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

Overview

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

Listing Details MLS# 2533842

Address Information

Street #
3321
Direction
N
Street Name
1st
Suffix
Avenue
State/Province
AZ
Zip Code
85719
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
106-04-1670
Area
Central
Assessments
0
Legal Description
LONG LEGAL FOR BOTH PARCELS ON FILE IN OFFICE
Municipality/Zoning
Tucson - C2
Fire Protection
Included in Taxes

General Property Information

Year Built
1985
Lot Dimensions
irregular
Lot Acres
0.81
Lot Sqft
35066
Lot Size Source
Appraiser
Combined SqFt
24167
Source of SqFt
Appraiser
List Price/SqFt
107.58
Lot Size Price/SqFt
74.14

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

Status Change Info

Off Market Date
2006-06-30
Pending Date
2006-05-12
Sold Date
2006-06-30
Sold Price/SqFt
100.86
Lot Sz Sold Prc/SqFt
69.51
Financing
Other

More Information

Showing Information

Directions
NORTH ON 1ST AVE FROM FT LOWELL TO ADDRESS ON WEST SSIDE OF THE STREET

Income

Gross Scheduled Rent
265627
Vacancy Loss
15937
Other Income
64620
Adjusted Gross
314310
Total Expenses
81798
Net Opp Income
232512

Analysis

Cap Rate %
8.94
Gross Rent Multi
8.27
Vacancy Rate %
5.99
Exp/SqFt
3.38
Exp % of Gross
26.02

Expenses

Figures Presented
Proforma
Other Expenses
81798

Property Features

# Grade Doors
9
A.D.A. Compliant
No
Phase 1 Report
Yes

Electric

3 Phase Power
No
Master Meter
No

Construction

Precast Concrete
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes

Main Heating

Forced Air
Yes
Natural Gas
Yes

Terms

Cash
Yes
Conventional
Yes
Submit
Yes

Property Disclosures

Unknown
Yes
IDX
Listing Office: The CHW Group, LLC
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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