$1,000,000
Tucson, AZ 85746
MLS# 20744637
Status: Closed
18925 sqft
Property Description
18900 sqft Retail Center fully leased for past 10 years on 5.88 total acres. Excess acreage can be used to expand retail center AND residential homesites. 350 approx. frontage on Drexel and 366' apx frontage on Cardinal. Three parcels include: 137-14-213C, 213F, and 213G being sold below appraised value. Must be sold together for Estate purposes. NOTE: Appraisal states that rents can be increased to $180,250 from $123,543.
Details
Maps
Address Information
Street #: 2856
Direction: W
Street Name: Drexel
Suffix: Road
State/Province: AZ
Zip Code: 85746
County: Pima
Country: USA
Location Tax Legal
Tax Code: 137-14-213C
Area: Southwest
Contract Information
Current Price: $1,000,000
Sold Price: $1,000,000
Listing Date: 2007-11-07
Status: Closed
Status Change Info
Off Market Date: 2008-06-06
Pending Date: 2007-12-12
Sold Date: 2008-06-06
Sold Price: $1,000,000
Sold Price/SqFt: 52.84
Lot Sz Sold Prc/SqFt: 3.9
Financing: Conventional
Showing Information
Directions: Drexel Road & Cardinal Ave I-19/Valencia exit go west to Cardinal N to Drexel on the NE corner of Cardinal and Drexel
General Property Information
Property Sub-Type: Retail
Year Built: 1964
Lot Dimensions: Irregular
Lot Acres: 5.88
Lot Sqft: 256030
Lot Size Source: Assessor
Combined SqFt: 18925
Source of SqFt: Assessor
List Price/SqFt: 105.42
Lot Size Price/SqFt: 7.79
Remarks Misc
Geo Lat: 32.148988
Geo Lon: -111.026773
Income
Gross Scheduled Rent: 123500
Adjusted Gross: 123500
Total Expenses: 31512
Net Opp Income: 91988
Analysis
Cap Rate %: 4.61
Gross Rent Multi: 16.15
Exp/SqFt: 1.66
Exp % of Gross: 25.51
Expenses
Figures Presented: Actual
Gas/Electric: 75
Insurance: 5760
Maintenance Supplies: 1500
Management: 5406
Taxes/Assessments: 18456
Water/Sewer: 315
Property Features
A.D.A. Compliant: Yes
Phase 1 Report: No
Electric
3 Phase Power: No
Master Meter: Yes
Property Features
Construction: Slump Block
Main Cooling: Central Air
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Terms: Cash; Submit
Property Disclosures: Unknown
Listing Office: Long Realty
Last Updated: October - 25 - 2024
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