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
Listing Office:
The CHW Group, LLC
Last Updated: October - 25 - 2024
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