6740 N Oracle Road, Tucson, AZ 85704

$2,300,000
Property Type: Commercial Square Footage: 12,720 Lot Size (sq. ft.): 51 Status: Closed
Current Price: $2,300,000 List Date: 1/12/2002 Last Modified: 10/25/2024

Overview

Description

Over 15% Return with new loan @ 7.5%.NNN Leases, Only 2 Tenants(Cricket Communications & Regional CPA Firm) 2002 Net Income $219,298, 2003 Net Income $228,158 New-Prime Location-Ida/Oracle Area,Expenses Pass To Tenants.One Story, Covered Parking,Easy Access To Foothills,Freeway,& Northwest. Sellers(LLC)Are Related To Listing Broker.Great For Investor/User 9.9 Cap Rate On NNN Leases

Listing Details MLS# 2201557

Address Information

Street #
6740
Direction
N
Street Name
Oracle
Suffix
Road
State/Province
AZ
Zip Code
85704
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
102-03-150C3
Area
North
Tax Year
2001
Taxes
33528
Assessments
0
Legal Description
Long Legal In Office
Municipality/Zoning
Pima County - CB1
Fire Protection
Included in Taxes

General Property Information

Property Sub-Type
Professional/Office
# Units
2
Year Built
2000
Lot Dimensions
APP.230 X 175
Lot Acres
1.02
Lot Sqft
44431
Lot Size Source
Owner
Combined SqFt
12720
Source of SqFt
Appraiser
List Price/SqFt
180.82
Lot Size Price/SqFt
51.76

Property Features

Expenses: CAM in Rent Construction: Frame - Stucco Main Cooling: Zoned Main Heating: Natural Gas; Zoned Sewer: Connected Terms: Cash; Conventional; Exchange; Owner Carry; Submit Property Disclosures: Unknown

Status Change Info

Off Market Date
2003-05-06
Pending Date
2003-05-06
Sold Date
2003-05-06
Sold Price/SqFt
180.81
Lot Sz Sold Prc/SqFt
51.76
Financing
Cash to Loan

More Information

Showing Information

Directions
North On Oracle To Address

Income

Gross Scheduled Rent
260914
Adjusted Gross
260914
Total Expenses
41315
Net Opp Income
219599

Analysis

Cap Rate %
9.55
Gross Rent Multi
8.82
Exp/SqFt
3.25
Exp % of Gross
15.83

Expenses

Contract Services
7787
Figures Presented
Actual
Taxes/Assessments
33528
CAM in Rent
Yes

Property Features

A.D.A. Compliant
Yes
Phase 1 Report
Yes

Electric

3 Phase Power
Yes
Master Meter
No

Water

Water Company
Metropolitan

Sold Info

Down Payment
962001
Est. Closing Date
2003-05-06
Seller Concessions
4173

Construction

Frame - Stucco
Yes

Sewer

Connected
Yes

Main Cooling

Zoned
Yes

Main Heating

Natural Gas
Yes
Zoned
Yes

Terms

Cash
Yes
Conventional
Yes
Exchange
Yes
Owner Carry
Yes
Submit
Yes

Property Disclosures

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