$1,300,000
Tucson, AZ 85745
MLS# 2512832
Status: Closed
26560 sqft
Property Description
Desirable location just off of I-10. Very flexible space-interior walls can be reconfigured. Vacant space is built out as office. Roof is new. 1.6 acres of I1. 6 roll ups and one dock. Both leases are true NNN. Loan is assumable. Loan fully ammortize and pays out in 2019. Adjust every 5 years 250 basis points over the 5 year TBill. Income is actual except 4900 SF of vacant NNN reimbrusement in 04 was $45,000.
Details
Maps
Documents
Address Information
Street #: 2425
Direction: N
Street Name: Huachuca
Suffix: Drive
State/Province: AZ
Zip Code: 85745
County: Pima
Country: USA
Location Tax Legal
Tax Code: 107-03-1480
Area: West
Contract Information
Current Price: $1,300,000
Sold Price: $1,300,000
Listing Date: 2005-05-10
Status: Closed
Status Change Info
Off Market Date: 2005-10-11
Pending Date: 2005-06-13
Sold Date: 2005-10-11
Sold Price: $1,300,000
Sold Price/SqFt: 48.94
Lot Sz Sold Prc/SqFt: 18.7
Financing: Conventional
General Property Information
Property Sub-Type: Industrial
# Units: 3
Year Built: 1972
Lot Dimensions: 200x347x200x347
Lot Acres: 1.6
Lot Sqft: 69514
Lot Size Source: Assessor
Combined SqFt: 26560
Source of SqFt: Owner
List Price/SqFt: 52.71
Lot Size Price/SqFt: 20.13
Remarks Misc
Geo Lat: 32.251573
Geo Lon: -111.002978
Showing Information
Directions: West on Grant Road from I-10 to Huachuca then North to address
Income
Gross Scheduled Rent: 114385
Vacancy Loss: 9151
Other Income: 75012
Adjusted Gross: 180246
Total Expenses: 75012
Net Opp Income: 105234
Analysis
Cap Rate %: 7.51
Gross Rent Multi: 7.76
Vacancy Rate %: 8
Exp/SqFt: 2.82
Exp % of Gross: 41.61
Expenses
Admin Expenses: 2261
Figures Presented: Proforma
Gas/Electric: 11813
Insurance: 5631
Maintenance Supplies: 16594
Taxes/Assessments: 27693
Other Expenses: 11020
Property Features
# Grade Doors: 6
A.D.A. Compliant: No
Phase 1 Report: No
Space Information
# Dock: 1
Electric
3 Phase Power: No
Master Meter: No
Property Features
Expenses: CAM in Rent
Construction: Slump Block
Main Cooling: Evaporative Cooling; Zoned
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Terms: Cash; Conventional; Submit
Property Disclosures: Unknown
Lead Paint Discl Listing Office: Long Realty Company
Last Updated: October - 25 - 2024
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