$9,540
$0
$9,540
$0
Current
Total Income $9,540 $9,540
Value Analysis
EXPENSES 2019 Proforma
INCOME Maintenance ($500) Notes($500) $500 d
Rental Income Current Annual Rental income
Vacancy
Insurance$9,540
$0
$9,540
($456)
$0
($456) Estimat
Property Taxes
Total Income $9,540 ($1,406)
$9,540 ($1,406) 2019 P
EXPENSES
Total Expenses ($2,362) ($2,362)
Maintenance ($500) ($500) $500 dollars per year average
Insurance ($456) ($456) Estimate on The Zebra
NOI
Property Taxes ($1,406)
$7,1782019 Property Taxes
($1,406)
$7,178
2238 N Belvedere Ave | 3 Bedrooms/1 Bath Total Expenses ($2,362) ($2,362)
MONTHLY ANNUAL
TYPE SF RENT/SF LEASE EXP NOI $7,178 $7,178
RENT RENT
3Br/1Ba $795 1,008 $0.79 $9,540 5/31/2020
NEIGHBORHOOD El Oasis Central
Price Analysis
Price Analysis
OWNER Deeb George & Diane M JT/RS
STORIES 1 Proforma Proforma
$7,178 $7,178
CONSTRUCTION Masonry Cap Rate 5.00%
BUILDING SIZE 1,008 SF Price Cap Rate$143,560 5.00%
Price
$/ Sq. Ft. $142 $143,560
YEAR BUILT 1957
$/ Sq. Ft. $142
PARKING Covered Carport & Driveway
COOLING EVAP
Zillow Rent Estimate and Value
GAS Yes
PIMA COUNTY ASSESSOR’S # 122-02-0330 Zillow Rent Est. Zillow Value
$1,215 $163,484
PARCEL SIZE 0.19 Acres (8,103 SF)
Zillow Rent Estimate and Value
REAL ESTATE TAXES (2019) $1,406.47
ZONING R-2
Zillow Rent Est. Zillow Value
$1,215 $163,484section 02 3707 E Glenn St
section 02 Location
3707 E
Glenn St Map
SUBJECTsection 02 Property
3707 E
Glenn St Aerial
SUBJECT
N Dodge Blvd
E Glenn StValue Analysis
section 02 Property
INCOME
Rental Income
2019
$7,700
Proforma
$8,400 Cur
3707 E
Glenn St Information Vacancy
Total Income
$0
$7,700
$0
$8,400
EXPENSES
Value Analysis
Maintenance
2019 ($500)
Proforma ($500) $50
INCOME Notes
Insurace$7,700
Rental Income $8,400($414) ($414)
Current Annual Rental income $0.4
VacancyProperty Taxes $0 $0($942) ($942) 201
Total Income $7,700 $8,400
Total Expenses ($1,856) ($1,856)
EXPENSES
Maintenance ($500) ($500) $500 dollars per year average
NOI
Insurace ($414) $5,844
($414) $6,544
$0.45/ Sq. Ft. (The Zebra)
Property Taxes ($942) ($942) 2019 Property Taxes
3707 E Glenn St | 2 Bedrooms/1 Bath Total Expenses ($1,856) ($1,856)
MONTHLY ANNUAL
TYPE SF RENT/SF LEASE EXP NOI $5,844 $6,544
RENT RENT
2Br/1Ba $700 920 $0.76 $8,400 5/31/2021
NEIGHBORHOOD Lincoln Park
Price Analysis
Price Analysis
OWNER Deeb George & Diane M JT/RS
STORIES 1 Proforma Proforma
$6,544 $6,544
CONSTRUCTION Frame/Stucco Cap Rate 5.00%
BUILDING SIZE 920 SF Price Cap Rate
$130,880 5.00%
$/ Sq. Ft. $142
YEAR BUILT 1946 Price $130,880
PARKING Driveway $/ Sq. Ft. $142
COOLING EVAP
Zillow Rent Estimate and Value
GAS Yes
