TUCSON, AZ (March 18, 2025) -- The multitenant office building at 800 E Wetmore in Tucson recently sold for $2.4 million ($52.15 PSF). The 38,464-square-foot building sits on 2.7 acres southeast of Wetmore and First Avenue in Tucson.
The asset sale closed on February 28, 2025.
At the time of sale, five office spaces totaling 25,514 square feet were available for lease. Individual spaces range from 2,085 to 13,960 square feet. The lease rate was $19.50 per square foot per year on a full-service basis. The building itself encompasses approximately 38,464 square feet of office space.
This two-story Class B office building, constructed in 1990 at the base of the Foothills, features 278 parking spaces at the Wetmore Road and 1st Avenue intersection and offers prominent signage opportunities.
Building Highlights include:
- Striking dark glass exterior with excellent signage
- Office improvements can be customized to suit tenant requirements
- Spacious lobby and outdoor patio, ideal for coworking
- Ample covered parking and a secured lot for company vehicles
- Convenient access to a variety of local amenities
- Outdoor areas are perfect for lunch breaks and entertaining
The buyer plans to update the interior lobby and suites and create a rear gate access to the neighboring Sprouts market. The buyer intends to occupy 3,800 SF under the business name Ajo Enterprises, Inc. and renovate the remaining suites for lease.
The seller, Wetmore 800, LLC of Tucson, was represented by Cushman & Wakefield | PICOR's team, Rick Kleiner, Tom Nieman, and Alexis Corona.
The buyer, Wetmore Tucson, LLC is an affiliate of Ajo Enterprises, Inc. c/o Jon Bradford, manager was represented by Realty One Group (Phoenix) Jason Miszuk.
For more information, the Cushman & Wakefield team can be reached at 520.748.7100, and Miszuk can be contacted at 623.236.1413.
To learn more, subscribers should refer to RED Comp #11766.