319 W Simpson St | Tucson, AZ 85701
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319 W Simpson St
Tucson, AZ 85701
La Suprema · Office Property For Sale
Investment Highlights
- Unique opportunity to own an iconic building
Executive Summary
Unique opportunity to own an iconic building in Tucson’s most coveted historic neighborhood. The La Suprema building, formerly a tortilla factory, was thoughtfully renovated in 2019 and now houses Tucson’s premier co-working and event space. The interior is exquisite with high ceilings, natural plaster adobe walls, and great natural lighting.
The courtyard is beautiful and perfect for meetings and events. Nestled in the sought-after Barrio Viejo neighborhood (listed in the New York Times’ as "52 Places to Go in 2023” list), the La Suprema building is steps away from the Tucson Convention Center, restaurants and arts district, and a short walk to downtown.
The building is 100% leased through July 31,2025, Barrio Viejo Works and Events is the successful operator of this co-working space, the former owner, and the original tenant of the building. They regularly have a wait list for their office spaces. The current NNN rent is $10,000 per month and will increase to $10,417 per month during 2024. The last six months of the term during 2025 will increase to $11,000 per month.
This very special property is available as an investment property and/or to customize to your needs.
The courtyard is beautiful and perfect for meetings and events. Nestled in the sought-after Barrio Viejo neighborhood (listed in the New York Times’ as "52 Places to Go in 2023” list), the La Suprema building is steps away from the Tucson Convention Center, restaurants and arts district, and a short walk to downtown.
The building is 100% leased through July 31,2025, Barrio Viejo Works and Events is the successful operator of this co-working space, the former owner, and the original tenant of the building. They regularly have a wait list for their office spaces. The current NNN rent is $10,000 per month and will increase to $10,417 per month during 2024. The last six months of the term during 2025 will increase to $11,000 per month.
This very special property is available as an investment property and/or to customize to your needs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
5,031 SF
Building Class
B
Year Built
1926
Price
£1,306,931
Price Per SF
£260
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
5,031 SF
Building FAR
0.50
Lot Size
0.23 AC
Zoning
HC-3, Tucson - Historic Commercial District
Amenities
- Bus Route
- Conferencing Facility
- Courtyard
- Property Manager on Site
- Security System
- Roof Lights
- Kitchen
- Natural Light
- Wi-Fi
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 117-14-0200 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £50,559 |
PROPERTY TAXES
Parcel Number
117-14-0200
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£50,559
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