3321 N 1st Avenue, Tucson, AZ 85719
$2,437,500
Property Type:
Commercial
Square Footage:
24,167
Lot Size (sq. ft.):
74
Status:
Closed
Current Price:
$2,437,500
List Date:
11/18/2005
Last Modified:
10/25/2024
Description
The subject is a 24,167 SF U shaped multi-use retail center comprising approx. 18,908 SF in three separate buildings. In adition, there is an approx 5,259 sf building of multi-tenant storage/contractor bays (1 office buildout)in a 4th building behind the U-shape (second tax parcel # is 106-01-1680). REVISED SALES PRICE NOT REFLECTED IN LITED CAP RATE
More Information MLS# 2533842
Address Information
Country: USA
Street #: 3321
Direction: N
Street Name: 1st
Suffix: Avenue
State/Province: AZ
Zip Code: 85719
County: Pima
Location, Tax & Legal
Assessments: 0
Legal Description: LONG LEGAL FOR BOTH PARCELS ON FILE IN OFFICE
Municipality/Zoning: Tucson - C2
Fire Protection: Included in Taxes
Tax Code: 106-04-1670
Area: Central
Status Change Info
Off Market Date: 2006-06-30
Sold Price/SqFt: 100.86
Lot Sz Sold Prc/SqFt: 69.51
Financing: Other
Pending Date: 2006-05-12
Sold Date: 2006-06-30
Sold Price: $2,437,500
Showing Information
Directions: NORTH ON 1ST AVE FROM FT LOWELL TO ADDRESS ON WEST SSIDE OF THE STREET
General Property Information
Lot Dimensions: irregular
Lot Acres: 0.81
Lot Sqft: 35066
Lot Size Source: Appraiser
Source of SqFt: Appraiser
List Price/SqFt: 107.58
Lot Size Price/SqFt: 74.14
Year Built: 1985
Combined SqFt: 24167
Electric
3 Phase Power: No
Master Meter: No
Income
Vacancy Loss: 15937
Other Income: 64620
Adjusted Gross: 314310
Total Expenses: 81798
Gross Scheduled Rent: 265627
Net Opp Income: 232512
Analysis
Gross Rent Multi: 8.27
Vacancy Rate %: 5.99
Exp/SqFt: 3.38
Exp % of Gross: 26.02
Cap Rate %: 8.94
Construction
Precast Concrete: 1
Expenses
Figures Presented: Proforma
Other Expenses: 81798
Sewer
Connected: 1
Water
Public: 1
Property Features
A.D.A. Compliant: No
Phase 1 Report: Yes
# Grade Doors: 9
Main Cooling
Central Air: 1
Main Heating
Forced Air: 1
Natural Gas: 1
Terms
Cash: 1
Conventional: 1
Submit: 1
Property Disclosures
Unknown: 1
Contract Information
Current Price: $2,437,500
Sold Price: $2,437,500
Listing Date: 2005-11-18
Status: Closed
Remarks Misc
Geo Lat: 32.267525
Geo Lon: -110.961678
Property Features
Construction: Precast Concrete
Main Cooling: Central Air
Main Heating: Forced Air; Natural Gas
Sewer: Connected
Water: Public
Terms: Cash; Conventional; Submit
Property Disclosures: Unknown
Listing Office: The CHW Group, LLC
Last Updated: October - 25 - 2024
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