$940,000
Tucson, AZ 85715
MLS# 21922348
Status: Closed
5980 sqft
1 / 15
Property Description
Priced at actual 7.5 % CAP rate! Numbers are ACTUAL and not based on ''proforma''. BEAUTIFUL 100% occupied retail/office strip center. AWESOME location on Tanque Verde near Grant Rd. Signage on Tanque Verde with visability from Grant. Ten separate business suites, each with an individual bathroom, electric meter and electric heat pump/ HVAC. Thriving businesses include a tailor, blood draw lab, counselor/therapist, dog groomer ++. Entire building is leased NNN with Tenants paying CAMS that include taxes, insurance, maintenance and repairs. Monthly CAMS are $210.00 for 8 suites and 238.00 for 2 slightly larger suites. Suites can be combined, with interior doors, or utilized separately, as business needs change. A quality property at a great CAP RATE.
Details
Maps
Address Information
Country: USA
Street #: 6644
Direction: E
Street Name: Tanque Verde
Suffix: Road
State/Province: AZ
Zip Code: 85715
County: Pima
Location, Tax & Legal
Tax Year: 2018
Taxes: 11199.82
Assessments: 0
Taxes For: Building & Land
Legal Description: N Cetrl Ptn SE4 NE4 NW4 LYG SE & Adj Tanque Verde Rd. .34 Ac Sec 6-14-15
Development Name: N/A
Municipality/Zoning: Tucson - C2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 133-16-004G
Area: Northeast
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $940,000
Sold Price: $940,000
Listing Date: 2019-08-26
Status: Closed
Status Change Info
Off Market Date: 2019-10-08
Sold Price/SqFt: 157.19
Lot Sz Sold Prc/SqFt: 63.47
Financing: Conventional
Pending Date: 2019-12-13
Sold Date: 2019-12-13
Sold Price: $940,000
General Property Information
Property Sub-Type: Retail
Construction Status: Existing
# Units: 10
Lot Dimensions: Irregular
Lot Acres: 0.34
Total Parking: 30
Lot Sqft: 14810
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
Leasable SqFt: 5980
List Price/SqFt: 165.55
Lot Size Price/SqFt: 66.85
Year Built: 1986
Combined SqFt: 5980
Showing Information
Directions: Pima/Tanque Verde east to address
Electric
Electric Company: TEP
Income
Vacancy Loss: 0
Other Income: 25142
Adjusted Gross: 98803
Total Expenses: 24012
Gross Scheduled Rent: 73661
Net Opp Income: 74791
Gas
None: 1
Analysis
Gross Rent Multi: 9.51
Vacancy Rate %: 0
Exp/SqFt: 4.02
Exp % of Gross: 24.3
Cap Rate %: 7.96
Construction
Frame - Stucco: 1
Expenses
Admin Expenses: 0
Captial Expenses: 0
CAM Fee/Mo: 210
Contract Services: 0
Figures Presented: Actual
Gas/Electric: 0
Insurance: 2015
Maintenance Supplies: 5169
Management: 0
Resident Manager: 0
Taxes/Assessments: 10913
Water/Sewer: 5915
Other Expenses: 0
Sewer
Connected: 1
Unit Information
Office: Office Building
Retail: Strip Center
Roof
Tile: 1
Water
Public: 1
Property Features
A.D.A. Compliant: Unknown
Fence
None: 1
Road Type
Paved: 1
Fenced Storage
No: 1
Lot Features
East/West Exposure: 1
Main Cooling
Central Air: 1
Main Heating
Electric: 1
Forced Air: 1
Water Heater
Electric: 1
Terms
Conventional: 1
Submit With Offer
Earnest Check: 1
Proof of Funds: 1
Accessibility Option
None: 1
Special Conditions
None: 1
Security
None: 1
Sold Info
Seller Concessions: 0
Selling Comments: AS IS Sale
Landscape - Rear
Decorative Gravel: 1
Desert Plantings: 1
Shrubs: 1
Sprinkler/Drip: 1
Parking
Paved Parking: 1
Freeway/Highway
Over 5.1 Miles: 1
Traffic Count
Unknown: 1
Possession
Recording: 1
Restrictions
CC&R: 1
Deed: 1
Property Disclosures
Deed Restrictions: 1
Easements: 1
Marketing Package Available: 1
Military Airport Vct: 1
Plat Map: 1
Remarks Misc
Geo Lat: 32.247418
Geo Lon: -110.850203
Property Features
Construction: Frame - Stucco
Roof: Tile
Fenced Storage: No
Main Cooling: Central Air
Main Heating: Electric; Forced Air
Water Heater: Electric
Gas: None
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Fence: None
Landscape - Rear: Decorative Gravel; Desert Plantings; Shrubs; Sprinkler/Drip
Road Type: Paved
Parking: Paved Parking
Lot Features: East/West Exposure
Traffic Count: Unknown
Terms: Conventional
Possession: Recording
Submit With Offer: Earnest Check; Proof of Funds
Property Disclosures: Deed Restrictions; Easements; Marketing Package Available; Military Airport Vct; Plat Map
Special Conditions: None
Restrictions: CC&R; Deed
Listing Office: Tierra Antigua Realty
Last Updated: September - 09 - 2026
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