$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
Country: USA
Street #: 8553
Direction: N
Street Name: Silverbell
Suffix: Road
State/Province: AZ
Zip Code: 85743
County: Pima
Location, Tax & Legal
Tax Year: 2012
Taxes: 21569.05
Assessments: 0
Legal Description: Parcel 1 RS 44/05 AKA PTN S2 NE4 0.65 AC SEC 28-12-12
Municipality/Zoning: Marana - NC
Fire Protection: Included in Taxes
Tax Code: 221-21-003G
Area: West
Status Change Info
Off Market Date: 2013-07-22
Sold Price/SqFt: 167.44
Lot Sz Sold Prc/SqFt: 34.56
Financing: Cash
Pending Date: 2013-09-09
Sold Date: 2013-09-09
Sold Price: $933,000
Showing Information
Directions: N Silverbell Rd. 1.5 miles north of Cortaro Rd. on west side of street.
General Property Information
Property Sub-Type: Retail
# Units: 3
Lot Dimensions: 128 x 247 x 113 x 230
Lot Acres: 0.62
Lot Sqft: 27000
Lot Size Source: Appraiser
Source of SqFt: Assessor
List Price/SqFt: 214.47
Lot Size Price/SqFt: 44.26
Year Built: 2007
Combined SqFt: 5572
Income
Total Expenses: 0
Gross Scheduled Rent: 9250
Construction
Frame - Stucco: 1
Expenses
Admin Expenses: 0
Captial Expenses: 0
Contract Services: 0
Figures Presented: Actual
Gas/Electric: 0
Insurance: 0
Maintenance Supplies: 0
Management: 0
Resident Manager: 0
Taxes/Assessments: 0
Water/Sewer: 0
Other Expenses: 0
Sewer
Connected: 1
Water
Water Company: Marana
Main Cooling
Zoned: 1
Main Heating
Electric: 1
Forced Air: 1
Terms
Cash: 1
Submit: 1
Property Disclosures
Unknown: 1
Contract Information
Current Price: $933,000
Sold Price: $933,000
Listing Date: 2012-11-12
Status: Closed
Remarks Misc
Geo Lat: 32.362188
Geo Lon: -111.11871
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
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