205 W Giaconda Way, -15, Tucson, AZ 85704 (MLS# 2201562)

205 W Giaconda Way, -15, Tucson, AZ 85704

$3,050,000
Property Type: Commercial Square Footage: 17,400 Lot Size (sq. ft.): 43 Status: Closed
Current Price: $3,050,000 List Date: 1/12/2002 Last Modified: 10/25/2024

Description

Over 25% Return with new 6.5% loan. Gross Rents 2002- $339,437 2003- $367,214 Great Location, Ina /Oracle , Brand New Construction,Actual Expenses Based on 2002(Tenants pays increase over base year-2001,Giaconda Corporate Center Offers One Story,24 Covered Parking Spaces , Each Unit Separately Metered.Easy Access To Foothills , Freeway & Northwest.10.3 Cap Rate

More Information MLS# 2201562

Address Information

Apt/Unit #: -15 Country: USA Street #: 205 Direction: W Street Name: Giaconda Suffix: Way State/Province: AZ Zip Code: 85704 County: Pima

Location, Tax & Legal

Tax Year: 2002 Taxes: 45463 Assessments: 0 Legal Description: Lot D,Casas Adobes Est.3-B Resubdivision Municipality/Zoning: Pima County - TR Fire Protection: Included in Taxes Tax Code: 102-03-131C8 Area: North

Status Change Info

Off Market Date: 2003-09-12 Sold Price/SqFt: 175.28 Lot Sz Sold Prc/SqFt: 44.31 Financing: Conventional Pending Date: 2003-04-09 Sold Date: 2003-09-12 Sold Price: $3,050,000

Showing Information

Directions: North On Oracle To Giaconda Way, East On Giaconda Way(One Street South Of Ina Road) To Address- Giaconda Corporate Center

General Property Information

Property Sub-Type: Professional/Office # Units: 9 Lot Dimensions: APPX 280X266 Lot Acres: 1.58 Lot Sqft: 68825 Lot Size Source: Owner Source of SqFt: Owner List Price/SqFt: 172.41 Lot Size Price/SqFt: 43.58 Year Built: 2000 Combined SqFt: 17400

Electric

3 Phase Power: Yes Amps: 200 Master Meter: No

Income

Vacancy Loss: 3630 Adjusted Gross: 363583 Total Expenses: 57794 Gross Scheduled Rent: 367213 Net Opp Income: 305789

Analysis

Gross Rent Multi: 8.25 Vacancy Rate %: 0.98 Exp/SqFt: 3.32 Exp % of Gross: 15.9 Cap Rate %: 10.19

Construction

Frame - Stucco: 1

Expenses

CAM in Rent: 1 Contract Services: 320 Figures Presented: Actual Gas/Electric: 883 Insurance: 3148 Maintenance Supplies: 5486 Taxes/Assessments: 45463 Water/Sewer: 1743 Other Expenses: 751

Sewer

Connected: 1

Water

Water Company: Metropolitan

Property Features

A.D.A. Compliant: Yes Phase 1 Report: No

Main Cooling

Zoned: 1

Main Heating

Heat Pump: 1

Terms

Cash: 1

Sold Info

Down Payment: 817000

Property Disclosures

Unknown: 1

Contract Information

Current Price: $3,050,000 Sold Price: $3,050,000 Listing Date: 2002-01-12 Status: Closed

Property Features

Expenses: CAM in Rent Construction: Frame - Stucco Main Cooling: Zoned Main Heating: Heat Pump Sewer: Connected Terms: Cash Property Disclosures: Unknown
Listing Office: Advisors in Real Estate, Inc.
Last Updated: October - 25 - 2024
205 W Giaconda Way, -15, Tucson, AZ 85704- MLS# 2201562
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