Exclusive MultiFamily Offering

450 West Cool Drive

Tucson, AZ 85704

CALL FOR OFFERS - JUNE 5, 2019

reasons to purchase

ORO VALLEY, Arizona

  • Located in Oro Valley - upscale suburb of Tucson.
  • Lowest rents in the submarket.
  • March 2019 T12 Actual occupancy 95.3%.
  • March 2019 T-3 Rental Income is 7.5% higher than the March 2018 T-3 Rental Income.
  • Fastest-Growing City in Pima County.
  • 74% of Oro Valley residents are employed in white-collar positions.
  • 36% of Oro Valley households earn $100,000 or more annually.
  • Average household income within three miles of Saddle Ridge is $85,000.
  • Average home price within three miles of the property is $425,000.

substantial retail nearby

Oracle Road Road between Ina Road and Magee Road (including intersections) contains well over 500,000 SF of retail. These retailers include Whole Food's, Fry's Food and Drug, Albertsons, Sprouts Farmers Market, Basha's, Home Depot, Lowe’s Home Improvement, Conn’s HomePlus, PetSmart, Target, CVS, Dunn Edwards, along with many fine dining and fast-casual restaurants.

The Foothills Mall area, nearby the property, is undergoing renovations and is at the beginning stages of a complete redevelopment. These upgrades include constructing roads through the existing mall and the addition of more retail and likely one or more hotels.

450 West Cool Drive

Tucson, AZ 85704

In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116.  For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.aspx

Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc.