1279 W Frontage Road, Rio Rico, AZ 85648
$3,100,000
Property Type:
Commercial
Square Footage:
54,210
Lot Size (sq. ft.):
20
Status:
Closed
Current Price:
$3,100,000
List Date:
3/20/2018
Last Modified:
12/10/2024
Overview
Description
Two commercial office buildings with nine retail businesses and five mini storage building (309) individual units total retail units 318
Listing Details MLS# 21808029
Address Information
- Street #
- 1279
- Direction
- W
- Street Name
- Frontage
- Suffix
- Road
- State/Province
- AZ
- Zip Code
- 85648
- County
- Santa Cruz
- Country
- USA
Location, Tax & Legal
- Tax Code
- 140-03-009
- Area
- SCC-Rio Rico West
- Tax Year
- 2017
- Taxes
- 43823.6
- Assessments
- 0
- Legal Description
- Rio Rico Villas #18, Block 804, Lot 7
- Municipality/Zoning
- SCC - B-1
- Fire Protection
- Included in Taxes
- FEMA Flood Zone
- No
- Municipal Flood Zone
- No
General Property Information
- Property Sub-Type
- Professional/Office
- Construction Status
- Existing
- # Units
- 319
- Total Parking
- 50
- Multi-Tenant
- Yes
- Year Built
- 2005
- Lot Dimensions
- 300X600
- Lot Acres
- 4.05
- Lot Sqft
- 176418
- Lot Size Source
- Assessor
- Combined SqFt
- 54210
- Source of SqFt
- Assessor
- List Price/SqFt
- 67.33
- Lot Size Price/SqFt
- 20.69
Property Features
Property Features:
Storage
Construction:
Masonry Stucco
Roof:
Metal
Main Cooling:
Heat Pump
Main Heating:
Heat Pump
Gas:
Propane
Sewer:
Connected
Security:
Alarm Installed
Fence:
Chain Link; Electric; Wrought Iron
Landscape - Front:
Decorative Gravel; Shrubs
Road Type:
Chip/Seal
Parking:
Private Parking
Lot Features:
East/West Exposure
Business Location:
Commercial Strip
Terms:
Cash; Conventional; Exchange
Possession:
Recording
Submit With Offer:
Earnest Check; Lender Pre-Approval; Loan Status
Property Disclosures:
Seller Prop Disclosure
Special Conditions:
None
Contract Information
- Method of Title
- Fee (Simple)
- Short Sale
- No
Status Change Info
- Off Market Date
- 2018-03-20
- Pending Date
- 2018-03-20
- Sold Date
- 2018-05-04
- Sold Price/SqFt
- 57.19
- Lot Sz Sold Prc/SqFt
- 17.57
- Financing
- Cash to Loan
More Information
Showing Information
- Directions
- Exit 17 to West Frontage Road to Property
Income
- Gross Scheduled Rent
- 413000
- Adjusted Gross
- 413000
- Total Expenses
- 145278.6
- Vacancy Loss
- 0
Analysis
- Exp/SqFt
- 2.68
- Vacancy Rate %
- 0
Expenses
- Captial Expenses
- 2959
- Figures Presented
- Actual
- Gas/Electric
- 4884
- Insurance
- 5913
- Maintenance Supplies
- 18940
- Management
- 58800
- Taxes/Assessments
- 43823.6
- Water/Sewer
- 6151
- Other Expenses
- 3808
- Admin Expenses
- 0
- Contract Services
- 0
- Resident Manager
- 0
Unit Information
- Office
- Office Building
- Retail
- Retail Pad
Electric
- Electric Company
- Unisourse
Water
- Water Company
- Liberty
Landscape - Rear
- Other
- paved
Submit With Offer
- Seller Title Company
- Stewart Title
- Earnest Check
- Yes
- Lender Pre-Approval
- Yes
- Loan Status
- Yes
Sold Info
- Est. Closing Date
- 2018-06-26
- Seller Concessions
- 0
Gas
- Propane
- Yes
Construction
- Masonry Stucco
- Yes
Sewer
- Connected
- Yes
Roof
- Metal
- Yes
Property Features
- Storage
- Yes
Fence
- Chain Link
- Yes
- Electric
- Yes
- Wrought Iron
- Yes
Road Type
- Chip/Seal
- Yes
Lot Features
- East/West Exposure
- Yes
Main Cooling
- Heat Pump
- Yes
Main Heating
- Heat Pump
- Yes
Terms
- Cash
- Yes
- Conventional
- Yes
- Exchange
- Yes
Security
- Alarm Installed
- Yes
Landscape - Front
- Decorative Gravel
- Yes
- Shrubs
- Yes
Parking
- Private Parking
- Yes
Business Location
- Commercial Strip
- Yes
Freeway/Highway
- 1.1 - 2 Miles
- Yes
Possession
- Recording
- Yes
Property Disclosures
- Seller Prop Disclosure
- Yes
Special Conditions
- None
- Yes
Listing Office:
Burns Realty Inc
Last Updated: December - 10 - 2024
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