PIMA COUNTY ASSESSOR’S # 111-06-1710 Zillow Rent Est. Zillow Value
$1,000 $141,756
PARCEL SIZE 0.13 Acres (5,776 SF)
REAL ESTATE TAXES (2019) $942.48 Zillow Rent Estimate and Value
ZONING R-2
Zillow Rent Est. Zillow Value
$1,000 $141,756section 03 3819 E Bellevue St
section 03 Location
3819 E
Bellevue St Map
SUBJECTsection 03 Property
3819 E
Bellevue St Aerial
N Winstel Blvd
SUBJECT
E Bellevue StINCOME
Property
Rental Income $11,050 $11,340 Curre
section 03 Vacancy $0 $0
Total Income $11,050 $11,340
3819 E
Bellevue St Information
EXPENSES
Maintenance ($500) ($500) $500
Insurace ($583) ($583) $0.45
Value Analysis Property Taxes ($1,965) ($1,965) 2019
2019 Proforma
INCOME Total Expenses ($3,048) ($3,048)
Notes
Rental Income $11,050 $11,340 Current Annual Rental income
Vacancy $0 $0
NOI
Total Income $11,050 $8,002
$11,340 $8,292
3819 E Bellevue St | 2 Bedrooms/1 Bath Main House + Studio/1Ba EXPENSES
Maintenance ($500) ($500) $500 dollars per year average
TYPE MONTHLY SF RENT/SF ANNUAL LEASE EXP
RENT RENT Insurace ($583) ($583) $0.45/ Sq. Ft. (The Zebra)
Property Taxes ($1,965) ($1,965) 2019 Property Taxes
2Br/1Ba $595 - - $7,140 5/31/2021 Total Expenses ($3,048) ($3,048)
Studio/1Ba $350 - - $4,200 5/31/2021
NOI $8,002 $8,292
Total $945 1,297 $0.73 $11,340 5/31/2021
NEIGHBORHOOD Speedway Park/Central Price Analysis
OWNER Deeb George & Diane M JT/RS
STORIES 1 Proforma $8,292
Price Analysis
CONSTRUCTION Masonry
BUILDING SIZE 1,297 SF Cap Rate$8,292
Proforma 5.00%
YEAR BUILT 1946
Cap RatePrice 5.00% $165,840
PARKING Driveway/Covered Carport Price $/ Sq. Ft.
$165,840 $128
$/ Sq. Ft. $128
COOLING EVAP
GAS Yes
PIMA COUNTY ASSESSOR’S # 122-18-1850
PARCEL SIZE 0.19 Acres (8,285 SF) Zillow Rent Estimate and Value
REAL ESTATE TAXES (2019) $1,965.68 Zillow Rent Estimate
Zillow Rent Est. andValue
Zillow Value
ZONING R-2 $1,350 $204,148
Zillow Rent Est. Zillow Value
$1,350 $204,148section 04 3233 E Bermuda St
section 04 Location
3233 E
Bermuda St Map
SUBJECTsection 04 Property
3233 E
Bermuda St Aerial
SUBJECT
N Edith Blvd
E Bermuda StValue Analysis
Property
2019 Proforma
section 04 INCOME
Rental Income $10,800 $10,800 Current
3233 E
Information
Vacancy $0 $0
Total Income $10,800 $10,800
Bermuda St
EXPENSES
Value Analysis Maintenance ($500) ($500) $500 d
Insurace 2019 ($574)
Proforma ($574) $0.45/
INCOME Notes
Property $10,800
Rental Income
Taxes ($1,574)Current Annual ($1,574)
$10,800 Rental income
2019 P
Total Expenses$0
Vacancy ($2,648)
$0 ($2,648)
Total Income $10,800 $10,800
EXPENSES NOI $8,152 $8,152
Maintenance ($500) ($500) $500 dollars per year average
