$2,300,000
Tucson, AZ 85704
MLS# 2201557
Status: Closed
12720 sqft
1 / 1
Property Description
Over 15% Return with new loan @ 7.5%.NNN Leases, Only 2 Tenants(Cricket Communications & Regional CPA Firm) 2002 Net Income $219,298, 2003 Net Income $228,158 New-Prime Location-Ida/Oracle Area,Expenses Pass To Tenants.One Story, Covered Parking,Easy Access To Foothills,Freeway,& Northwest. Sellers(LLC)Are Related To Listing Broker.Great For Investor/User 9.9 Cap Rate On NNN Leases
Details
Maps
Address Information
Country: USA
Street #: 6740
Direction: N
Street Name: Oracle
Suffix: Road
State/Province: AZ
Zip Code: 85704
County: Pima
Location, Tax & Legal
Tax Year: 2001
Taxes: 33528
Assessments: 0
Legal Description: Long Legal In Office
Municipality/Zoning: Pima County - CB1
Fire Protection: Included in Taxes
Tax Code: 102-03-150C3
Area: North
Status Change Info
Off Market Date: 2003-05-06
Sold Price/SqFt: 180.81
Lot Sz Sold Prc/SqFt: 51.76
Financing: Cash to Loan
Pending Date: 2003-05-06
Sold Date: 2003-05-06
Sold Price: $2,300,000
Showing Information
Directions: North On Oracle To Address
General Property Information
Property Sub-Type: Professional/Office
# Units: 2
Lot Dimensions: APP.230 X 175
Lot Acres: 1.02
Lot Sqft: 44431
Lot Size Source: Owner
Source of SqFt: Appraiser
List Price/SqFt: 180.82
Lot Size Price/SqFt: 51.76
Year Built: 2000
Combined SqFt: 12720
Electric
3 Phase Power: Yes
Master Meter: No
Income
Adjusted Gross: 260914
Total Expenses: 41315
Gross Scheduled Rent: 260914
Net Opp Income: 219599
Analysis
Gross Rent Multi: 8.82
Exp/SqFt: 3.25
Exp % of Gross: 15.83
Cap Rate %: 9.55
Construction
Frame - Stucco: 1
Expenses
CAM in Rent: 1
Contract Services: 7787
Figures Presented: Actual
Taxes/Assessments: 33528
Sewer
Connected: 1
Water
Water Company: Metropolitan
Property Features
A.D.A. Compliant: Yes
Phase 1 Report: Yes
Main Cooling
Zoned: 1
Main Heating
Natural Gas: 1
Zoned: 1
Terms
Cash: 1
Conventional: 1
Exchange: 1
Owner Carry: 1
Submit: 1
Sold Info
Down Payment: 962001
Est. Closing Date: 2003-05-06
Seller Concessions: 4173
Property Disclosures
Unknown: 1
Contract Information
Current Price: $2,300,000
Sold Price: $2,300,000
Listing Date: 2002-01-12
Status: Closed
Remarks Misc
Geo Lat: 32.329434
Geo Lon: -110.975711
Property Features
Expenses: CAM in Rent
Construction: Frame - Stucco
Main Cooling: Zoned
Main Heating: Natural Gas; Zoned
Sewer: Connected
Terms: Cash; Conventional; Exchange; Owner Carry; Submit
Property Disclosures: Unknown
Listing Office: Advisors in Real Estate, Inc.
Last Updated: October - 25 - 2024
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