1279 W Frontage Road, Rio Rico, AZ 85648
$3,100,000
Property Type:
Commercial
Square Footage:
54,210
Lot Size (sq. ft.):
20
Status:
Closed
Current Price:
$3,100,000
List Date:
3/20/2018
Last Modified:
12/10/2024
Description
Two commercial office buildings with nine retail businesses and five mini storage building (309) individual units total retail units 318
More Information MLS# 21808029
Address Information
Country: USA
Street #: 1279
Direction: W
Street Name: Frontage
Suffix: Road
State/Province: AZ
Zip Code: 85648
County: Santa Cruz
Location, Tax & Legal
Tax Year: 2017
Taxes: 43823.6
Assessments: 0
Legal Description: Rio Rico Villas #18, Block 804, Lot 7
Municipality/Zoning: SCC - B-1
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 140-03-009
Area: SCC-Rio Rico West
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $3,100,000
Sold Price: $3,100,000
Listing Date: 2018-03-19
Status: Closed
Status Change Info
Off Market Date: 2018-03-20
Sold Price/SqFt: 57.19
Lot Sz Sold Prc/SqFt: 17.57
Financing: Cash to Loan
Pending Date: 2018-03-20
Sold Date: 2018-05-04
Sold Price: $3,100,000
Showing Information
Directions: Exit 17 to West Frontage Road to Property
General Property Information
Property Sub-Type: Professional/Office
Construction Status: Existing
# Units: 319
Lot Dimensions: 300X600
Lot Acres: 4.05
Total Parking: 50
Lot Sqft: 176418
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 67.33
Lot Size Price/SqFt: 20.69
Year Built: 2005
Combined SqFt: 54210
Electric
Electric Company: Unisourse
Income
Vacancy Loss: 0
Adjusted Gross: 413000
Total Expenses: 145278.6
Gross Scheduled Rent: 413000
Gas
Propane: 1
Analysis
Vacancy Rate %: 0
Exp/SqFt: 2.68
Construction
Masonry Stucco: 1
Expenses
Admin Expenses: 0
Captial Expenses: 2959
Contract Services: 0
Figures Presented: Actual
Gas/Electric: 4884
Insurance: 5913
Maintenance Supplies: 18940
Management: 58800
Resident Manager: 0
Taxes/Assessments: 43823.6
Water/Sewer: 6151
Other Expenses: 3808
Sewer
Connected: 1
Unit Information
Office: Office Building
Retail: Retail Pad
Roof
Metal: 1
Water
Water Company: Liberty
Property Features
Storage: 1
Fence
Chain Link: 1
Electric: 1
Wrought Iron: 1
Road Type
Chip/Seal: 1
Lot Features
East/West Exposure: 1
Main Cooling
Heat Pump: 1
Main Heating
Heat Pump: 1
Terms
Cash: 1
Conventional: 1
Exchange: 1
Submit With Offer
Earnest Check: 1
Lender Pre-Approval: 1
Loan Status: 1
Seller Title Company: Stewart Title
Security
Alarm Installed: 1
Sold Info
Est. Closing Date: 2018-06-26
Seller Concessions: 0
Landscape - Front
Decorative Gravel: 1
Shrubs: 1
Landscape - Rear
Other: paved
Parking
Private Parking: 1
Business Location
Commercial Strip: 1
Freeway/Highway
1.1 - 2 Miles: 1
Possession
Recording: 1
Property Disclosures
Seller Prop Disclosure: 1
Special Conditions
None: 1
Remarks Misc
Geo Lat: 31.488419
Geo Lon: -111.007122
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
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: December - 10 - 2024
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