TITLE:
TUCSON MIXED USE INDUSTRIAL-OFFICE
CONTROL:
Exclusive
VALUE:
$3,500,000
LOAN:
$0
EQUITY:
$3,500,000
TYPE:
Income Comb.
HAVE:
Repurposed 21,094 SF 1950's warehouse adjacent to downtown Tucson entertainment district. 17 offices, 8,000 SF Manufacturing and 3200 SF Event Center. Fully rehabbed. Most always full.
WEBSITE URL:
ADDRESS:
610 S Park Ave, Tucson, Arizona
BENEFITS TO NEW OWNER:
Fully renovated 1950 Whse. Modern Chic offices and RRM decor. FF&E included. fiber optic and latest Wi-Fi Technology
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GROSS SCHEDULED INCOME:
$456,080 Projected
VACANCY LOSS:
$22,804
GROSS EFFECTIVE INCOME:
$433,276
EXPENSES:
$183,198
NOI:
$250,078
DEBT SERVICE:
$0
CASH FLOW:
$250,078
CAP RATE:
7.15%
BENEFITS SOUGHT:
Out of Management. Retire.
CAN ADD:
Interior Design Services
REMARKS:
Diverse income stream from offices, industrial and events. Event income not included in the Proforma. Possible exchange or carryback for paritial equity. New Offices being added in old stroage space for additional income. Furniture, Art and equip Incl.
COUNSELOR:
Tom DeSollar
Arizona First Properties LLC
6700 N. Oracle Rd. Suite 235
Tucson, Arizona, 85704
