2085 N Grand Avenue, Nogales, AZ 85621

$1,250,000
Property Type: Commercial Square Footage: 81,664 Lot Size (sq. ft.): 9 Status: Closed
Current Price: $1,250,000 List Date: 8/16/2011 Last Modified: 12/06/2024

Overview

Description

Great Opportunity to purchase a 547 unit self storage facility offering a variety of sizes ranging in size from 24 sf to 1,140 sf. This property is located minutes from the border and I-19. This is an older facility with an outstanding price. A cell tower and U-Haul business go with the property.

Listing Details MLS# 21121689

Address Information

Street #
2085
Direction
N
Street Name
Grand
Suffix
Avenue
State/Province
AZ
Zip Code
85621
County
Santa Cruz
Country
USA

Location, Tax & Legal

Tax Code
102-01-036B
Area
Santa Cruz
Tax Year
2010
Taxes
24893
Assessments
0
Legal Description
call office
Municipality/Zoning
Other - CALL
Fire Protection
Included in Taxes

General Property Information

# Units
547
Year Built
1984
Lot Dimensions
irregular
Lot Acres
4.29
Lot Sqft
186872
Lot Size Source
Assessor
Combined SqFt
81664
Source of SqFt
Assessor
List Price/SqFt
21.43
Lot Size Price/SqFt
9.36

Property Features

Expenses: CAM in Rent Construction: Concrete Block Main Cooling: Central Air; Evaporative Cooling; None Main Heating: Forced Air; Natural Gas Sewer: Connected Water: Public Terms: Cash; Conventional; Submit Property Disclosures: Unknown

Status Change Info

Off Market Date
2011-10-20
Pending Date
2011-10-17
Sold Date
2011-11-10
Sold Price/SqFt
15.31
Lot Sz Sold Prc/SqFt
6.69
Financing
Conventional

More Information

Showing Information

Directions
Mariposa and Grant Ave north to address.

Income

Gross Scheduled Rent
461652
Vacancy Loss
184660
Other Income
7000
Adjusted Gross
283992
Total Expenses
94032
Net Opp Income
189960

Analysis

Cap Rate %
10.85
Gross Rent Multi
6.16
Vacancy Rate %
40
Exp/SqFt
1.15
Exp % of Gross
33.11

Expenses

Admin Expenses
7500
Figures Presented
Actual
Gas/Electric
8100
Insurance
2147
Maintenance Supplies
8500
Management
14892
Resident Manager
18000
Taxes/Assessments
24893
Other Expenses
10000
Captial Expenses
0
CAM in Rent
Yes
Contract Services
0
Water/Sewer
0

Property Features

# Grade Doors
16
A.D.A. Compliant
No
Phase 1 Report
No

Space Information

# Dock
4

Electric

3 Phase Power
Yes
Master Meter
Yes

Construction

Concrete Block
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes
Evaporative Cooling
Yes
None
Yes

Main Heating

Forced Air
Yes
Natural Gas
Yes

Terms

Cash
Yes
Conventional
Yes
Submit
Yes

Property Disclosures

Unknown
Yes
Listing Office: Madera Realty and Mortgage
IDX
Last Updated: December - 06 - 2024
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