3321 N 1st Avenue, Tucson, AZ 85719 (MLS# 2533842)

$2,437,500

3321 N 1st Avenue
Tucson, AZ 85719
MLS# 2533842
Status: Closed
24167 sqft

1 / 1

Property 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

Details

Maps

Address Information

Country: USA

Street #: 3321

Direction: N

Street Name: 1st

Suffix: Avenue

State/Province: AZ

Zip Code: 85719

County: Pima

Location, Tax & Legal

Assessments: 0

Legal Description: LONG LEGAL FOR BOTH PARCELS ON FILE IN OFFICE

Municipality/Zoning: Tucson – C2

Fire Protection: Included in Taxes

Tax Code: 106-04-1670

Area: Central

Status Change Info

Off Market Date: 2006-06-30

Sold Price/SqFt: 100.86

Lot Sz Sold Prc/SqFt: 69.51

Financing: Other

Pending Date: 2006-05-12

Sold Date: 2006-06-30

Sold Price: $2,437,500

Showing Information

Directions: NORTH ON 1ST AVE FROM FT LOWELL TO ADDRESS ON WEST SSIDE OF THE STREET

General Property Information

Lot Dimensions: irregular

Lot Acres: 0.81

Lot Sqft: 35066

Lot Size Source: Appraiser

Source of SqFt: Appraiser

List Price/SqFt: 107.58

Lot Size Price/SqFt: 74.14

Year Built: 1985

Combined SqFt: 24167

Electric

3 Phase Power: No

Master Meter: No

Income

Vacancy Loss: 15937

Other Income: 64620

Adjusted Gross: 314310

Total Expenses: 81798

Gross Scheduled Rent: 265627

Net Opp Income: 232512

Analysis

Gross Rent Multi: 8.27

Vacancy Rate %: 5.99

Exp/SqFt: 3.38

Exp % of Gross: 26.02

Cap Rate %: 8.94

Construction

Precast Concrete: 1

Expenses

Figures Presented: Proforma

Other Expenses: 81798

Sewer

Connected: 1

Water

Public: 1

Property Features

A.D.A. Compliant: No

Phase 1 Report: Yes

# Grade Doors: 9

Main Cooling

Central Air: 1

Main Heating

Forced Air: 1

Natural Gas: 1

Terms

Cash: 1

Conventional: 1

Submit: 1

Property Disclosures

Unknown: 1

Contract Information

Current Price: $2,437,500

Sold Price: $2,437,500

Listing Date: 2005-11-18

Status: Closed

Remarks Misc

Geo Lat: 32.267525

Geo Lon: -110.961678

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

Listing Office: The CHW Group, LLC

Last Updated: October – 25 – 2024

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