$1,850,000
Tucson, AZ 85705
MLS# 21915627
Status: Closed
20800 sqft
1 / 39
Property Description
8% cap rate with an established 22 year old business with a new 10 year lease signed. Very few investments come along that allow you to enjoy peace of mind like this, steady cash flow and Grant Business complex is in a redevelopment stage where appreciation will be realized at high rates. Modified Gross - tenant pays everything but property taxes.
Details
Maps
Address Information
Street #: 1065
Direction: W
Street Name: Grant
Suffix: Road
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location Tax Legal
Tax Code: 115-16-0350
Area: Central
Contract Information
Current Price: $1,850,000
Sold Price: $1,850,000
Listing Date: 2019-06-11
Status: Closed
Short Sale: No
Status Change Info
Off Market Date: 2019-09-30
Pending Date: 2019-11-22
Sold Date: 2019-12-11
Sold Price: $1,850,000
Sold Price/SqFt: 88.94
Lot Sz Sold Prc/SqFt: 26.88
Financing: Cash
General Property Information
Property Sub-Type: Retail
Multi-Tenant: No
Year Built: 1996
Lot Dimensions: 335x195x296x148x94x36x10
Lot Acres: 1.58
Lot Sqft: 68825
Lot Size Source: Assessor
Combined SqFt: 20800
Source of SqFt: Assessor
Leasable SqFt: 20800
List Price/SqFt: 86.54
Lot Size Price/SqFt: 26.15
Remarks Misc
Geo Lat: 32.248112
Geo Lon: -110.988997
Income
Gross Scheduled Rent: 144000
Net Opp Income: 128920
Analysis
Cap Rate %: 8
Gross Rent Multi: 12.5
Expenses
Figures Presented: Actual
Taxes/Assessments: 15080
Unit Information
Other: Indoor Sports Comp
Property Features
Entertainment Center Equipped: Yes
A.D.A. Compliant: No
Space Information
Ceiling Height: 20+ft
Property Features
Construction: Steel Frame
Roof: Built-Up - Reflect
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Heat Pump
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: Handicap Convertible; Ramped Main Level; Wide Doorways
Security: Alarm Installed; Closed Circuit Camera(s); Security Lights; Window Bars
Fence: Chain Link
Landscape - Front: Low Care
Landscape - Rear: Low Care
Road Type: Paved
Parking: Paved Parking
Business Location: Business Park
Traffic Count: Over 200,000
Terms: Cash; Conventional
Property Disclosures: Unknown
Special Conditions: None
Listing Office: Manova Realty LLC
Last Updated: December - 11 - 2024
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