2856 W Drexel Road, Tucson, AZ 85746
$1,000,000
Property Type:
Commercial
Square Footage:
18,925
Lot Size (sq. ft.):
7
Status:
Closed
Current Price:
$1,000,000
List Date:
11/07/2007
Last Modified:
10/25/2024
Description
18900 sqft Retail Center fully leased for past 10 years on 5.88 total acres. Excess acreage can be used to expand retail center AND residential homesites. 350 approx. frontage on Drexel and 366' apx frontage on Cardinal. Three parcels include: 137-14-213C, 213F, and 213G being sold below appraised value. Must be sold together for Estate purposes. NOTE: Appraisal states that rents can be increased to $180,250 from $123,543.
More Information MLS# 20744637
Address Information
Country: USA
Street #: 2856
Direction: W
Street Name: Drexel
Suffix: Road
State/Province: AZ
Zip Code: 85746
County: Pima
Location, Tax & Legal
Tax Year: 2006
Taxes: 18456
Assessments: 0
Legal Description: MANZANITA MANOR No 3 N51' of E100' of 8200' of Lot 16 Blk 11 No 3 N366' of W321' of Lot 16 Blk 11
Municipality/Zoning: Pima County - CB1
Fire Protection: Included in Taxes
Tax Code: 137-14-213C
Area: Southwest
Status Change Info
Off Market Date: 2008-06-06
Sold Price/SqFt: 52.84
Lot Sz Sold Prc/SqFt: 3.9
Financing: Conventional
Pending Date: 2007-12-12
Sold Date: 2008-06-06
Sold Price: $1,000,000
Showing Information
Directions: Drexel Road & Cardinal Ave I-19/Valencia exit go west to Cardinal N to Drexel on the NE corner of Cardinal and Drexel
General Property Information
Property Sub-Type: Retail
Lot Dimensions: Irregular
Lot Acres: 5.88
Lot Sqft: 256030
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 105.42
Lot Size Price/SqFt: 7.79
Year Built: 1964
Combined SqFt: 18925
Electric
3 Phase Power: No
Master Meter: Yes
Income
Adjusted Gross: 123500
Total Expenses: 31512
Gross Scheduled Rent: 123500
Net Opp Income: 91988
Analysis
Gross Rent Multi: 16.15
Exp/SqFt: 1.66
Exp % of Gross: 25.51
Cap Rate %: 4.61
Construction
Slump Block: 1
Expenses
Figures Presented: Actual
Gas/Electric: 75
Insurance: 5760
Maintenance Supplies: 1500
Management: 5406
Taxes/Assessments: 18456
Water/Sewer: 315
Sewer
Connected: 1
Water
Public: 1
Property Features
A.D.A. Compliant: Yes
Phase 1 Report: No
Main Cooling
Central Air: 1
Main Heating
Forced Air: 1
Natural Gas: 1
Terms
Cash: 1
Submit: 1
Property Disclosures
Unknown: 1
Contract Information
Current Price: $1,000,000
Sold Price: $1,000,000
Listing Date: 2007-11-07
Status: Closed
Remarks Misc
Geo Lat: 32.148988
Geo Lon: -111.026773
Property Features
Construction: Slump Block
Main Cooling: Central Air
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Terms: Cash; Submit
Property Disclosures: Unknown
Listing Office: Long Realty
Last Updated: October - 25 - 2024
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