205 W Giaconda Way -15, Tucson, AZ 85704

$3,050,000
Property Type: Commercial Square Footage: 17,400 Lot Size (sq. ft.): 43 Status: Closed
Current Price: $3,050,000 List Date: 1/12/2002 Last Modified: 10/25/2024

Overview

Description

Over 25% Return with new 6.5% loan. Gross Rents 2002- $339,437 2003- $367,214 Great Location, Ina /Oracle , Brand New Construction,Actual Expenses Based on 2002(Tenants pays increase over base year-2001,Giaconda Corporate Center Offers One Story,24 Covered Parking Spaces , Each Unit Separately Metered.Easy Access To Foothills , Freeway & Northwest.10.3 Cap Rate

Listing Details MLS# 2201562

Address Information

Street #
205
Direction
W
Street Name
Giaconda
Suffix
Way
Apt/Unit #
-15
State/Province
AZ
Zip Code
85704
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
102-03-131C8
Area
North
Tax Year
2002
Taxes
45463
Assessments
0
Legal Description
Lot D,Casas Adobes Est.3-B Resubdivision
Municipality/Zoning
Pima County - TR
Fire Protection
Included in Taxes

General Property Information

Property Sub-Type
Professional/Office
# Units
9
Year Built
2000
Lot Dimensions
APPX 280X266
Lot Acres
1.58
Lot Sqft
68825
Lot Size Source
Owner
Combined SqFt
17400
Source of SqFt
Owner
List Price/SqFt
172.41
Lot Size Price/SqFt
43.58

Property Features

Expenses: CAM in Rent Construction: Frame - Stucco Main Cooling: Zoned Main Heating: Heat Pump Sewer: Connected Terms: Cash Property Disclosures: Unknown

Status Change Info

Off Market Date
2003-09-12
Pending Date
2003-04-09
Sold Date
2003-09-12
Sold Price/SqFt
175.28
Lot Sz Sold Prc/SqFt
44.31
Financing
Conventional

More Information

Showing Information

Directions
North On Oracle To Giaconda Way, East On Giaconda Way(One Street South Of Ina Road) To Address- Giaconda Corporate Center

Income

Gross Scheduled Rent
367213
Vacancy Loss
3630
Adjusted Gross
363583
Total Expenses
57794
Net Opp Income
305789

Analysis

Cap Rate %
10.19
Gross Rent Multi
8.25
Vacancy Rate %
0.98
Exp/SqFt
3.32
Exp % of Gross
15.9

Expenses

Contract Services
320
Figures Presented
Actual
Gas/Electric
883
Insurance
3148
Maintenance Supplies
5486
Taxes/Assessments
45463
Water/Sewer
1743
Other Expenses
751
CAM in Rent
Yes

Property Features

A.D.A. Compliant
Yes
Phase 1 Report
No

Electric

3 Phase Power
Yes
Amps
200
Master Meter
No

Water

Water Company
Metropolitan

Sold Info

Down Payment
817000

Construction

Frame - Stucco
Yes

Sewer

Connected
Yes

Main Cooling

Zoned
Yes

Main Heating

Heat Pump
Yes

Terms

Cash
Yes

Property Disclosures

Unknown
Yes
Listing Office: Advisors in Real Estate, Inc.
IDX
Last Updated: October - 25 - 2024
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