SINGLE TENANT NNN CONDO SALE - Affluent Suburb of Tucson, AZ (Oro Valley) 10130 N. Oracle Road, Oro Valley, AZ 85704 - LoopNet
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ORO VALLEY
“Upscale Tech Mecca”
of Southern Arizona
SINGLE TENANT NNN CONDO SALE
Affluent Suburb of Tucson, AZ (Oro Valley)
10130 N. Oracle Road, Oro Valley, AZ 85704
PROPERTY OVERVIEW
We are pleased to offer to qualified investors an opportunity to purchase an office/medical/retail condo currently 100% occupied by BASIS.ed.
BASIS.ed uses this space as their administration headquarters with company’s founders being located here. BASIS.ed is a nationally recognized
and highly successful charter school with 26 locations in Arizona, Louisiana, Texas, and Washington D.C. In 2017 BASIS.ed had the #1, #2, #3,
#5, and #7 ranked high schools in the U.S.
This offering includes 5,200 SF for the entire 2nd floor of a 10,400 SF building located in an affluent suburb of Tucson, AZ (Oro Valley). The
building is part of the San Jose Plaza Association which is responsible for all operating expenses for the property. Moreover, positioned directly
behind a Fairfield Inn & Suites and next to Oro Valley Country Club and the El Conquistador Tucson, A Hilton Resort; this location provides a
desirable place to office and has multiple future use applications. This is an excellent opportunity to purchase a well maintained office/medical/
retail condo with attractive 2.8% annual rental increases and 2-5 year options in a fast growing suburb of Tucson, AZ.
BASIS ED | ORO VALLEY, AZ | PG. 2
PRICING DETAILS INVESTMENT HIGHLIGHTS
• 100% Occupied 5,200 SF Condo Sale - BASIS.ed’s Headquarters
List Price $1,395,000
NOI $94,163 (Founders Office out of this Location)
CAP Rate 6.75% • Nationally Recognized Charter School Operator
Taxes NNN • #1, #2, #3, #5, & #7 Best Ranked High Schools for 2017
Insurance NNN • Landlord Favorable NNN Lease - San Jose Plaza Association Pays All Operating Expenses
CAM NNN • Strong Vacancy Compression for Office Space in 2017
LEASE ABSTRACT • Attractive 3% Annual Fixed Rental Escalations - Inflation Hedge
BASIS.ed Charter School • 3 Years Remaining with 2-5 Yr Options
Tenant Trade Name
(Administration Office) • Affluent Suburb of Tucson, AZ (Oro Valley) - Next to El Conquistador,
Lease Start July 1, 2015 A Hilton Resort & Oro Valley Country Club
Lease Expiration May 31, 2021 • Strong Demographics - 29,746 Residents within 3-Mile Radius
Lease Term 6 Years • Affluent Neighborhood - AHHI of $91,628 within 3-Mile Radius
Term Remaining On Lease 3 Years
NOI $94,163
2.8% Annual Increases
Rental Adjustments 6/1/2019 - $96,811
6/1/2020 - $99,538
2 - 5 Year Options
Option Periods
3% Annual Increases
Lease Type NNN Lease
CAM (Including Roof, Tenant Responsible
HVAC, & Structure) ($2.32 PSF)
Insurance Tenant Responsible
Tenant Responsible
Taxes
($14,415.10)
BASIS ED | ORO VALLEY, AZ | PG. 3
.
