4805-4897 E Speedway Boulevard, Tucson, AZ 85712
$3,500,000
Property Type:
Commercial
Square Footage:
44,653
Lot Size (sq. ft.):
52
Status:
Closed
Current Price:
$3,500,000
List Date:
12/05/2023
Last Modified:
12/23/2024
Description
Pinecrest Shopping Center is located on Speedway Blvd, a major east/west artery in central Tucson. Entire center has excellent signage exposure. Heavy traffic volume area at 34,101 cars per day. All leases full triple net (NNN). 7.5% CAP. Pro-Forma is 8.5% CAP.
Current NOI $292.788.
More Information MLS# 22326187
Address Information
Country: USA
Street #: 4805-4897
Direction: E
Street Name: Speedway
Suffix: Boulevard
State/Province: AZ
Zip Code: 85712
County: Pima
Location, Tax & Legal
Tax Year: 2023
Taxes: 61578.21
Assessments: 0
Legal Description: Pinecrest Lot 9 Blk 4
Municipality/Zoning: Tucson - C2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 121-11-3250
Area: Central
Contract Information
Short Sale: No
Current Price: $3,500,000
Sold Price: $3,500,000
Listing Date: 2023-12-05
Status: Closed
Status Change Info
Off Market Date: 2023-12-11
Sold Price/SqFt: 78.38
Lot Sz Sold Prc/SqFt: 46.79
Financing: Cash
Pending Date: 2024-01-31
Sold Date: 2024-01-31
Sold Price: $3,500,000
Showing Information
Directions: From Speedway Blvd and Swan RD, proceed east to 4805-4897 E Speedway Blvd on the north side of the street.
General Property Information
Property Sub-Type: Retail
Lot Dimensions: Irreg.
Lot Acres: 1.72
Lot Sqft: 74802
Multi-Tenant: Yes
Lot Size Source: Appraiser
Source of SqFt: Owner
List Price/SqFt: 87.34
Lot Size Price/SqFt: 52.14
Year Built: 1955
Combined SqFt: 44653
Electric
Electric Company: TEP
Construction
Brick: 1
Sewer
Connected: 1
Roof
Built-Up: 1
Water
Public: 1
Road Type
Paved: 1
Terms
Cash: 1
Conventional: 1
Sold Info
Seller Concessions: 0
Parking
Public Parking: 1
Business Location
Commercial Strip: 1
Property Disclosures
Appraisal: 1
Leases: 1
Remarks Misc
Geo Lat: 32.236583
Geo Lon: -110.889385
Property Features
Construction: Brick
Roof: Built-Up
Sewer: Connected
Water: Public
Road Type: Paved
Parking: Public Parking
Business Location: Commercial Strip
Terms: Cash; Conventional
Property Disclosures: Appraisal; Leases
Listing Office: Goldsmith Real Estate
Last Updated: December - 23 - 2024
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