1840 W Valencia Road, Tucson, AZ 85746
$1,455,000
Property Type:
Commercial
Square Footage:
3,000
Lot Size (sq. ft.):
53
Status:
Closed
Current Price:
$1,455,000
List Date:
8/14/2017
Last Modified:
12/09/2024
Description
Great investment opportunity! Free-standing, recently remodeled Sprint store (NNN lease) on .66 acres just one-half mile from I-19, excellent visibility, located in the Lowe's Home Improvement center, just across from the new Fry's shopping center. 6% CAP Rate. Tucson C-2 zoning.
More Information MLS# 21721421
Address Information
Country: USA
Street #: 1840
Direction: W
Street Name: Valencia
Suffix: Road
State/Province: AZ
Zip Code: 85746
County: Pima
Location, Tax & Legal
Tax Year: 2016
Taxes: 12579.02
Assessments: 0
Legal Description: Radio Shack #3416 Lot 2
Municipality/Zoning: Tucson - C2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Tax Code: 137-33-9100
Area: Southwest
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $1,455,000
Sold Price: $1,455,000
Listing Date: 2017-08-14
Status: Closed
Status Change Info
Off Market Date: 2017-11-09
Sold Price/SqFt: 485
Lot Sz Sold Prc/SqFt: 50.87
Financing: Conventional
Pending Date: 2017-12-13
Sold Date: 2017-12-28
Sold Price: $1,455,000
Showing Information
Directions: From Valencia Road and I-19, proceed west to 1840. Pad building at Lowe's Home Improvement center.
General Property Information
Property Sub-Type: Retail
Construction Status: Existing
# Units: 1
Lot Dimensions: Approx 13' x 220'
Lot Acres: 0.66
Total Parking: 34
Lot Sqft: 28600
Multi-Tenant: No
Lot Size Source: Assessor
Source of SqFt: Other
Leasable SqFt: 0
List Price/SqFt: 505.33
Lot Size Price/SqFt: 53.01
Year Built: 2001
Combined SqFt: 3000
Electric
Electric Company: Tucson Electric Powe
Income
Vacancy Loss: 0
Other Income: 22000
Adjusted Gross: 112960
Total Expenses: 21200
Gross Scheduled Rent: 90960
Net Opp Income: 91760
Gas
None: 1
Analysis
Gross Rent Multi: 12.88
Vacancy Rate %: 0
Exp/SqFt: 7.07
Exp % of Gross: 18.77
Cap Rate %: 6.31
Expenses
Admin Expenses: 500
Captial Expenses: 0
CAM Fee/Mo: 1832
Contract Services: 4200
Figures Presented: Actual
Gas/Electric: 0
Insurance: 1900
Maintenance Supplies: 0
Management: 0
Resident Manager: 0
Taxes/Assessments: 14600
Water/Sewer: 0
Other Expenses: 0
Sewer
Connected: 1
Unit Information
Retail: Retail Pad
Water
Public: 1
Road Type
Paved: 1
Fenced Storage
No: 1
Lot Features
North/South Exposure: 1
Main Cooling
Central Air: 1
Main Heating
Electric: 1
Forced Air: 1
Terms
Cash: 1
Conventional: 1
Exchange: 1
Sold Info
Est. Closing Date: 2017-12-28
Seller Concessions: 0
Landscape - Front
Low Care: 1
Shrubs: 1
Sprinkler/Drip: 1
Trees: 1
Landscape - Rear
Low Care: 1
Shrubs: 1
Sprinkler/Drip: 1
Trees: 1
Parking
Paved Parking: 1
Business Location
Free Standing Bldg: 1
Freeway/Highway
Up to 1 Mile: 1
Property Disclosures
Unknown: 1
Remarks Misc
Geo Lat: 32.134338
Geo Lon: -111.005335
Property Features
Fenced Storage: No
Main Cooling: Central Air
Main Heating: Electric; Forced Air
Gas: None
Sewer: Connected
Water: Public
Landscape - Front: Low Care; Shrubs; Sprinkler/Drip; Trees
Landscape - Rear: Low Care; Shrubs; Sprinkler/Drip; Trees
Road Type: Paved
Parking: Paved Parking
Lot Features: North/South Exposure
Business Location: Free Standing Bldg
Terms: Cash; Conventional; Exchange
Property Disclosures: Unknown
Listing Office: Goldsmith Real Estate
Last Updated: December - 09 - 2024
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