Property Details

TITLE:
Central Tucson Industrial Yard & Shop
CONTROL:
Exclusive
VALUE:
$625,000
LOAN:
$0
EQUITY:
$625,000
TYPE:
Industrial
HAVE:
Two-building industrial/flex layout totaling ±5,900 SF ±5,900 SF building footprint with additional mezzanine storage Shared secured yard area included in rent Low site coverage (~20%) allowing for usable outdoor space Ideal for contractor
WEBSITE URL:
ADDRESS:
3208 E District, Tucson, Arizona
BENEFITS TO NEW OWNER:
Sticky Tenant Base Industrial service tenants with yard needs tend to have higher retention due to limited relocation options. Value-Add Upside Opportunity to increase rents, optimize yard allocation, and improve operational efficiency to drive NOI growth
OTHER FILES:
GROSS SCHEDULED INCOME:
$57,600 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$57,600
EXPENSES:
$12,000
NOI:
$45,600
DEBT SERVICE:
$0
CASH FLOW:
$45,600
CAP RATE:
7.30%
BENEFITS SOUGHT:
Roll into a 1031 exchange and defer taxes Move up in value Diversify instead of being tied to one property
REMARKS:
Seller has a one year military contract that comes with the property that they would be leasing half of the property to fulfill their obligation.
COUNSELOR:
Scott Hotchkiss
Coldwell Banker Realty
5460 E Broadway
Tucson, Arizona, 85711
Cell: 520-465-1015