2425 N Huachuca Drive, Tucson, AZ 85745 (MLS# 2512832)

2425 N Huachuca Drive, Tucson, AZ 85745

$1,300,000

Property Type: Commercial Square Footage: 26,560 Lot Size (sq. ft.): 20 Status: Closed

Current Price: $1,300,000 List Date: 5/16/2005 Last Modified: 10/25/2024

Overview

Description

Desirable location just off of I-10. Very flexible space-interior walls can be reconfigured. Vacant space is built out as office. Roof is new. 1.6 acres of I1. 6 roll ups and one dock. Both leases are true NNN. Loan is assumable. Loan fully ammortize and pays out in 2019. Adjust every 5 years 250 basis points over the 5 year TBill. Income is actual except 4900 SF of vacant NNN reimbrusement in 04 was $45,000.

Listing Details MLS# 2512832

Address Information

Street #: 2425
Direction: N
Street Name: Huachuca
Suffix: Drive
State/Province: AZ
Zip Code: 85745
County: Pima
Country: USA

Location, Tax & Legal

Tax Code: 107-03-1480
Area: West
Tax Year: 2005
Taxes: 27693
Assessments: 0
Legal Description: Lot 28 Grant Road Industrial Park
Municipality/Zoning: Tucson - I1
Fire Protection: Included in Taxes

General Property Information

Property Sub-Type: Industrial
# Units: 3
Year Built: 1972
Lot Dimensions: 200x347x200x347
Lot Acres: 1.6
Lot Sqft: 69514
Lot Size Source: Assessor
Combined SqFt: 26560
Source of SqFt: Owner
List Price/SqFt: 52.71
Lot Size Price/SqFt: 20.13

Property Features

Expenses: CAM in Rent Construction: Slump Block Main Cooling: Evaporative Cooling; Zoned Main Heating: Forced Air; Natural Gas Sewer: Connected Water: Public Terms: Cash; Conventional; Submit Property Disclosures: Unknown

Status Change Info

Off Market Date: 2005-10-11
Pending Date: 2005-06-13
Sold Date: 2005-10-11
Sold Price/SqFt: 48.94
Lot Sz Sold Prc/SqFt: 18.7
Financing: Conventional

More Information

Showing Information

Directions: West on Grant Road from I-10 to Huachuca then North to address

Income

Gross Scheduled Rent: 114385
Vacancy Loss: 9151
Other Income: 75012
Adjusted Gross: 180246
Total Expenses: 75012
Net Opp Income: 105234

Analysis

Cap Rate %: 7.51
Gross Rent Multi: 7.76
Vacancy Rate %: 8
Exp/SqFt: 2.82
Exp % of Gross: 41.61

Expenses

Admin Expenses: 2261
Figures Presented: Proforma
Gas/Electric: 11813
Insurance: 5631
Maintenance Supplies: 16594
Taxes/Assessments: 27693
Other Expenses: 11020
CAM in Rent: Yes

Property Features

# Grade Doors: 6
A.D.A. Compliant: No
Phase 1 Report: No

Space Information

# Dock: Yes

Electric

3 Phase Power: No
Master Meter: No

Construction

Slump Block: Yes

Sewer

Connected: Yes

Water

Public: Yes

Main Cooling

Evaporative Cooling: Yes
Zoned: Yes

Main Heating

Forced Air: Yes
Natural Gas: Yes

Terms

Cash: Yes
Conventional: Yes
Submit: Yes

Property Disclosures

Unknown: Yes

Documents

Lead Paint Discl ›

Listing Office: Long Realty Company

Last Updated: October - 25 - 2024

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