$1,850,000
Tucson, AZ 85705
MLS# 21915627
Status: Closed
20800 sqft
1 / 39
Property Description
8% cap rate with an established 22 year old business with a new 10 year lease signed. Very few investments come along that allow you to enjoy peace of mind like this, steady cash flow and Grant Business complex is in a redevelopment stage where appreciation will be realized at high rates. Modified Gross - tenant pays everything but property taxes.
Details
Maps
Address Information
Country: USA
Street #: 1065
Direction: W
Street Name: Grant
Suffix: Road
State/Province: AZ
Zip Code: 85705
County: Pima
Location, Tax & Legal
Tax Year: 2017
Taxes: 15080.22
Assessments: 0
Legal Description: From Parcel:11516004D /Grant Interstate Commons Lot 7
Municipality/Zoning: Tucson - I1
Fire Protection: Included in Taxes
Tax Code: 115-16-0350
Area: Central
Contract Information
Short Sale: No
Current Price: $1,850,000
Sold Price: $1,850,000
Listing Date: 2019-06-11
Status: Closed
Status Change Info
Off Market Date: 2019-09-30
Sold Price/SqFt: 88.94
Lot Sz Sold Prc/SqFt: 26.88
Financing: Cash
Pending Date: 2019-11-22
Sold Date: 2019-12-11
Sold Price: $1,850,000
General Property Information
Property Sub-Type: Retail
Lot Dimensions: 335x195x296x148x94x36x10
Lot Acres: 1.58
Lot Sqft: 68825
Multi-Tenant: No
Lot Size Source: Assessor
Source of SqFt: Assessor
Leasable SqFt: 20800
List Price/SqFt: 86.54
Lot Size Price/SqFt: 26.15
Year Built: 1996
Combined SqFt: 20800
Income
Vacancy Loss: 0
Gross Scheduled Rent: 144000
Net Opp Income: 128920
Gas
Natural: 1
Analysis
Gross Rent Multi: 12.5
Vacancy Rate %: 0
Cap Rate %: 8
Construction
Steel Frame: 1
Expenses
Figures Presented: Actual
Taxes/Assessments: 15080
Sewer
Connected: 1
Unit Information
Other: Indoor Sports Comp
Roof
Built-Up - Reflect: 1
Water
Public: 1
Property Features
A.D.A. Compliant: No
Entertainment Center Equipped: Yes
Fence
Chain Link: 1
Space Information
Ceiling Height: 20+ft
Road Type
Paved: 1
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Main Heating
Heat Pump: 1
Water Heater
Natural Gas: 1
Terms
Cash: 1
Conventional: 1
Accessibility Option
Handicap Convertible: 1
Ramped Main Level: 1
Wide Doorways: 1
Security
Alarm Installed: 1
Closed Circuit Camera(s): 1
Security Lights: 1
Window Bars: 1
Sold Info
Seller Concessions: 0
Landscape - Front
Low Care: 1
Landscape - Rear
Low Care: 1
Parking
Paved Parking: 1
Business Location
Business Park: 1
Traffic Count
Over 200,000: 1
Property Disclosures
Unknown: 1
Special Conditions
None: 1
Remarks Misc
Geo Lat: 32.248112
Geo Lon: -110.988997
Property Features
Construction: Steel Frame
Roof: Built-Up - Reflect
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Heat Pump
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: Handicap Convertible; Ramped Main Level; Wide Doorways
Security: Alarm Installed; Closed Circuit Camera(s); Security Lights; Window Bars
Fence: Chain Link
Landscape - Front: Low Care
Landscape - Rear: Low Care
Road Type: Paved
Parking: Paved Parking
Business Location: Business Park
Traffic Count: Over 200,000
Terms: Cash; Conventional
Property Disclosures: Unknown
Special Conditions: None
Listing Office: Manova Realty LLC
Last Updated: December - 11 - 2024
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