902-954 W Prince Road, Tucson, AZ 85705

$1,150,000
Property Type: Commercial Square Footage: 27,704 Lot Size (sq. ft.): 16 Status: Closed
Current Price: $1,150,000 List Date: 9/08/2014 Last Modified: 12/08/2024

Overview

Description

25,538 SF of Net Rentable; 27,704 SF Gross Strip Center nearly completely occupied. Twenty-three spaces configured. Built in the 60's, new facade added in very late 1980s. Stable; many of the Tenants have been in place for 20-35 years. A unique Value Add opp., Financial APOD available with notes.

Listing Details MLS# 21424947

Address Information

Street #
902-954
Direction
W
Street Name
Prince
Suffix
Road
State/Province
AZ
Zip Code
85705
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
106-06-035A
Area
Central
Tax Year
2013
Taxes
31323.5
Assessments
0
Legal Description
PTN OF SE4 OF NW4 OF 26-13-13 (ENTIRE LEGAL PROVIDED BY TITLE REPORT)
Municipality/Zoning
Tucson - C1
Fire Protection
Included in Taxes

General Property Information

Property Sub-Type
Retail
# Units
23
Year Built
1961
Lot Dimensions
N/A
Lot Acres
1.79
Lot Sqft
77792
Lot Size Source
Assessor
Combined SqFt
27704
Source of SqFt
Assessor
List Price/SqFt
45.12
Lot Size Price/SqFt
16.07

Property Features

Construction: Masonry Stucco Main Cooling: Central Air; Evaporative Cooling; Zoned Main Heating: Other Sewer: Connected Water: Public Terms: Cash; Conventional; Exchange; Owner Carry; Submit

Status Change Info

Off Market Date
2014-12-10
Pending Date
2014-12-10
Sold Date
2015-01-29
Sold Price/SqFt
41.51
Lot Sz Sold Prc/SqFt
14.78
Financing
Cash Owner Carryback

More Information

Showing Information

Directions
From Oracle East on Prince to address

Income

Gross Scheduled Rent
186024
Vacancy Loss
20463
Adjusted Gross
165561
Total Expenses
67413
Net Opp Income
98148
Other Income
0

Analysis

Cap Rate %
8.53
Gross Rent Multi
6.95
Vacancy Rate %
11
Exp/SqFt
2.43
Exp % of Gross
40.72

Expenses

Figures Presented
Proforma
Other Expenses
67413
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

Property Features

# Grade Doors
2
A.D.A. Compliant
No
Phase 1 Report
No

Electric

3 Phase Power
No
Master Meter
No

Sold Info

Down Payment
200000

Construction

Masonry Stucco
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes
Evaporative Cooling
Yes
Zoned
Yes

Main Heating

Other
Yes

Terms

Cash
Yes
Conventional
Yes
Exchange
Yes
Owner Carry
Yes
Submit
Yes
IDX
Listing Office: Long Realty Company
Last Updated: December - 08 - 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.