4575 S Coach Drive, Tucson, AZ 85714
$2,000,000
Property Type:
Commercial
Square Footage:
18,754
Lot Size (sq. ft.):
29
Status:
Closed
Current Price:
$2,000,000
List Date:
7/28/2021
Last Modified:
12/14/2024
Description
Investment opportunity. Sale lease back opportunity with Sockwise, a worldwide provider/manufacturer of travel socks, hiking and athletic socks and diabetic patient use socks. Sockwise, founded in
Italy produces a variety of compression socks for all kinds of work, sports, leisure
fashion and healthcare. This facility is their US based location. Lease back terms shall be a 6 year lease guaranteed by escrow account, starting at $12,000 base rent per month on a NNN lease. This strategically located warehouse/office built in 2001 is located near I-10 and Tucson International Airport in Butterfield Business Park is 18,754 SF on a 1.54 acre CI-1 Zoned parcel. This class B building is about 15-20% office and has a loading dock.
More Information MLS# 22119320
Address Information
Country: USA
Street #: 4575
Direction: S
Street Name: Coach
Suffix: Drive
State/Province: AZ
Zip Code: 85714
County: Pima
Location, Tax & Legal
Tax Year: 2020
Taxes: 25380.56
Assessments: 0
Legal Description: Butterfield Business Center Lot 15
Municipality/Zoning: Pima County - CI1
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 132-20-0220
Area: South
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $2,000,000
Sold Price: $2,000,000
Listing Date: 2021-07-26
Status: Closed
Status Change Info
Off Market Date: 2021-08-11
Sold Price/SqFt: 106.64
Lot Sz Sold Prc/SqFt: 29.89
Financing: Conventional
Pending Date: 2021-10-18
Sold Date: 2021-10-19
Sold Price: $2,000,000
General Property Information
Property Sub-Type: Industrial
Construction Status: Existing
Lot Dimensions: Irregular
Lot Acres: 1.54
Lot Sqft: 66902
Multi-Tenant: No
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 103.98
Lot Size Price/SqFt: 29.15
Year Built: 2001
Combined SqFt: 18754
Electric
3 Phase Power: Yes
Amps: 1200
Electric Company: TEP
Gas
Natural: 1
Construction
Concrete Block: 1
Sewer
Connected: 1
Unit Information
Industrial: Business Park
Roof
Built-Up: 1
Water
Public: 1
Property Features
A.D.A. Compliant: Unknown
Conference Room: 1
Drop Ceiling: 1
Fire Sprinklers: 1
Storage: 1
Warehouse: 1
Fence
None: 1
Space Information
# Dock: 2
Ceiling Height: 18ft
Dock Leveler(s): 1
Door Width: 8ft
Road Type
Chip/Seal: 1
Warehouse Storage
Warehouse SqFt: 15301
Fenced Storage
No: 1
Lot Features
Adjacent to Wash: 1
Corner Lot: 1
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Main Heating
Heat Pump: 1
Natural Gas: 1
Zoned: 1
Terms
Other: Leaseback
Submit With Offer
Lender Pre-Approval: 1
Proof of Funds: 1
Security
Alarm Installed: 1
Sold Info
Seller Concessions: 0
Landscape - Front
Decorative Gravel: 1
Desert Plantings: 1
Trees: 1
Landscape - Rear
Natural Desert: 1
Trees: 1
None: 1
Parking
Parking Lights: 1
Paved Parking: 1
Other: 61 spaces
Business Location
Business Park: 1
Free Standing Bldg: 1
Freeway/Highway
Up to 1 Mile: 1
Traffic Count
Up to 5,000: 1
Possession
See Remarks: 1
Restrictions
CC&R: 1
Remarks Misc
Geo Lat: 32.169688
Geo Lon: -110.914574
Income
Net Opp Income: 144000
Analysis
Cap Rate %: 7.38
Property Features
Property Features: Conference Room; Drop Ceiling; Fire Sprinklers; Storage; Warehouse
Construction: Concrete Block
Roof: Built-Up
Space Information: Dock Leveler(s)
Fenced Storage: No
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Heat Pump; Natural Gas; Zoned
Gas: Natural
Sewer: Connected
Water: Public
Security: Alarm Installed
Fence: None
Landscape - Front: Decorative Gravel; Desert Plantings; Trees
Landscape - Rear: Natural Desert; Trees; None
Road Type: Chip/Seal
Parking: Parking Lights; Paved Parking
Lot Features: Adjacent to Wash; Corner Lot
Business Location: Business Park; Free Standing Bldg
Traffic Count: Up to 5,000
Possession: See Remarks
Submit With Offer: Lender Pre-Approval; Proof of Funds
Restrictions: CC&R
Documents
Floor plan ›Listing Office: RE/MAX Excalibur Realty
Last Updated: December - 14 - 2024
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