Insurace ($574) ($574) $0.45/ Sq. Ft. (The Zebra)
3233 E Bermuda St | 3 Bedrooms/2 Bath Property Taxes ($1,574) ($1,574) 2019 Property Taxes
Total Expenses ($2,648) ($2,648)
MONTHLY ANNUAL
TYPE SF RENT/SF LEASE EXP
RENT RENT NOI $8,152 $8,152
3Br/2Ba $900 1,275 $0.71 $10,800 10/31/2021
NEIGHBORHOOD Doolen-Fruitvale
Price Analysis
OWNER Deeb George & Diane M JT/RS
STORIES 1 Price Analysis Proforma $8,152
CONSTRUCTION Masonry
Proforma $8,152
BUILDING SIZE 1,275 SF
Cap Rate 5.00%
YEAR BUILT 1956 Cap Rate 5.00%
Price Price $163,040 $163,040
PARKING Driveway $/ Sq. Ft. $128
$/ Sq. Ft. $128
COOLING EVAP
GAS Yes
PIMA COUNTY ASSESSOR’S # 111-07-2190
Zillow Rent Estimate and Value
PARCEL SIZE 0.21 Acres (9,329 SF)
Zillow Rent Est. Zillow Value
REAL ESTATE TAXES (2019) $1,574.41 Zillow Rent Estimate
$1,200 and Value
$178,817
ZONING R-2
Zillow Rent Est. Zillow Value
$1,200 $178,817section 05 Market Overview
section 05
Market
Overview
IMPRESSIVE TUCSON MULTIFAMILY MARKET
#1Record Breaking Rent Growth:
Apartment revenue over the last year has increased 6.49% due to
higher rents, lower vacancies (6.1%) and lower concessions (1.2%)
# 2
Tucson Rental Affordability:
rent (18.1%)
Tucson is amongst the most affordable market in the nation for
renters when comparing median household income to average annual
# 3
Limited New Construction Supply:
rate apartments.
Tucson is virtually at the bottom of all major markets in the United
States withsection 05
Market
Overview
Strong Tucson Market Fundamentals!
Average Rent/ Average
Year Deliveries Absorption Vacancy % Increase
Unit Concessions
2014 663 827 9.8% $650 1.1% 5.6%
2015 539 1,145 8.7% $671 3.2% 4.3%
2016 606 1,254 8.0% $701 4.5% 3.3%
2017 44 1,274 6.4% $735 4.9% 2.3%
2018 397 297 6.1% $786 6.49% 1.2%
2019 584 599 5.54% $831 5.74% 1.0%
2,833 5,396
Source: Vailbridge Property Advisors & Real Datasection 04
Comparable
Properties
Year-Over-Year Rent Growth
August 2020
Market
Overall Lifestyle Renter-by-Necessity
Central Valley 4.3% 4.4% 4.4%
NC Triad 3.9% 2.6% 5.5%
Tacoma 3.5% 2.0% 4.8%
Indianapolis 3.5% 1.8% 4.2%
Tucson 3.4% 1.8% 4.2%
Colorado Springs 3.3% 3.2% 3.5%
Central East Texas 2.8% 3.9% 1.9%
Albuquerque 2.7% 1.2% 3.6%
El Paso 2.4% 2.8% 2.3%
Long Island 2.4% 0.0% 3.5%
Louisville 2.4% 0.8% 3.4%
St. Louis 2.4% 1.4% 2.9%
Jacksonville 2.0% 0.9% 3.3%
Reno 1.7% -0.1% 2.6%
Northern New Jersey -0.7% -1.9% 0.5%
Salt Lake City 0.7% -0.5% 1.4%
SW Florida Coast -0.5% -0.8% 0.3%
San Fernando Valley -0.1% -1.2% 0.7%
Bridgeport-New Haven 0.1% -1.4% 1.2%
Source: Yardi Matrixsection 05
Market
Overview
Opportunity to Capitalize on Growing Tucson Workforce!
