$1,455,000
Tucson, AZ 85746
MLS# 21721421
Status: Closed
3000 sqft
1 / 2
Property Description
Great investment opportunity! Free-standing, recently remodeled Sprint store (NNN lease) on .66 acres just one-half mile from I-19, excellent visibility, located in the Lowe's Home Improvement center, just across from the new Fry's shopping center. 6% CAP Rate. Tucson C-2 zoning.
Details
Address Information
Street #: 1840
Direction: W
Street Name: Valencia
Suffix: Road
State/Province: AZ
Zip Code: 85746
County: Pima
Country: USA
Location Tax Legal
Tax Code: 137-33-9100
Area: Southwest
Contract Information
Current Price: $1,455,000
Sold Price: $1,455,000
Listing Date: 2017-08-14
Status: Closed
Method of Title: Fee (Simple)
Short Sale: No
Status Change Info
Off Market Date: 2017-11-09
Pending Date: 2017-12-13
Sold Date: 2017-12-28
Sold Price: $1,455,000
Sold Price/SqFt: 485
Lot Sz Sold Prc/SqFt: 50.87
Financing: Conventional
General Property Information
Property Sub-Type: Retail
Construction Status: Existing
# Units: 1
Total Parking: 34
Multi-Tenant: No
Year Built: 2001
Lot Dimensions: Approx 13' x 220'
Lot Acres: 0.66
Lot Sqft: 28600
Lot Size Source: Assessor
Combined SqFt: 3000
Source of SqFt: Other
List Price/SqFt: 505.33
Lot Size Price/SqFt: 53.01
Remarks Misc
Geo Lat: 32.134338
Geo Lon: -111.005335
Showing Information
Directions: From Valencia Road and I-19, proceed west to 1840. Pad building at Lowe's Home Improvement center.
Income
Gross Scheduled Rent: 90960
Other Income: 22000
Adjusted Gross: 112960
Total Expenses: 21200
Net Opp Income: 91760
Analysis
Cap Rate %: 6.31
Gross Rent Multi: 12.88
Exp/SqFt: 7.07
Exp % of Gross: 18.77
Expenses
Admin Expenses: 500
CAM Fee/Mo: 1832
Contract Services: 4200
Figures Presented: Actual
Insurance: 1900
Taxes/Assessments: 14600
Unit Information
Retail: Retail Pad
Electric
Electric Company: Tucson Electric Powe
Sold Info
Est. Closing Date: 2017-12-28
Property Features
Fenced Storage: No
Main Cooling: Central Air
Main Heating: Electric; Forced Air
Gas: None
Sewer: Connected
Water: Public
Landscape - Front: Low Care; Shrubs; Sprinkler/Drip; Trees
Landscape - Rear: Low Care; Shrubs; Sprinkler/Drip; Trees
Road Type: Paved
Parking: Paved Parking
Lot Features: North/South Exposure
Business Location: Free Standing Bldg
Terms: Cash; Conventional; Exchange
Property Disclosures: Unknown
Listing Office: Goldsmith Real Estate
Last Updated: December - 09 - 2024
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