$1,250,000
Tucson, AZ 85719
MLS# 20840641
Status: Closed
22242 sqft
1 / 21
Property Description
Prime central courtyard office building. Solid block building with 30+ offices. Close to U of A, and downtown. 90% leased at very reasonable rates
Details
Maps
Address Information
Street #: 2030
Direction: E
Street Name: Broadway
Suffix: Boulevard
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA
Location Tax Legal
Tax Code: 129-04-1750
Area: Central
Contract Information
Current Price: $1,250,000
Sold Price: $1,250,000
Listing Date: 2008-12-11
Status: Closed
Status Change Info
Off Market Date: 2009-09-28
Pending Date: 2009-06-24
Sold Date: 2009-09-28
Sold Price: $1,250,000
Sold Price/SqFt: 56.19
Lot Sz Sold Prc/SqFt: 56.39
Financing: Cash to Loan
Showing Information
Directions: From Campbell East on Broadway to 2030
General Property Information
Property Sub-Type: Professional/Office
# Units: 33
Year Built: 1958
Lot Dimensions: 140x153.5
Lot Acres: 0.51
Lot Sqft: 22166
Lot Size Source: Assessor
Combined SqFt: 22242
Source of SqFt: Assessor
List Price/SqFt: 75.98
Lot Size Price/SqFt: 76.24
Remarks Misc
Geo Lat: 32.221107
Geo Lon: -110.941251
Income
Gross Scheduled Rent: 330000
Vacancy Loss: 33000
Adjusted Gross: 297000
Total Expenses: 136400
Net Opp Income: 160600
Analysis
Cap Rate %: 9.5
Gross Rent Multi: 5.69
Vacancy Rate %: 10
Exp/SqFt: 6.13
Exp % of Gross: 45.92
Expenses
Contract Services: 18000
Figures Presented: Proforma
Gas/Electric: 48000
Insurance: 5400
Management: 18000
Taxes/Assessments: 41000
Water/Sewer: 6000
Property Features
A.D.A. Compliant: No
Phase 1 Report: Yes
Electric
3 Phase Power: Yes
Amps: 200
Master Meter: Yes
Sold Info
Selling Comments: Sweet
Property Features
Construction: Concrete Block
Main Cooling: Central Air
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Terms: Conventional
Property Disclosures: Lead Based Paint
Listing Office: Butera Real Estate, Inc.
Last Updated: October - 25 - 2024
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