Tucson, AZ 85743

$2,000,000
Property Type: Commercial Square Footage: 8,540 Lot Size (sq. ft.): 52 Status: Closed
Current Price: $2,000,000 List Date: 7/17/2016 Last Modified: 12/09/2024

Overview

Description

Cap Rate 7.0. New retail development on Twin Peaks Rd.two tenants- NNN Leases(tenant pays all expenses- taxes,ins, etc.). Off Tucson's newest interchange- Twin Peaks Road, Great location.Twin Peaks Rd. now connects the two largest planned communities in Northwest Tucson. There are only two tenants for ease of management.Closest Retail Center to Tucson's new premium outlet Mall.

Listing Details MLS# 21619692

Address Information

State/Province
AZ
Zip Code
85743
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
226 11 8900
Area
West
Tax Year
2015
Taxes
22333.95
Assessments
0
Legal Description
Twin peaks Retail Center lot 2
Municipality/Zoning
Marana - CB1
Fire Protection
None

General Property Information

Property Sub-Type
Retail
# Units
2
Year Built
2009
Lot Dimensions
See Survey
Lot Acres
0.95
Lot Sqft
41181
Lot Size Source
Other
Combined SqFt
8540
Source of SqFt
Assessor
List Price/SqFt
251.26
Lot Size Price/SqFt
52.1

Property Features

Construction: Masonry Stucco Main Cooling: Central Air Main Heating: Heat Pump Sewer: Connected Water: Public Terms: Cash Property Disclosures: Unknown

Status Change Info

Off Market Date
2017-01-10
Pending Date
2017-01-10
Sold Date
2017-02-15
Sold Price/SqFt
234.19
Lot Sz Sold Prc/SqFt
48.57
Financing
Cash

More Information

Showing Information

Directions
I-10 to Twin Peaks exit, west to address

Income

Gross Scheduled Rent
150201.48
Net Opp Income
150201.48
Total Expenses
0

Analysis

Cap Rate %
7

Expenses

Figures Presented
Actual
Admin Expenses
0
Captial Expenses
0
Contract Services
0
Gas/Electric
0
Insurance
0
Maintenance Supplies
0
Management
0
Resident Manager
0
Taxes/Assessments
0
Water/Sewer
0
Other Expenses
0

Property Features

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

Electric

3 Phase Power
No
Amps
200
Master Meter
No

Construction

Masonry Stucco
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes

Main Heating

Heat Pump
Yes

Terms

Cash
Yes

Sold Info

Seller Concessions
0

Property Disclosures

Unknown
Yes

Documents

Listing Office: Advisors in Real Estate, Inc.
IDX
Last Updated: December - 09 - 2024
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