$933,000
Tucson, AZ 85743
MLS# 21227972
Status: Closed
5572 sqft
1 / 4
Property Description
Great investment opportunity 100% occupied with stable tenants in newer well maintained retail strip center (built in 2007). Excellent location. Based on current income this property has an 8.0 cap rate with upside potential. I believe by restructuring leases with tenants buyer will see a 9 cap rate going in with 2% to 3% increases year. Unit 2 has 5 years left on lease. Unit 1 and 3 on month to month.Call LA for more information.
Details
Maps
Address Information
Street #: 8553
Direction: N
Street Name: Silverbell
Suffix: Road
State/Province: AZ
Zip Code: 85743
County: Pima
Country: USA
Location Tax Legal
Tax Code: 221-21-003G
Area: West
Contract Information
Current Price: $933,000
Sold Price: $933,000
Listing Date: 2012-11-12
Status: Closed
Status Change Info
Off Market Date: 2013-07-22
Pending Date: 2013-09-09
Sold Date: 2013-09-09
Sold Price: $933,000
Sold Price/SqFt: 167.44
Lot Sz Sold Prc/SqFt: 34.56
Financing: Cash
General Property Information
Property Sub-Type: Retail
# Units: 3
Year Built: 2007
Lot Dimensions: 128 x 247 x 113 x 230
Lot Acres: 0.62
Lot Sqft: 27000
Lot Size Source: Appraiser
Combined SqFt: 5572
Source of SqFt: Assessor
List Price/SqFt: 214.47
Lot Size Price/SqFt: 44.26
Remarks Misc
Geo Lat: 32.362188
Geo Lon: -111.11871
Showing Information
Directions: N Silverbell Rd. 1.5 miles north of Cortaro Rd. on west side of street.
Income
Gross Scheduled Rent: 9250
Expenses
Figures Presented: Actual
Water
Water Company: Marana
Property Features
Construction: Frame - Stucco
Main Cooling: Zoned
Main Heating: Electric; Forced Air
Sewer: Connected
Terms: Cash; Submit
Property Disclosures: Unknown
Listing Office: Long Realty
Last Updated: December - 07 - 2024
Warning: Undefined array key "CompensationDisclaimer" in /srv/users/ems/apps/ems-website/public/wp-content/plugins/flexmls-idx/pages/listing-details.php on line 711
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.