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Community Golf Course Homes


$3,100,000

1279 W Frontage Road
Rio Rico, AZ 85648
MLS# 21808029
Status: Closed
54210 sqft




1279 W Frontage Road, Rio Rico, AZ 85648
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1279 W Frontage Road, Rio Rico, AZ 85648 1279 W Frontage Road, Rio Rico, AZ 85648 1279 W Frontage Road, Rio Rico, AZ 85648 1279 W Frontage Road, Rio Rico, AZ 85648 1279 W Frontage Road, Rio Rico, AZ 85648 1279 W Frontage Road, Rio Rico, AZ 85648 1279 W Frontage Road, Rio Rico, AZ 85648 1279 W Frontage Road, Rio Rico, AZ 85648 1279 W Frontage Road, Rio Rico, AZ 85648 1279 W Frontage Road, Rio Rico, AZ 85648 1279 W Frontage Road, Rio Rico, AZ 85648

Property Description
Two commercial office buildings with nine retail businesses and five mini storage building (309) individual units total retail units 318

Details
Maps
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
Tax Year: 2017
Taxes: 43823.6
Legal Description: Rio Rico Villas #18, Block 804, Lot 7
Area: SCC-Rio Rico West
Municipality/Zoning: SCC – B-1
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Contract Information
Current Price: $3,100,000
Sold Price: $3,100,000
Listing Date: 2018-03-19
Status: Closed
Co-Op Fee: 2%
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: $3,100,000
Sold Price/SqFt: 57.19
Lot Sz Sold Prc/SqFt: 17.57
Financing: Cash to Loan
Showing Information
Directions: Exit 17 to West Frontage Road to Property
General Property Information
Dwelling Type: 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
Remarks & Misc
Geo Lat: 31.488419
Geo Lon: -111.007122
Income
Gross Scheduled Rent: 413000
Adjusted Gross: 413000
Total Expenses: 145278.6
Analysis
Exp/SqFt: 2.68
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
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
Sold Info
Est. Closing Date: 2018-06-26
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
Freeway/Highway: 1.1 – 2 Miles
Terms: Cash; Conventional; Exchange
Possession: Recording
Submit With Offer: Earnest Check; Lender Pre-Approval; Loan Status
Property Disclosures: Seller Prop Disclosure
Special Conditions: None


Listing Office: Burns Realty Inc

Last Updated: July – 03 – 2019

1279 W Frontage Road, Rio Rico, AZ 85648 - MLS# 21808029


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