1065 W Grant Road, Tucson, AZ 85705

$1,850,000
Property Type: Commercial Square Footage: 20,800 Lot Size (sq. ft.): 26 Status: Closed
Current Price: $1,850,000 List Date: 6/11/2019 Last Modified: 12/11/2024

Overview

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.

Listing Details MLS# 21915627

Address Information

Street #
1065
Direction
W
Street Name
Grant
Suffix
Road
State/Province
AZ
Zip Code
85705
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
115-16-0350
Area
Central
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

General Property Information

Property Sub-Type
Retail
Multi-Tenant
No
Year Built
1996
Lot Dimensions
335x195x296x148x94x36x10
Lot Acres
1.58
Lot Sqft
68825
Lot Size Source
Assessor
Combined SqFt
20800
Source of SqFt
Assessor
Leasable SqFt
20800
List Price/SqFt
86.54
Lot Size Price/SqFt
26.15

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

Contract Information

Short Sale
No

Status Change Info

Off Market Date
2019-09-30
Pending Date
2019-11-22
Sold Date
2019-12-11
Sold Price/SqFt
88.94
Lot Sz Sold Prc/SqFt
26.88
Financing
Cash

More Information

Income

Gross Scheduled Rent
144000
Net Opp Income
128920
Vacancy Loss
0

Analysis

Cap Rate %
8
Gross Rent Multi
12.5
Vacancy Rate %
0

Expenses

Figures Presented
Actual
Taxes/Assessments
15080

Unit Information

Other
Indoor Sports Comp

Property Features

Entertainment Center Equipped
Yes
A.D.A. Compliant
No

Space Information

Ceiling Height
20+ft

Gas

Natural
Yes

Construction

Steel Frame
Yes

Sewer

Connected
Yes

Roof

Built-Up - Reflect
Yes

Water

Public
Yes

Fence

Chain Link
Yes

Road Type

Paved
Yes

Main Cooling

Central Air
Yes
Evaporative Cooling
Yes

Main Heating

Heat Pump
Yes

Water Heater

Natural Gas
Yes

Terms

Cash
Yes
Conventional
Yes

Accessibility Option

Handicap Convertible
Yes
Ramped Main Level
Yes
Wide Doorways
Yes

Security

Alarm Installed
Yes
Closed Circuit Camera(s)
Yes
Security Lights
Yes
Window Bars
Yes

Sold Info

Seller Concessions
0

Landscape - Front

Low Care
Yes

Landscape - Rear

Low Care
Yes

Parking

Paved Parking
Yes

Business Location

Business Park
Yes

Traffic Count

Over 200,000
Yes

Property Disclosures

Unknown
Yes

Special Conditions

None
Yes
Listing Office: Manova Realty LLC
IDX
Last Updated: December - 11 - 2024
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