3100 N Stone Avenue, Tucson, AZ 85705 (MLS# 22320699)

3100 N Stone Avenue, Tucson, AZ 85705

$2,280,000

Property Type: Commercial Square Footage: 32,400 Lot Size (sq. ft.): 23 Status: Closed

Current Price: $2,280,000 List Date: 9/26/2023 Last Modified: 12/23/2024

Overview

Description

32,400 SF Multi-Tenant Industrial/Retail Building on 2.45 acres. 22 spaces, 12 with Roll up doors.

Listing Details MLS# 22320699

Address Information

Street #: 3100
Direction: N
Street Name: Stone
Suffix: Avenue
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA

Location, Tax & Legal

Tax Code: 107-11-092A
Area: Central
Tax Year: 2022
Taxes: 16659.96
Assessments: 0
Taxes For: Building & Land
Legal Description: Coronado Heights W220' Lots 8 & 9 BLK 5 Exc S2.00' & Spndrl , Lot 5 Blk 5, E 80' Lots 8 & 9 Blk 5
Development Name: Coronado Heights
Municipality/Zoning: Tucson - C2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No

General Property Information

Property Sub-Type: Industrial
Construction Status: Existing
# Units: 20
Total Parking: 40
Multi-Tenant: Yes
Year Built: 1986
Lot Dimensions: 299' X 357'
Lot Acres: 2.45
Lot Sqft: 106743
Lot Size Source: Assessor
Combined SqFt: 32400
Source of SqFt: Assessor
Leasable SqFt: 32400
List Price/SqFt: 78.7
Lot Size Price/SqFt: 23.89

Property Features

Property Features: Warehouse Construction: Concrete Block Roof: Built-Up Fenced Storage: No Main Cooling: Central Air; Evaporative Cooling; Wall Unit(s) Main Heating: Heat Pump Water Heater: Electric Sewer: Connected Water: Public Accessibility Option: None Security: Security Lights Fence: None Landscape - Front: Natural Desert Landscape - Rear: None Road Type: Paved Business Location: Business Park Traffic Count: Unknown Terms: Cash; Conventional Submit With Offer: Proof of Funds; Written Lender Approval Property Disclosures: None Special Conditions: None

Contract Information

Short Sale: No

Status Change Info

Off Market Date: 2024-01-30
Pending Date: 2024-04-01
Sold Date: 2024-04-03
Sold Price/SqFt: 70.37
Lot Sz Sold Prc/SqFt: 21.36
Financing: Conventional

More Information

Showing Information

Directions: From Ft. Lowell & Stone Ave, South on Stone Ave to subject.

Income

Gross Scheduled Rent: 304551
Vacancy Loss: 15228
Adjusted Gross: 289323
Net Opp Income: 210738
Other Income: 0

Analysis

Cap Rate %: 8
Gross Rent Multi: 7.88
Vacancy Rate %: 5
Exp % of Gross: 27

Expenses

Contract Services: 27950
Figures Presented: Proforma
Gas/Electric: 4400
Insurance: 6897
Maintenance Supplies: 5400
Management: 11573
Taxes/Assessments: 16345
Water/Sewer: 5800
Other Expenses: 220

Unit Information

Industrial: Flex Space
Retail: Specialty Center

Construction

Concrete Block: Yes

Sewer

Connected: Yes

Roof

Built-Up: Yes

Water

Public: Yes

Property Features

Warehouse: Yes

Fence

None: Yes

Road Type

Paved: Yes

Fenced Storage

No: Yes

Main Cooling

Central Air: Yes
Evaporative Cooling: Yes
Wall Unit(s): Yes

Main Heating

Heat Pump: Yes

Water Heater

Electric: Yes

Terms

Cash: Yes
Conventional: Yes

Submit With Offer

Proof of Funds: Yes
Written Lender Approval: Yes

Accessibility Option

None: Yes

Security

Security Lights: Yes

Sold Info

Seller Concessions: 0

Landscape - Front

Natural Desert: Yes

Landscape - Rear

None: Yes

Business Location

Business Park: Yes

Freeway/Highway

Up to 1 Mile: Yes

Traffic Count

Unknown: Yes

Property Disclosures

None: Yes

Special Conditions

None: Yes

Listing Office: Coldwell Banker Realty

Last Updated: December - 23 - 2024

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