TITLE:
TUCSON REDEVELOPMENT OPPORTUNITY
CONTROL:
Partner
VALUE:
$1,590,000
LOAN:
$0
EQUITY:
$1,590,000
TYPE:
Retail/Commercial
HAVE:
Prime retail corner in growing SW Tucson. 12 Tenants in modular buildings with infrastructure in place. 4 milse from 1,400 Ac master planned community. Sandwiched by Circle K and Family Dollar.
ADDRESS:
7251 S Cardinal Ave, Tucson, Arizona
BENEFITS TO NEW OWNER:
Redevelopment with no Demo costs. Great location. Infrastructure and paving in place.
OTHER FILES:
GROSS SCHEDULED INCOME:
$137,777 Actual
VACANCY LOSS:
$3,500
GROSS EFFECTIVE INCOME:
$134,277
EXPENSES:
$34,277
NOI:
$100,000
DEBT SERVICE:
$0
CASH FLOW:
$100,000
CAP RATE:
6.29%
BENEFITS SOUGHT:
Moving to FL. Move through to cash or note.
CAN ADD:
5 Ac Residential Property in Tucson
REMARKS:
Seller will finance with 30% down. Are is rapidly growing and needs retail. Seller will affix if needed for 1031. Current tenant mix are local services. Most alwaays 100% occupancy. Income while planning new use.
COUNSELOR:
Tom DeSollar, EMS
Arizona First Properties LLC
6700 N. Oracle Rd. Suite 235
Tucson, Arizona, 85704
