8553 N Silverbell Road, Tucson, AZ 85743

$933,000
Property Type: Commercial Square Footage: 5,572 Lot Size (sq. ft.): 44 Status: Closed
Current Price: $933,000 List Date: 3/08/2013 Last Modified: 12/07/2024

Overview

Description

Great investment opportunity 100% occupied with stable tenants in newer well maintained retail strip center (built in 2007). Excellent location. Based on current income this property has an 8.0 cap rate with upside potential. I believe by restructuring leases with tenants buyer will see a 9 cap rate going in with 2% to 3% increases year. Unit 2 has 5 years left on lease. Unit 1 and 3 on month to month.Call LA for more information.

Listing Details MLS# 21227972

Address Information

Street #
8553
Direction
N
Street Name
Silverbell
Suffix
Road
State/Province
AZ
Zip Code
85743
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
221-21-003G
Area
West
Tax Year
2012
Taxes
21569.05
Assessments
0
Legal Description
Parcel 1 RS 44/05 AKA PTN S2 NE4 0.65 AC SEC 28-12-12
Municipality/Zoning
Marana - NC
Fire Protection
Included in Taxes

General Property Information

Property Sub-Type
Retail
# Units
3
Year Built
2007
Lot Dimensions
128 x 247 x 113 x 230
Lot Acres
0.62
Lot Sqft
27000
Lot Size Source
Appraiser
Combined SqFt
5572
Source of SqFt
Assessor
List Price/SqFt
214.47
Lot Size Price/SqFt
44.26

Property Features

Construction: Frame - Stucco Main Cooling: Zoned Main Heating: Electric; Forced Air Sewer: Connected Terms: Cash; Submit Property Disclosures: Unknown

Status Change Info

Off Market Date
2013-07-22
Pending Date
2013-09-09
Sold Date
2013-09-09
Sold Price/SqFt
167.44
Lot Sz Sold Prc/SqFt
34.56
Financing
Cash

More Information

Showing Information

Directions
N Silverbell Rd. 1.5 miles north of Cortaro Rd. on west side of street.

Income

Gross Scheduled Rent
9250
Total Expenses
0

Expenses

Figures Presented
Actual
Admin Expenses
0
Captial Expenses
0
Contract Services
0
Gas/Electric
0
Insurance
0
Maintenance Supplies
0
Management
0
Resident Manager
0
Taxes/Assessments
0
Water/Sewer
0
Other Expenses
0

Water

Water Company
Marana

Construction

Frame - Stucco
Yes

Sewer

Connected
Yes

Main Cooling

Zoned
Yes

Main Heating

Electric
Yes
Forced Air
Yes

Terms

Cash
Yes
Submit
Yes

Property Disclosures

Unknown
Yes
Listing Office: Long Realty
IDX
Last Updated: December - 07 - 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.