Caterpillar, Inc. has selected Tucson for as its new location for its Surface Mining and
Technology Division. The Tucson facility will create more than 600 new high paying jobs over Bombardier aerospace is adding 27 employees at its Tucson Airport facility, due to a steady
5 years. growth in work orders. Capital expenditure is $3.5 million, resulting in an $17.4 million eco-
nomic impact.
Raytheon Company plans to expand its Southern Arizona operations by adding near-
ly 2,000 jobs at the Missile Systems business headquarters over a five-year period. The Arcadia Custom Windows and Doors is a high-end window and door manufacturer locat-
company plans to hire workers at all skill levels with an emphasis on engineering and other ed in Tucson’s south east side. The company recently purchased its facility and plans to add
higher-wage, technical positions. 150 jobs. Capital expenditure is $6.2 million, resulting in a $80.4 million economic impact.
Banner Health has broken ground on the 9-story 670,000 sq. ft. University Medical Center Worldview Enterprises is a space and exploration company with many commercial appli-
Hospital and the 240,000-sq. ft. Banner Health Center outpatient and imaging facility along cations that will establish a new headquarters, utilizing 25 acres on the Pima County A & D
with a 962-space parking garage at the Arizona Cancer Center. The cost of said develop- Part property. Three to five year projections anticipate 448 new high-wage and $40 million in
ments is $500 million. capital expenditure. Estimated economic impacts are $384 million.
ADP is a well-known fortune 500 global provider of cloud-based human capital management Geoworld is an Italian-based educational toy company looking to relocate their World Head-
systems. The company plans to hire 450 employees. Total economic impact is $485 million. quarters from Italy to southern Arizona. The new world headquarters in Tucson will bring 25
jobs and estimated impacts are $28 million.
Creative Machines is a multi-disciplinary firm whose ablities span exhibition design, ball ma-
chine sculptures and monumental public art. Creative Machine is adding 20 employees to its Arizona Turbine Technology is an energy-production technology created by Tucson Embed-
Tucson facility. Capital expenditure is $2.1 million, resulting in a $35 million economic impact. ded Systems. The company plans to hire 22 employees. Economic impact is estimated at
$48 million in the next 5 years.
Lucid Motors has selected Casa Grande/Pinal County as the site for its new electric car
manufacturing facility, with 2,213 new jobs and a $700 million capital investment. This is Truly Nolen is a pest control company that is Tucson-based. Employees attend a compa-
Arizona’s first auto manufacturing operation the project represents a $1.7 billion economic ny-established state of the art training facility in Tucson. The company expects to hire 70
impact to the state. employees, with an economic impact estimated at $34.4 million.
Vector Space Systems, a micro satellite space launch company, is locating its manufac- International Towers produces and erects towers and antennas for cellular providers, gov-
turing facility in the Poma County Aerospace, Defense and Technology Business & Research ernments and broadcasters worldwide. The company’s projected hiring of 130 employees
Park, and adding 200 high-wage jobs. The company’s expansion is expected to have an will create an estimated economic impact of $170 million.
estimated $290 million economic impact over 5 years.
Applegate Insulation Technology, the world’s largest family-owned manufacturer of cellu-
Global Equity Finance has a unique business model of banking and brokering loans that al- lose insulation products, is expected to hire 50 employees, with an economic impact of $69
lows them to focus on finding the best loan and the best rates for their clients. The Company million.
is expected to hire 82 new employees, resulting in a $96 million economic impact.
New Holland Agriculture is a global brand of agricultural machinery (tractors, combine
Mainstreet offers a unique design concept in Healthcare for the growing senior population. harvesters, etc.), which is expected to hire 25 employees with estimated economic impact of
The company is expected to hire 90 new employees, resulting in a $53 million economic $20 million.
impact. Source: SUN CORRIDOR, Inc. - www.suncorridorinc.comsection 05
Market
Overview
Opportunity to Capitalize on Growing Tucson Workforce! Cont.