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N. 7,14
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CHARTER SCHOOL
ADMIN. OFFICE
PARCEL DETAILS
APN -
Units (2nd Floor) 2,4,6,8,10
Total Units Size 5,200 SF
BASIS ED | ORO VALLEY, AZ | PG. 4
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CONDOMINIUMS
BASIS ED | ORO VALLEY, AZ | PG. 5
Arizona’s five Basis schools are nation’s best,
US News report finds
By Hank Stephenson
ARIZONA DAILY STAR
TENANT OVERVIEW
The top five high schools in the country are all in Arizona, and they’re
all Basis charter schools. Basis Oro Valley and Basis North Tucson were
BASIS Charter Schools is a charter management organization that operates the third- and fourth-best high schools in the country, respectively, beat
out only by Basis Scottsdale and Basis Chandler, according to U.S. News
a network of tuition-free charter schools in the United States, with schools & World Report’s 2018 Best High Schools rankings list. The fifth-ranked
school in the country was Basis Flagstaff.
located primarily in Arizona, where it was founded in 1998. BASIS Schools
The Tucson Unified School District’s University High School placed 27th
is a taxpayer-funded nonprofit organization. The schools are managed by in the country, according to the study, down from 15th last year. The
next-closest high ranker from the Tucson area was Catalina Foothills High
Basis Educational Group, a for-profit education management organization School, which clocked in at 670th-best school in the country, up from
798th last year.
with which it shares an address.
The list, published annually, looks at data from more than 20,000 schools
focusing on student outcomes with an emphasis on graduation rates
Their schools use a liberal arts curriculum with emphasis on STEM and and state proficiency tests. Diversity, enrollment, participation in free
and reduced-price lunch programs and Advance Placement are also
Advanced Placement courses and exams. The schools have continually considered.
topped U.S. national school rankings put out by The Washington Post and U.S. Of the more than 20,000 schools included in the report, roughly 2,700
schools made the list of 2018 Best High Schools. Other Tucson campuses
News & World Report. The charter school network also runs five independent included are: No. 1,755 - Vail Academy and High School, Vail Unified
School District.
schools located in San Jose, Fremont, Brooklyn, Manhattan, and McLean, No. 1,821 - Empire High School, Vail Unified School District.
No. 2,001 - Cienega High School, Vail Unified School District.
Virginia, and one International School in Shenzhen. No. 2,115 - Sabino High School, Tucson Unified School District.
BASIS ED | ORO VALLEY, AZ | PG. 6
ORO VALLEY, ARIZONA ACCOLADES
Oro Valley is a suburban town located 6 miles north of Tucson in • Oro Valley is ranked safest city in Arizona - Safe Home 2017
Pima County. According to the 2010 census, the population of the • Oro Valley named Arizona’s best small city - WalletHub 2017
• One of America’s 10 Safest Suburbs - Movoto Real Estate, 2014
town is 41,011, an increase from 29,700 in 2000 census. Dubbed the
• Best Place in Arizona to Raise Kids - Bloomberg Businessweek, 2013
“Upscale Tech Mecca” of Southern Arizona by the Arizona Daily Star
newspaper, Oro Valley is home to over 10 high tech firms and has a 43,565 $74,480
median household income nearly 50% higher than the U.S. median. Population Median Household Income
The town is located approximately 110 miles southeast of the state 17,364 $276,600
capital of Phoenix. Number of Households Median Home Value
BASIS ED | ORO VALLEY, AZ | PG. 7
MSA OVERVIEW
The Tucson MSA had an estimated population of 1,016,206 in 2016. Tucson is the second-largest populated city in Arizona behind Phoenix, both
of which anchor the Arizona Sun Corridor. Major incorporated suburbs of Tucson include Oro Valley and Marana northwest of the city, Sahuarita
south of the city, and South Tucson in an enclave south of downtown.
Top 10 Employers in Southern Arizona
University of Arizona Pima County
Raytheon Missile Systems Banner-University Medical Center
State of Arizona U.S. Customs and Border Protection
Davis-Monthan Air Force Base Freeport-McMoRan Inc.
