$2,000,000
Tucson, AZ 85714
MLS# 22119320
Status: Closed
18754 sqft
1 / 12
Property Description
Investment opportunity. Sale lease back opportunity with Sockwise, a worldwide provider/manufacturer of travel socks, hiking and athletic socks and diabetic patient use socks. Sockwise, founded in Italy produces a variety of compression socks for all kinds of work, sports, leisure fashion and healthcare. This facility is their US based location. Lease back terms shall be a 6 year lease guaranteed by escrow account, starting at $12,000 base rent per month on a NNN lease. This strategically located warehouse/office built in 2001 is located near I-10 and Tucson International Airport in Butterfield Business Park is 18,754 SF on a 1.54 acre CI-1 Zoned parcel. This class B building is about 15-20% office and has a loading dock.
Details
Maps
Documents
Address Information
Street #: 4575
Direction: S
Street Name: Coach
Suffix: Drive
State/Province: AZ
Zip Code: 85714
County: Pima
Country: USA
Location Tax Legal
Tax Code: 132-20-0220
Area: South
Contract Information
Current Price: $2,000,000
Sold Price: $2,000,000
Listing Date: 2021-07-26
Status: Closed
Method of Title: Fee (Simple)
Short Sale: No
Status Change Info
Off Market Date: 2021-08-11
Pending Date: 2021-10-18
Sold Date: 2021-10-19
Sold Price: $2,000,000
Sold Price/SqFt: 106.64
Lot Sz Sold Prc/SqFt: 29.89
Financing: Conventional
General Property Information
Property Sub-Type: Industrial
Construction Status: Existing
Multi-Tenant: No
Year Built: 2001
Lot Dimensions: Irregular
Lot Acres: 1.54
Lot Sqft: 66902
Lot Size Source: Assessor
Combined SqFt: 18754
Source of SqFt: Assessor
List Price/SqFt: 103.98
Lot Size Price/SqFt: 29.15
Remarks Misc
Geo Lat: 32.169688
Geo Lon: -110.914574
Income
Net Opp Income: 144000
Analysis
Cap Rate %: 7.38
Unit Information
Industrial: Business Park
Property Features
A.D.A. Compliant: Unknown
Space Information
Ceiling Height: 18ft
Door Width: 8ft
# Dock: 2
Warehouse Storage
Warehouse SqFt: 15301
Electric
Electric Company: TEP
3 Phase Power: Yes
Amps: 1200
Parking
Other: 61 spaces
Terms
Other: Leaseback
Property Features
Property Features: Conference Room; Drop Ceiling; Fire Sprinklers; Storage; Warehouse
Construction: Concrete Block
Roof: Built-Up
Space Information: Dock Leveler(s)
Fenced Storage: No
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Heat Pump; Natural Gas; Zoned
Gas: Natural
Sewer: Connected
Water: Public
Security: Alarm Installed
Fence: None
Landscape - Front: Decorative Gravel; Desert Plantings; Trees
Landscape - Rear: Natural Desert; Trees; None
Road Type: Chip/Seal
Parking: Parking Lights; Paved Parking
Lot Features: Adjacent to Wash; Corner Lot
Business Location: Business Park; Free Standing Bldg
Traffic Count: Up to 5,000
Possession: See Remarks
Submit With Offer: Lender Pre-Approval; Proof of Funds
Restrictions: CC&R
Floor plan 
Listing Office: RE/MAX Excalibur Realty
Last Updated: December - 14 - 2024
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