Sheffield Lubricants LLC uses proven technology to recycle used lubricating oil into valu- with 25 new high-paying jobs.
able commodities like diesel fuel and gasoline and is expected to hire 30 new employees with
an economic impact estimated at $82.9 million. Arconic Fastening Systems Tucson expansion of a new product line which will create 70
new jobs.
Samsung Smart Things lets you control your smart devices with a simple tap and automate
your home with your own personal preferences. The company plans to occupy space in Amazon is building a new 855,000 SF high-tech fulfillment center at the Port of Tucson with
downtown Tucson with 80 new employees. Economic impact is projected at $38.6 million. 1,500 new jobs.
HTG Molecular develops proprietary gene expression assays for various tissue types and Atlas Copco will add 20 new employees to serve Arizona & New Mexico.
diseases. The company is expected to hire 13 new employees, with economic impact pro-
jected at $66.9 million. Burns McDonnell a full-service engineering, architecture, construction and consulting firm is
opening a new Tucson office with 20 employees.
Bayview Asset Management is a mortgage investment firm specializing in mortgage credit
investments. The company is expected to hire 95 new employees, with economic impact of Citi Tucson: Citigroup will be adding 639 new positions to support new contracts and plans
an estimated $139.8 million. a capital investment of $5 million.
Mathematica’s main focus is the innovation of programs to evaluate policy research. The Convergys will be adding 150 new employees at the Tucson location to support new con-
Company is expected to hire 75 new employees. Economic impacts are estimated at $35 tracts.
million.
GEICO has 2,100 existing employees and will build a new regional office at the Bridges,
GW Plastics is a global leader in plastic injection molding. The company plans to add 70 em- a mixed-use development located near I-10 and Kino Parkway, and hire an additional 861
ployees to their Tucson operations. Economic impact is estimated at $38 million. employees.
Otto Environmental Systems, a manufacturer and service provider in the collection and Mister Car Wash is expanding it Tucson-based headquarters with an additional 47 new
container industry, is estimated to hire 32 new employees. Total economic impact of nearly $9 employees.
million.
Northwest Healthcare has announced a new 18-bed hospital and expanded medical ser-
AAA of Arizona is adding 97 employees at the Tucson facility. vices on the southeast corner of I-19 and Sahuarita Road which will add 156 new jobs.
Ascensus adding 192 employees at new Tucson office. TuSimple an autonomous commercial vehicle technology company based in China has
opened a new facility in Tucson that will serve as a hub for testing autonomous semi-trucks.
Ernst & Young opened national executive support center with 125 jobs. The company anticipates creating 100 new jobs which will primarily be advanced engineering
positions, in addition to truck drivers and operators.
Hexagon Mining is relocating and expanding North American headquarters to downtown
Tucson with 140 jobs and adding 119 jobs over the next 5 years. AXISCADES, one of India’s leading technology solutions providers, announced its expan-
sion into Tucson, where it will create hundreds of jobs primarily in mechanical and electrical
Innovation Manufacturing Solutions is adding 65 new jobs to its facility. engineering.
Monsanto opening a new research facility near Marana, AZ with 60 new jobs. Texas Instruments to build a $29M facility on the last vacant parcel at the Williams Centre in
Tucson and add 35 high-paying jobs.
Northwest Medical Center is opening a new freestanding emergency department in Marana
Source: SUN CORRIDOR, Inc. - www.suncorridorinc.comsection 06
Tucson
Overviewsection 06 Tucson MSA
Tucson
Overview Demographics
KEY FACTS EDUCATION
1,039,768 39.0
Population
12%
Median Age
No High
School
34%
2.5 $51,163 Some College
Diploma
22% 32%
Average Median Household High School Bachelor's/Grad/Prof
Household Size Income Graduate Degree
BUSINESS EMPLOYMENT
63%
White Collar
18% 6.7%
Blue Collar
29,689 404,777 Unemployment
19% Rate
Total Businesses Total Employees
Services
INCOME HOUSING STATS
$51,163 $28,531 $86,317 $207,185 $7,048 $698
Median Household Per Capita Income Median Net Worth Median Home Value Average Spent on Median Contract
Income Mortgage & Basics Rentsection 06
Tucson
Overview
Why Live In Tucson?