Tucson Unified School District Walmart
• Arizona’s top private-sector employers ramped up hiring over
the past year, adding 14,000 net jobs
• Banner Health, the top non-government employer, pushed above
40,000 Arizona jobs with a hiring push
• Arizona has returned to the ranks of job-growth leaders amid
various signs of business momentum
BASIS ED | ORO VALLEY, AZ | PG. 8
Population 1-MILE 3-MILE 5-MILE
Estimated Population (2017) 5,326 30,287 80,407
Projected Population (2022) 5,545 30,999 82,767
Households 1-MILE 3-MILE 5-MILE
Estimated Households (2017) 2,669 13,087 34,533
CHARTER SCHOOL
Projected Households (2022) 2,778 13.403 35,537
ADMIN. OFFICE
BASIS ED | ORO VALLEY, AZ | PG. 9
$$
Income 1-MILE 3-MILE 5-MILE
Avg. Household Income (2017) $91,485 $91,896 $92,156
Median Household Income (2017) $70,717 $72,555 $69,827
Business Facts 1-MILE 3-MILE 5-MILE
Total # of Businesses (2017) 223 1,273 4,093
CHARTER SCHOOL
Total # of Employees (2017) 2,861 12,158 32,271 ADMIN. OFFICE
BASIS ED | ORO VALLEY, AZ | PG. 10This Offering Memorandum contains select information pertaining Owner and Colliers International expressly reserve the right, at their
to the business and affairs of Basis Ed, Oro Valley, AZ It has been sole discretion, to reject any and all expressions of interest or offers
prepared by Colliers International. This Offering Memorandum may to purchase the Property and to terminate discussions with any
not be all-inclusive or contain all of the information a prospective person or entity reviewing this Offering Memorandum or making an
purchaser may desire. The information contained in this Offering offer to purchase the Property unless and until a written agreement
Memorandum is confidential and furnished solely for the purpose of for the purchase and sale of the Property has been fully executed
a review by a prospective purchaser of the Property. It is not to be and delivered.
used for any other purpose or made available to any other person
without the written consent of Seller or Colliers International. The If you wish not to pursue negotiations leading to the acquisition
material is based in part upon information supplied by the Seller and of Basis Ed, Oro Valley, AZ or in the future you discontinue such
in part upon financial information obtained from sources it deems negotiations, then you agree to purge all materials relating to this
reliable. Owner, nor their officers, employees, or agents makes any Property including this Offering Memorandum.
representation or warranty, express or implied, as to the accuracy A prospective purchaser’s sole and exclusive rights with respect to
or completeness or this Offering Memorandum or any of its contents this prospective transaction, the Property, or information provided
and no legal liability is assumed or shall be implied with respect herein or in connection with the sale of the Property shall be limited
thereto. Prospective purchasers should make their own projections to those expressly provided in an executed Purchase Agreement and
and form their own conclusions without reliance upon the material shall be subject to the terms thereof. In no event shall a prospective
contained herein and conduct their own due diligence. purchaser have any other claims against Seller or Colliers International
By acknowledging your receipt of this Offering Memorandum from or any of their affiliates or any of their respective officers, Directors,
Colliers, you agree: shareholders, owners, employees, or agents for any damages,
liability, or causes of action relating to this solicitation process or the
1. The Offering Memorandum and its contents are confidential; marketing or sale of the Property.
2. You will hold it and treat it in the strictest of confidence; and This Offering Memorandum shall not be deemed to represent the
state of affairs of the Property or constitute an indication that there
3. You will not, directly or indirectly, disclose or permit anyone has been no change in the state of affairs of the Property since the
else to disclose this Offering Memorandum or its contents in date this Offering Memorandum.
any fashion or manner detrimental to the interest of the Seller.
Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and
reliability. This publication is the copyrighted property of Colliers International and /or its licensor(s) 2015. All rights reserved
BASIS ED | ORO VALLEY, AZ | PG. 11ORO VALLEY
“Upscale Tech Mecca”
of Southern Arizona
For More Information Contact:
Broker of Record
John Barnes | Vice President
License No. BRO26952000
602.222.5042
john.barnes@colliers.comYou can also read
