EXCLUSIVE MULTIFAMILY OFFERING

4561 W. Corte de Balde | Tucson, AZ 85746

53
UNITS

2022
YEAR BUILT

1,633
AVG SF

6.70
ACRES

the oPPORTUNITY

Berkadia is pleased to present an exceptional investment opportunity to acquire Roadrunner Estates (the “Property”), a brand-new, 53-home, best-in-class single-family-for-rent (SFR) community located in Tucson, Arizona.

Roadrunner Estates developed by D.R. Horton, America’s leading and features an attractive mix of 53 three-, four-, and five-bedroom homes averaging ±1,633 square feet. Each attractive home features tasteful interior aesthetics, private driveways, attached two-car garages and expansive, fenced backyards.

The city of Tucson is experiencing transformational growth, propelled by several recent, large-scale, and high-profile developments. Over $1 billion worth of construction is planned for the expansion to University of Arizona’s Tech Park (17 miles) that will include several large-scale buildings totaling over 5 million square feet. Tucson’s largest employer Raytheon Technology Corp (10 miles) is also undergoing a major expansion adding 559,000 square feet and bringing 3,000 new jobs to southern Tucson.

Strong job announcement and relative affordability have created remarkable growth dynamics in the Tucson real estate market. Tucson is currently ranked #9 in the nation among cities with the highest-bidding war rates as an influx of out-of-state buyers are battling for homes. The median price of a single-family home in metro Tucson has increased by 17.6% year-over-year.

Roadrunner Estates provides investors with the rare opportunity to acquire a newly constructed, single-family-for-rent community by America’s largest homebuilder in a fast-expanding sunbelt market.

 

investment highlights

  • Brand-New, Luxury SFR Community by America’s Largest Homebuilder, D.R. Horton: Rare, Low-Density, Concrete Construction
  • Well-Balanced Unit Mix of Three- and Four-Bedroom Homes: Roadrunner Estates boasts an attractive unit mix consisting of three-bedroom (45%), four-bedroom (46%), and five-bedroom (9%) homes averaging ±1,633 square feet
  • Attractive Home Features: Each spacious home comes complete with luxurious interiors, private driveways, two-car attached garage, and fenced backyards ​ ​
  • Burgeoning Sunbelt Growth Market: Ranked #9 in the nation among cities with highest-bidding war rates, remote work trends and Tucson’s relative affordability have created an influx of out-of-state buyers battling for homes
  • Outstanding Home Appreciation – Demand Outpacing Supply: The median price of a single-family home in metro Tucson has increased 17.6% YoY to $370,000
  • Tucson MSA SFR Rent Surge: #3 highest SFR rent growth (11.7%) among major western markets

 

County

Pima

Total Rentable Area

86,546

Average Unit Size

1,633

# of Homes

53

Stories

One

Average Market Rent

$2,129

Market Rent PSF

$1,985

Median HHI (1-Mi)

$67,244*

*Source: Census Bureau 2020 American Community Survey

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Contact Us

contact us

phoenix office

2525 E. Camelback Road
Suite 1150
Phoenix, AZ 85016
602.955.1122

BERKADIA TEAM

Investment Advisors

mark forrester

Senior Managing Director
602.526.4800
mark.forrester@berkadia.com

dan cheyne

Managing Director
602.327.4447
dan.cheyne@berkadia.com

kristin watson

Operations Director
602.445.1674
kristin.watson@berkadia.com

Mortgage Banking

CLAY AKIWENZIE

Managing Director
775.447.0595
clay.akiwenzie@berkadia.com

ANDREW CURTIS

Director
602.571.4190
andrew.curtis@berkadia.com

ric holway

Senior Managing Director
602.828.0074
ric.holway@berkadia.com

4561 W. Corte de Balde | Tucson, AZ 85746

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