Tucson Geography
Tucson is situated in the eastern portion of Pima County, Arizona in one of the lushest valleys found in the Sonoran Desert. Surrounded by five unique moun-
tain ranges, opportunities for outdoor exploration are endless. A quick drive along the Catalina Highway-Sky Island National Scenic Byway can take you from
the lower elevations of the valley floor to the summit of Mt. Lemmon at 9,157 feet. In roughly an hour this scenic drive traverses seven of the world’s nine life
zones—the span of ecosystems you’d see driving from Mexico to Canada.
The city is bordered on all sides by protected natural areas: Coronado National Forest, Catalina State Park, Ironwood Forest National Monument, and Sagua-
ro National Parks East and West (the best places to see the giant saguaro cactus native only to Southern Arizona and Native Mexico).
Because of the variety of terrain and proximity to protected areas and parks Tucson is widely considered one of the world’s best destinations for activities
such as hiking, cycling, rock climbing, horseback riding, and just about anything else you would want to do outdoors.
Tucson Climate
Boasting an average 350 sunny days a year and warm dry air, Tucson’s climate is ideal for outdoor recreation, with winter temperatures reaching average
highs of 64-75°F. Summer days are often hot with low humidity—great for indoor activities like museums, art galleries, and shopping or relaxing indoor or
poolside at one of the area’s world-famous spas or resorts. Cool mornings and evenings and long twilight hours throughout summer make for memorable
cookouts, patio dining, and activities like hiking and horseback riding. Golf can be enjoyed year-round with a host of pro-level courses. In summer months
both early morning and late afternoon tee times are available at reduced prices, making it even easier to hit the links.
Living in Tucson
Tucson is a destination that hosts nearly 7 million visitors a year; a place known for outstanding hiking and outdoor adventures, rich cultural traditions, a
vibrant arts scene, world-class golf and great dining; and a thriving desert home to more than 1 million residents. Designated as the first UNESCO Creative
City of Gastronomy in the United States, Tucson is also known worldwide for its culinary traditions and an amazing assortment of restaurants, including those
that comprise The Best 23 Miles of Mexican Food - without a doubt the premier destination for Mexican Food in the entire U.S.
The second-largest city in Arizona and the county seat of Pima County, Tucson is centered around the smaller towns of Oro Valley, Marana, Catalina, South
Tucson (an independent municipality just south of downtown), Sahuarita, Vail, and Green Valley.
Tucson is home to the University of Arizona—established as Arizona’s first university in 1885 and now a campus of more than 50,000 students and staff
from around the world. Tucson also hosts a large number of annual events drawing participants and spectators from around the world, including The Tucson
Gem, Mineral & Fossil Showcase, All Souls Procession, La Fiesta de los Vaqueros (Tucson Rodeo), Tucson Festival of Books, Tucson International Mariachi
Conference, El Tour de Tucson road bike race, and Cologuard Classic, a Tucson PGA TOUR Champions Tour Event.
This desert oasis is not only a premier vacation destination but also a great place to live, work, and play – Tucson is the Southwest at its best.section 06 Why Do Business In Tucson?
Tucson Tucson has what your business needs.
Overview A diverse and welcoming community, Tucson offers an outstanding quality of life
along with a low cost of doing business. Our manufacturers lead the way in inno-
vation, in sectors as varied as aerospace, biotech, defense, healthcare, informa-
tion technology, optics, solar, and water.
Tucson has the highest concentration of startups of any U.S. city its size and is
ranked as a top five city for entreprenuers by Entrepreneur Magazine.
