$3,050,000
Tucson, AZ 85704
MLS# 2201562
Status: Closed
17400 sqft
1 / 1
Property Description
Over 25% Return with new 6.5% loan. Gross Rents 2002- $339,437 2003- $367,214 Great Location, Ina /Oracle , Brand New Construction,Actual Expenses Based on 2002(Tenants pays increase over base year-2001,Giaconda Corporate Center Offers One Story,24 Covered Parking Spaces , Each Unit Separately Metered.Easy Access To Foothills , Freeway & Northwest.10.3 Cap Rate
Details
Address Information
Street #: 205
Direction: W
Street Name: Giaconda
Suffix: Way
Apt/Unit #: -15
State/Province: AZ
Zip Code: 85704
County: Pima
Country: USA
Location Tax Legal
Tax Code: 102-03-131C8
Area: North
Contract Information
Current Price: $3,050,000
Sold Price: $3,050,000
Listing Date: 2002-01-12
Status: Closed
Status Change Info
Off Market Date: 2003-09-12
Pending Date: 2003-04-09
Sold Date: 2003-09-12
Sold Price: $3,050,000
Sold Price/SqFt: 175.28
Lot Sz Sold Prc/SqFt: 44.31
Financing: Conventional
Showing Information
Directions: North On Oracle To Giaconda Way, East On Giaconda Way(One Street South Of Ina Road) To Address- Giaconda Corporate Center
General Property Information
Property Sub-Type: Professional/Office
# Units: 9
Year Built: 2000
Lot Dimensions: APPX 280X266
Lot Acres: 1.58
Lot Sqft: 68825
Lot Size Source: Owner
Combined SqFt: 17400
Source of SqFt: Owner
List Price/SqFt: 172.41
Lot Size Price/SqFt: 43.58
Income
Gross Scheduled Rent: 367213
Vacancy Loss: 3630
Adjusted Gross: 363583
Total Expenses: 57794
Net Opp Income: 305789
Analysis
Cap Rate %: 10.19
Gross Rent Multi: 8.25
Vacancy Rate %: 0.98
Exp/SqFt: 3.32
Exp % of Gross: 15.9
Expenses
Contract Services: 320
Figures Presented: Actual
Gas/Electric: 883
Insurance: 3148
Maintenance Supplies: 5486
Taxes/Assessments: 45463
Water/Sewer: 1743
Other Expenses: 751
Property Features
A.D.A. Compliant: Yes
Phase 1 Report: No
Electric
3 Phase Power: Yes
Amps: 200
Master Meter: No
Water
Water Company: Metropolitan
Sold Info
Down Payment: 817000
Property Features
Expenses: CAM in Rent
Construction: Frame - Stucco
Main Cooling: Zoned
Main Heating: Heat Pump
Sewer: Connected
Terms: Cash
Property Disclosures: Unknown
Listing Office: Advisors in Real Estate, Inc.
Last Updated: October - 25 - 2024
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