4575 S Coach Drive, Tucson, AZ 85714 (MLS# 22119320)

4575 S Coach Drive, Tucson, AZ 85714

$2,000,000

Property Type: Commercial Square Footage: 18,754 Lot Size (sq. ft.): 66,902 Status: Closed

Current Price: $2,000,000 List Date: 7/28/2021 Last Modified: 12/14/2024

Overview

Description

Investment opportunity. Sale lease back opportunity with Sockwise, a worldwide provider/manufacturer of travel socks, hiking and athletic socks and diabetic patient use socks. Sockwise, founded in Italy produces a variety of compression socks for all kinds of work, sports, leisure fashion and healthcare. This facility is their US based location. Lease back terms shall be a 6 year lease guaranteed by escrow account, starting at $12,000 base rent per month on a NNN lease. This strategically located warehouse/office built in 2001 is located near I-10 and Tucson International Airport in Butterfield Business Park is 18,754 SF on a 1.54 acre CI-1 Zoned parcel. This class B building is about 15-20% office and has a loading dock.

Listing Details MLS# 22119320

Address Information

Street #: 4575
Direction: S
Street Name: Coach
Suffix: Drive
State/Province: AZ
Zip Code: 85714
County: Pima
Country: USA

Location, Tax & Legal

Tax Code: 132-20-0220
Area: South

General Property Information

Property Sub-Type: Industrial
Construction Status: Existing
Multi-Tenant: No
Year Built: 2001
Lot Dimensions: Irregular
Lot Acres: 1.54
Lot Sqft: 66902
Lot Size Source: Assessor
Combined SqFt: 18754
Source of SqFt: Assessor
List Price/SqFt: 103.98
Lot Size Price/SqFt: 29.15

Property Features

Property Features: Conference Room; Drop Ceiling; Fire Sprinklers; Storage; Warehouse Construction: Concrete Block Roof: Built-Up Space Information: Dock Leveler(s) Fenced Storage: No Main Cooling: Central Air; Evaporative Cooling Main Heating: Heat Pump; Natural Gas; Zoned Gas: Natural Sewer: Connected Water: Public Security: Alarm Installed Fence: None Landscape - Front: Decorative Gravel; Desert Plantings; Trees Landscape - Rear: Natural Desert; Trees; None Road Type: Chip/Seal Parking: Parking Lights; Paved Parking Lot Features: Adjacent to Wash; Corner Lot Business Location: Business Park; Free Standing Bldg Traffic Count: Up to 5,000 Possession: See Remarks Submit With Offer: Lender Pre-Approval; Proof of Funds Restrictions: CC&R

Contract Information

Method of Title: Fee (Simple)
Short Sale: No

Status Change Info

Off Market Date: 2021-08-11
Pending Date: 2021-10-18
Sold Date: 2021-10-19
Sold Price/SqFt: 106.64
Lot Sz Sold Prc/SqFt: 29.89
Financing: Conventional

More Information

Income

Net Opp Income: 144000

Analysis

Cap Rate %: 7.38

Unit Information

Industrial: Business Park

Property Features

A.D.A. Compliant: Unknown

Space Information

Ceiling Height: 18ft
Door Width: 8ft
# Dock: 2

Warehouse Storage

Warehouse SqFt: 15301

Electric

Electric Company: TEP
3 Phase Power: Yes
Amps: 1200

Parking

Other: 61 spaces

Terms

Other: Leaseback

Documents

Floor plan ›

Flyer ›

Listing Office: RE/MAX Excalibur Realty

Last Updated: December - 14 - 2024

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