$1,250,000
Nogales, AZ 85621
MLS# 21121689
Status: Closed
81664 sqft
1 / 5
Property Description
Great Opportunity to purchase a 547 unit self storage facility offering a variety of sizes ranging in size from 24 sf to 1,140 sf. This property is located minutes from the border and I-19. This is an older facility with an outstanding price. A cell tower and U-Haul business go with the property.
Details
Maps
Address Information
Street #: 2085
Direction: N
Street Name: Grand
Suffix: Avenue
State/Province: AZ
Zip Code: 85621
County: Santa Cruz
Country: USA
Location Tax Legal
Tax Code: 102-01-036B
Area: Santa Cruz
Contract Information
Current Price: $1,250,000
Sold Price: $1,250,000
Listing Date: 2011-08-16
Status: Closed
Status Change Info
Off Market Date: 2011-10-20
Pending Date: 2011-10-17
Sold Date: 2011-11-10
Sold Price: $1,250,000
Sold Price/SqFt: 15.31
Lot Sz Sold Prc/SqFt: 6.69
Financing: Conventional
Showing Information
Directions: Mariposa and Grant Ave north to address.
General Property Information
# Units: 547
Year Built: 1984
Lot Dimensions: irregular
Lot Acres: 4.29
Lot Sqft: 186872
Lot Size Source: Assessor
Combined SqFt: 81664
Source of SqFt: Assessor
List Price/SqFt: 21.43
Lot Size Price/SqFt: 9.36
Remarks Misc
Geo Lat: 31.370005
Geo Lon: -110.931529
Income
Gross Scheduled Rent: 461652
Vacancy Loss: 184660
Other Income: 7000
Adjusted Gross: 283992
Total Expenses: 94032
Net Opp Income: 189960
Analysis
Cap Rate %: 10.85
Gross Rent Multi: 6.16
Vacancy Rate %: 40
Exp/SqFt: 1.15
Exp % of Gross: 33.11
Expenses
Admin Expenses: 7500
Figures Presented: Actual
Gas/Electric: 8100
Insurance: 2147
Maintenance Supplies: 8500
Management: 14892
Resident Manager: 18000
Taxes/Assessments: 24893
Other Expenses: 10000
Property Features
# Grade Doors: 16
A.D.A. Compliant: No
Phase 1 Report: No
Space Information
# Dock: 4
Electric
3 Phase Power: Yes
Master Meter: Yes
Property Features
Expenses: CAM in Rent
Construction: Concrete Block
Main Cooling: Central Air; Evaporative Cooling; None
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Terms: Cash; Conventional; Submit
Property Disclosures: Unknown
Listing Office: Madera Realty and Mortgage
Last Updated: December - 06 - 2024
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