$1,150,000
Tucson, AZ 85705
MLS# 21424947
Status: Closed
27704 sqft
1 / 3
Property Description
25,538 SF of Net Rentable; 27,704 SF Gross Strip Center nearly completely occupied. Twenty-three spaces configured. Built in the 60's, new facade added in very late 1980s. Stable; many of the Tenants have been in place for 20-35 years. A unique Value Add opp., Financial APOD available with notes.
Details
Address Information
Street #: 902-954
Direction: W
Street Name: Prince
Suffix: Road
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location Tax Legal
Tax Code: 106-06-035A
Area: Central
Contract Information
Current Price: $1,150,000
Sold Price: $1,150,000
Listing Date: 2014-09-08
Status: Closed
Status Change Info
Off Market Date: 2014-12-10
Pending Date: 2014-12-10
Sold Date: 2015-01-29
Sold Price: $1,150,000
Sold Price/SqFt: 41.51
Lot Sz Sold Prc/SqFt: 14.78
Financing: Cash Owner Carryback
General Property Information
Property Sub-Type: Retail
# Units: 23
Year Built: 1961
Lot Dimensions: N/A
Lot Acres: 1.79
Lot Sqft: 77792
Lot Size Source: Assessor
Combined SqFt: 27704
Source of SqFt: Assessor
List Price/SqFt: 45.12
Lot Size Price/SqFt: 16.07
Remarks Misc
Geo Lat: 32.272371
Geo Lon: -110.98757
Showing Information
Directions: From Oracle East on Prince to address
Income
Gross Scheduled Rent: 186024
Vacancy Loss: 20463
Adjusted Gross: 165561
Total Expenses: 67413
Net Opp Income: 98148
Analysis
Cap Rate %: 8.53
Gross Rent Multi: 6.95
Vacancy Rate %: 11
Exp/SqFt: 2.43
Exp % of Gross: 40.72
Expenses
Figures Presented: Proforma
Other Expenses: 67413
Property Features
# Grade Doors: 2
A.D.A. Compliant: No
Phase 1 Report: No
Electric
3 Phase Power: No
Master Meter: No
Sold Info
Down Payment: 200000
Property Features
Construction: Masonry Stucco
Main Cooling: Central Air; Evaporative Cooling; Zoned
Main Heating: Other
Sewer: Connected
Water: Public
Terms: Cash; Conventional; Exchange; Owner Carry; Submit
Listing Office: Long Realty Company
Last Updated: December - 08 - 2024
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