1103 Circulo Mercado, Rio Rico, AZ 85648
$1,500,000
Property Type:
Commercial
Square Footage:
14,495
Lot Size (sq. ft.):
31
Status:
Closed
Current Price:
$1,500,000
List Date:
3/01/2012
Last Modified:
12/06/2024
Description
Modern, 1-story masonry Office/Medical/Retail bldg w/approx. 14800sf rentable space. 95% leased. Gross over $200K annual. Cap Rate 8.5%. Excellent condition, well managed. Paved, lighted parking for 75+ cars. Front and rear vehicle access. Next to I-19 freeway and Rio Rico post office. Quality TIs and tenants.
More Information MLS# 21125082
Address Information
Country: USA
Street #: 1103
Street Name: Circulo Mercado
State/Province: AZ
Zip Code: 85648
County: Santa Cruz
Location, Tax & Legal
Tax Year: 2009
Taxes: 37557.02
Assessments: 0
Legal Description: Sub Rio Rico Unit 7 Blk 708 Lots 16, 17, 18 & 19
Municipality/Zoning: Other - CB2
Fire Protection: Included in Taxes
Tax Code: 114-50-055
Area: Santa Cruz
Status Change Info
Off Market Date: 2012-05-17
Sold Price/SqFt: 103.48
Lot Sz Sold Prc/SqFt: 28.24
Financing: Cash to Loan
Pending Date: 2012-04-15
Sold Date: 2012-07-27
Sold Price: $1,500,000
Showing Information
Directions: South on I-19 to Exit 17 (Yavapai/Rio Rico), R on W. Frontage Rd. 1/2 mile to Circulo Mercao and property.
General Property Information
# Units: 8
Lot Dimensions: 1.22 Acres
Lot Acres: 1.22
Lot Sqft: 53114
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 116.94
Lot Size Price/SqFt: 31.91
Year Built: 2005
Combined SqFt: 14495
Electric
3 Phase Power: Yes
Amps: 220
Income
Vacancy Loss: 10200
Adjusted Gross: 197400
Total Expenses: 56440.47
Gross Scheduled Rent: 207600
Net Opp Income: 140959.52
Analysis
Gross Rent Multi: 8.58
Vacancy Rate %: 4.91
Exp/SqFt: 3.89
Exp % of Gross: 28.59
Cap Rate %: 8.31
Construction
Masonry Stucco: 1
Expenses
Admin Expenses: 2548.46
Captial Expenses: 1000
CAM in Rent: 1
Contract Services: 2000
Figures Presented: Actual
Gas/Electric: 2110.6
Insurance: 1400
Maintenance Supplies: 5066
Management: 3600
Resident Manager: 0
Taxes/Assessments: 37557.02
Water/Sewer: 1158.4
Other Expenses: 0
Sewer
Connected: 1
Water
Public: 1
Property Features
A.D.A. Compliant: Yes
Phase 1 Report: Yes
# Grade Doors: 7
Main Cooling
Zoned: 1
Main Heating
Heat Pump: 1
Terms
Cash: 1
Conventional: 1
Exchange: 1
Owner Carry: 1
Submit: 1
Sold Info
Est. Closing Date: 2012-07-27
Property Disclosures
Unknown: 1
Contract Information
Current Price: $1,500,000
Sold Price: $1,500,000
Listing Date: 2011-09-03
Status: Closed
Remarks Misc
Geo Lat: 31.473138
Geo Lon: -111.000321
Property Features
Expenses: CAM in Rent
Construction: Masonry Stucco
Main Cooling: Zoned
Main Heating: Heat Pump
Sewer: Connected
Water: Public
Terms: Cash; Conventional; Exchange; Owner Carry; Submit
Property Disclosures: Unknown
Listing Office: Paul F. Elders
Last Updated: December - 06 - 2024
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo.
All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.