1840 W Valencia Road, Tucson, AZ 85746
$1,455,000
Property Type:
Commercial
Square Footage:
3,000
Lot Size (sq. ft.):
53
Status:
Closed
Current Price:
$1,455,000
List Date:
8/14/2017
Last Modified:
12/09/2024
Overview
Description
Great investment opportunity! Free-standing, recently remodeled Sprint store (NNN lease) on .66 acres just one-half mile from I-19, excellent visibility, located in the Lowe's Home Improvement center, just across from the new Fry's shopping center. 6% CAP Rate. Tucson C-2 zoning.
Listing Details MLS# 21721421
Address Information
- Street #
- 1840
- Direction
- W
- Street Name
- Valencia
- Suffix
- Road
- State/Province
- AZ
- Zip Code
- 85746
- County
- Pima
- Country
- USA
Location, Tax & Legal
- Tax Code
- 137-33-9100
- Area
- Southwest
- Tax Year
- 2016
- Taxes
- 12579.02
- Assessments
- 0
- Legal Description
- Radio Shack #3416 Lot 2
- Municipality/Zoning
- Tucson - C2
- Fire Protection
- Included in Taxes
- FEMA Flood Zone
- No
General Property Information
- Property Sub-Type
- Retail
- Construction Status
- Existing
- # Units
- Yes
- Total Parking
- 34
- Multi-Tenant
- No
- Year Built
- 2001
- Lot Dimensions
- Approx 13' x 220'
- Lot Acres
- 0.66
- Lot Sqft
- 28600
- Lot Size Source
- Assessor
- Combined SqFt
- 3000
- Source of SqFt
- Other
- List Price/SqFt
- 505.33
- Lot Size Price/SqFt
- 53.01
- Leasable SqFt
- 0
Property Features
Fenced Storage:
No
Main Cooling:
Central Air
Main Heating:
Electric; Forced Air
Gas:
None
Sewer:
Connected
Water:
Public
Landscape - Front:
Low Care; Shrubs; Sprinkler/Drip; Trees
Landscape - Rear:
Low Care; Shrubs; Sprinkler/Drip; Trees
Road Type:
Paved
Parking:
Paved Parking
Lot Features:
North/South Exposure
Business Location:
Free Standing Bldg
Terms:
Cash; Conventional; Exchange
Property Disclosures:
Unknown
Contract Information
- Method of Title
- Fee (Simple)
- Short Sale
- No
Status Change Info
- Off Market Date
- 2017-11-09
- Pending Date
- 2017-12-13
- Sold Date
- 2017-12-28
- Sold Price/SqFt
- 485
- Lot Sz Sold Prc/SqFt
- 50.87
- Financing
- Conventional
More Information
Showing Information
- Directions
- From Valencia Road and I-19, proceed west to 1840. Pad building at Lowe's Home Improvement center.
Income
- Gross Scheduled Rent
- 90960
- Other Income
- 22000
- Adjusted Gross
- 112960
- Total Expenses
- 21200
- Net Opp Income
- 91760
- Vacancy Loss
- 0
Analysis
- Cap Rate %
- 6.31
- Gross Rent Multi
- 12.88
- Exp/SqFt
- 7.07
- Exp % of Gross
- 18.77
- Vacancy Rate %
- 0
Expenses
- Admin Expenses
- 500
- CAM Fee/Mo
- 1832
- Contract Services
- 4200
- Figures Presented
- Actual
- Insurance
- 1900
- Taxes/Assessments
- 14600
- Captial Expenses
- 0
- Gas/Electric
- 0
- Maintenance Supplies
- 0
- Management
- 0
- Resident Manager
- 0
- Water/Sewer
- 0
- Other Expenses
- 0
Unit Information
- Retail
- Retail Pad
Electric
- Electric Company
- Tucson Electric Powe
Sold Info
- Est. Closing Date
- 2017-12-28
- Seller Concessions
- 0
Gas
- None
- Yes
Sewer
- Connected
- Yes
Water
- Public
- Yes
Road Type
- Paved
- Yes
Fenced Storage
- No
- Yes
Lot Features
- North/South Exposure
- Yes
Main Cooling
- Central Air
- Yes
Main Heating
- Electric
- Yes
- Forced Air
- Yes
Terms
- Cash
- Yes
- Conventional
- Yes
- Exchange
- Yes
Landscape - Front
- Low Care
- Yes
- Shrubs
- Yes
- Sprinkler/Drip
- Yes
- Trees
- Yes
Landscape - Rear
- Low Care
- Yes
- Shrubs
- Yes
- Sprinkler/Drip
- Yes
- Trees
- Yes
Parking
- Paved Parking
- Yes
Business Location
- Free Standing Bldg
- Yes
Freeway/Highway
- Up to 1 Mile
- Yes
Property Disclosures
- Unknown
- Yes
Listing Office:
Goldsmith Real Estate
Last Updated: December - 09 - 2024
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