$1,150,000
Benson, AZ 85602
MLS# 2423202
Status: Closed
50646 sqft
1 / 1
Property Description
Great upside potential when fully leased. Cap rate shown is based on actual current numbers. New Alco store has added $500K to $600K in new capital improvements. Alco pays half of CAMS shown here as Other Income. Other tenants are month to month, but most have been here for some time. Unit 1 rent shown is Alco. Unit 2 rent shown is all current tenants combined. Unit 3 rent shown is total for space now vacant.
Details
Maps
Address Information
Country: USA
Street #: 320
Direction: S
Street Name: Ocotillo
State/Province: AZ
Zip Code: 85602
County: Cochise
Location, Tax & Legal
Tax Year: 2003
Taxes: 29317
Assessments: 0
Legal Description: Long legal in office. Carl Mickler of Carl Mickler Realty 446-7808 is additional co-listing agent.
Municipality/Zoning: Benson - TR36
Fire Protection: Included in Taxes
Tax Code: 12319008C
Area: Benson/St. David
Status Change Info
Off Market Date: 2005-03-25
Sold Price/SqFt: 22.7
Lot Sz Sold Prc/SqFt: 5.85
Financing: Cash Owner Carryback
Pending Date: 2004-12-29
Sold Date: 2005-03-25
Sold Price: $1,150,000
Showing Information
Directions: From Tucson east on Interstate 10 to Benson exit 303. Take exit and continue to Ocotillo (first traffic light). Turn right to property on right.
General Property Information
Property Sub-Type: Retail
# Units: 18
Lot Dimensions: Irregular
Lot Acres: 4.51
Lot Sqft: 196368
Lot Size Source: Other
Source of SqFt: Owner
List Price/SqFt: 25.17
Lot Size Price/SqFt: 6.49
Year Built: 1974
Combined SqFt: 50646
Electric
3 Phase Power: Yes
Master Meter: No
Income
Vacancy Loss: 49926
Other Income: 23244
Adjusted Gross: 144016
Total Expenses: 53049
Gross Scheduled Rent: 170698
Net Opp Income: 90967
Analysis
Gross Rent Multi: 8.85
Vacancy Rate %: 29.24
Exp/SqFt: 1.04
Exp % of Gross: 36.83
Cap Rate %: 7.13
Construction
Metal: 1
Expenses
Figures Presented: Actual
Gas/Electric: 2100
Insurance: 7668
Taxes/Assessments: 29317
Water/Sewer: 3600
Other Expenses: 10364
Sewer
Connected: 1
Water
Public: 1
Property Features
A.D.A. Compliant: Yes
Phase 1 Report: Yes
Main Cooling
Zoned: 1
Main Heating
Forced Air: 1
Natural Gas: 1
Terms
Cash: 1
Conventional: 1
Submit: 1
Sold Info
Down Payment: 345000
Property Disclosures
Unknown: 1
Contract Information
Current Price: $1,150,000
Sold Price: $1,150,000
Listing Date: 2004-09-09
Status: Closed
Remarks Misc
Geo Lat: 31.966281
Geo Lon: -110.307876
Property Features
Construction: Metal
Main Cooling: Zoned
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Terms: Cash; Conventional; Submit
Property Disclosures: Unknown
Listing Office: Art Kelley, CCIM
Last Updated: October - 25 - 2024
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