Just 60 miles from the Mexico border, with high-capacity border and transporta-
tion infrastructure, Tucson is the natural choice for companies doing business in
the U.S. and Mexico.
Education
Tucson is proud of the achievements of its primary and secondary schools which
offer a wide variety of educational choices to area students.
The University of Arizona is the state’s premier research university, ranked among
the top 20 of public research universities nationwide. With a global reputation for
innovative research, University of Arizona faculty – including five Nobel Prize win-
ners – are helping create the next generation of knowledge workers.
#1 ranked Geology Department, and is a top producer of Fulbright Scholars
#3 in the nation by the NationalScience Foundation for physical sciences research
More NASA grants for space exploration research than any other university
Pima Community College, with six campuses, four education centers, and several
adult learning centers is one of the largest multi-campus community colleges
in the U.S. It provides traditional and online instruction for over 144 programs,
as well as workforce training, personal interest classes, and post-baccalaureate
certificates.
Tucson has 2 of the best high schools in the nation: Basis High School and Uni-
versity High School
The greater Tucson area has: 229 public schools in 17 districts in Pima County
(many with open enrollment options) and 84 charter schoolssection 06
Tucson
Overview
Research Parks
UA Tech Park
• One of the nation’s premier research and development facilities offering a unique environment dedicated to the transfer of technology from the laboratory to the
marketplace.
• Almost 2 million square feet of space featuring high tech office, R&D and laboratory facilities on 345 acres.
• Home to six Fortune 500 companies: Citigroup, CH2MHill, IBM, Oracle, Optum RX (United Healthcare Group), and Raytheon, as well as several emerging tech-
nology companies including NP Photonics, and DILAS Diode Laser.
• Home to the Arizona Center for Innovation, a technology business incubator.
• Home to two educational institutions - UA South and Vail Academy and High School.
UA Tech Park at The Bridges
• 65-acre park that is development ready in central Tucson
• Located two miles south of the University of Arizona Main Campus and within five miles of 40 biotech companies and organizations including three major research
hospitals: University of Arizona Medical Center, University of Arizona Medical Center South Campus and Southern Arizona VA Health Care System.
• Designed as an urban park
• Accommodates up to three million square feet of development ranging from single story to six story buildings.
• Incorporates the best practices for sustainable development, including 15 acres of designated open space and significant linkages for community engagement.
• Part of Tucson’s newest mixed use development- The Bridges. At build-out, this dynamic community will include sophisticated biotechnology office and laboratory
space, a regional shopping center, and residential development.section 06
Tucson
Overview
Downtown Redevelopment
Tucson’s vibrant downtown core is the place to experience the boundless cultural and outdoor festivals of the city. The Modern Streetcar links the downtown and the
University of Arizona invigorating the area with activity day and night.
Tucson boasts a vibrant arts community with numerous museums, including the Arizona State Museum, the Tucson Museum of Art, and the Center for Creative Pho-
tography. The Downtown Arts District is crowded with theaters, restaurants and performance spaces. The community supports a ballet, a symphony, an opera compa-
ny, and a jam-packed calendar of live music and performing arts choices.
The City’s new Sun Link Modern Streetcar line runs from the west side of downtown through the heart of the City, along the popular Fourth Avenue shopping district,
through the University of Arizona Main Campus, to the University Medical Center. Streetcar development has already brought over $600 million in private investment to
downtown Tucson.
Transportation & Logistics
Tucson is a vital transportation and distribution hub - Tucson’s unique location near Mexico and their deep-water ports, as well as its substantial transportation infra-
structure, means excellent access for trade, connecting people and products in today’s competitive global marketplace.
