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

Overview

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

Listing Details MLS# 2201562

Address Information

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

Location, Tax & Legal

Tax Code
102-03-131C8
Area
North
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

General Property Information

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

Property Features

Expenses: CAM in Rent Construction: Frame - Stucco Main Cooling: Zoned Main Heating: Heat Pump Sewer: Connected Terms: Cash Property Disclosures: Unknown

Status Change Info

Off Market Date
2003-09-12
Pending Date
2003-04-09
Sold Date
2003-09-12
Sold Price/SqFt
175.28
Lot Sz Sold Prc/SqFt
44.31
Financing
Conventional

More Information

Showing Information

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

Income

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

Analysis

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

Expenses

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

Property Features

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

Electric

3 Phase Power
Yes
Amps
200
Master Meter
No

Water

Water Company
Metropolitan

Sold Info

Down Payment
817000

Construction

Frame - Stucco
Yes

Sewer

Connected
Yes

Main Cooling

Zoned
Yes

Main Heating

Heat Pump
Yes

Terms

Cash
Yes

Property Disclosures

Unknown
Yes
IDX
Listing Office: Advisors in Real Estate, Inc.
Last Updated: October - 25 - 2024
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.

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