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INVESTMENT HIGHLIGHTS

Reasons To Purchase

La Quinta offers a buyer the opportunity to purchase 96 large units, averaging 885 square feet, in a highly desirable location near major medical and the Broadway Corridor. Benefits of purchasing La Quinta include the following:

TUCSON RENT GROWTH #4 IN THE NATION

  • Rent growth #4 in the nation from 1Q18 to 1Q19 with a 7.7% increase.
  • 5.2% rent growth in 2018 – outpaced most other markets from 4Q17 to 4Q18 and was ranked #5 in the nation.
  • 2017 rent growth was also top 5 in the nation at 5.4%.

STRONG OCCUPANCY - RENT GROWTH POTENTIAL

  • Current occupancy 98% (April 7, 2019) and Trailing 12 month occupancy 96% (T12 March 2019).

LOCATION

  • Broadway Corridor: La Quinta is ideally located one-half mile north of the Park Place Mall - the east/west center point of the Broadway Corridor.
  • Major Medical: Located within a one-mile radius of La Quinta are Carondelet St. Joseph's Hospital, El Dorado Health Campus, and multiple medical/dental offices. Additionally Tucson Medical Center is located 2.8 miles from the property. Over 5,000 jobs directly supported.

EMPLOYMENT

  • La Quinta presents an opportunity to purchase a property in east-central Tucson and capitalize on the strong job market.

 

6110 East. 5th Street Tucson, AZ 85711

BUILT 1971

UNPRICED OFFERING

84,960 SF±

96 UNITS

LOCATION

BERKADIA   |   2 East Congress Street | Suite 1050 | Tucson, AZ 85701  |   T: +1 520 299 7200

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