Tucson sits at the crossroads of Interstate 19 and Interstate 10 - I-10 is one of only three coast-to-coast highways in the country, and I-19 connects directly with
Mexico’s Federal Highway 15 through Nogales, Sonora, Mexico
Tucson established the first municipal airport in the United States - Tucson has long recognized the importance of air access, and Tucson International Airport (TIA)
continues to meet the aviation demands of both business travelers and freight, and it is a cornerstone of the region’s tourism and economic development. TIA’s world-
class facilities have a $3.2 billion economic impact and support approximately 35,000 jobs.
TIA plays a leading role in Tucson’s aerospace, industrial, logistics, transportation, and technology sectors - With over 3000 acres of developable land and only
6 miles south of downtown Tucson, TIA’s near-term plans focus on efficiency and sustainability, including development of an additional air-carrier runway and enhanced
connectivity of multi-modal transit and freight facilities.
The Port of Tucson - The Union Pacific’s main line runs east to west through Tucson, giving the City an advantage in transportation and logistics. The Port of Tucson, a
multifaceted rail facility, provides a wide variety of rail oriented transportation options including intermodal container handling, boxcar access, and team track.
Tucson Acclaims
Tucson’s geographic location makes it an ideal destination for outdoor activities and use of solar technology. The four mountain ranges surrounding the city provide
abundant hiking and cycling opportunities, while the 340+ days of sunshine a year has allowed the region to emerge as one of the leaders of technology development,
manufacturing and solar power generation.
#1 Bike Town in the U.S. - Outside Magazine | #2 Entrepreneurial Hot Spot | #5 Best Place for Outdoor Activities | #7 Community in the Nation for Energy Star Homes
#9 Cities Best Suited for Fitness and Walking | #10 Healthy Lifestyle Top 10 Places to Retiresection 06
Tucson
Overview
University of Arizona
In addition to the economic benefits the region’s natural surroundings offer, Tucson is home to the University of Arizona which is responsible for some of the most recog-
nized optics, astronomy, and medical industries in the nation. The University of Arizona was the largest regional employer in 2012 with 11,604 full-time employees and
has an economic impact of approximately $2.1 billion annual. In 2014, the annual Academic Ranking of World Universities placed the University of Arizona at No. 46
among U.S. schools and No. 86 worldwide.
#1 Ranking College of Science among observational, theoretical, and space astronomy programs in the U.S. – National Science Foundation
#1 Largest optics program among U.S. institutions – College of Optical Sciences
#1 Among U.S. business schools in the amount of federal grant support attracted by college faculty – Eller College of Management
#4 Ranking of the School of Art MFA Photography program among public institutions – U.S. News & World Report
19th in research and development expenditures among public universities with $650 million in federal funding – National Science FoundationsSingle Family Rental Homes
Tucson, AZ
4 SINGLE FAMILY RENTAL HOMES
For Investment Information Contact:
Lead Agent
Neil Davis Justin Lanné Mike Chapman
Multifamily Specialist Managing Director Senior Vice President
neil.davis@naihorizon.com justin.lanne@naihorizon.com mike.chapman@naihorizon.com
520 425 6102 520 907 3470 520 591 5188
2900 N Swan Rd, Suite 200
Tucson, AZ 85712
520 326 2200
naihorizon.com
Confidentiality & Disclaimer Statement
This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of Deebco Single Family Rentals Homes, Tucson, AZ.
This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Owner or the Property, to be all-inclusive or to contain all or part of the information that
prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market con-
ditions, competition, and other factors beyond the control of the Owner and NAI Horizon. Therefore, all projections, assumptions, and other information provided and made herein are subject to material variation. All references to acreages,
square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. Neither the Owner nor NAI Horizon,
nor any of their respective directors, officers, affiliates, or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment
or obligation shall arise by reason of your receipt of this Memorandum or use of its contents.
The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time, with or without notice, which may arise as
a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of
the Property have been fully executed, delivered, and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.
By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to
any other entity without the prior written authorization of the Owner or NAI Horizon. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or NAI Horizon.
In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Inter-
ested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.
If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to NAI Horizon.You can also read
