3100 N Stone Avenue, Tucson, AZ 85705
$2,280,000
Property Type:
Commercial
Square Footage:
32,400
Lot Size (sq. ft.):
106,743
Status:
Closed
Current Price:
$2,280,000
List Date:
9/26/2023
Last Modified:
12/23/2024
Description
32,400 SF Multi-Tenant Industrial/Retail Building on 2.45 acres. 22 spaces, 12 with Roll up doors.
More Information MLS# 22320699
Address Information
Street #: 3100
Direction: N
Street Name: Stone
Suffix: Avenue
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location Tax Legal
Tax Code: 107-11-092A
Area: Central
Contract Information
Current Price: $2,280,000
Sold Price: $2,280,000
Listing Date: 2023-09-26
Status: Closed
Short Sale: No
Status Change Info
Off Market Date: 2024-01-30
Pending Date: 2024-04-01
Sold Date: 2024-04-03
Sold Price: $2,280,000
Sold Price/SqFt: 70.37
Lot Sz Sold Prc/SqFt: 21.36
Financing: Conventional
General Property Information
Property Sub-Type: Industrial
Construction Status: Existing
# Units: 20
Total Parking: 40
Multi-Tenant: Yes
Year Built: 1986
Lot Dimensions: 299' X 357'
Lot Acres: 2.45
Lot Sqft: 106743
Lot Size Source: Assessor
Combined SqFt: 32400
Source of SqFt: Assessor
Leasable SqFt: 32400
List Price/SqFt: 78.7
Lot Size Price/SqFt: 23.89
Remarks Misc
Geo Lat: 32.263432
Geo Lon: -110.971112
Showing Information
Directions: From Ft. Lowell & Stone Ave, South on Stone Ave to subject.
Income
Gross Scheduled Rent: 304551
Vacancy Loss: 15228
Adjusted Gross: 289323
Net Opp Income: 210738
Analysis
Cap Rate %: 8
Gross Rent Multi: 7.88
Vacancy Rate %: 5
Exp % of Gross: 27
Expenses
Contract Services: 27950
Figures Presented: Proforma
Gas/Electric: 4400
Insurance: 6897
Maintenance Supplies: 5400
Management: 11573
Taxes/Assessments: 16345
Water/Sewer: 5800
Other Expenses: 220
Unit Information
Industrial: Flex Space
Retail: Specialty Center
Property Features
Property Features: Warehouse
Construction: Concrete Block
Roof: Built-Up
Fenced Storage: No
Main Cooling: Central Air; Evaporative Cooling; Wall Unit(s)
Main Heating: Heat Pump
Water Heater: Electric
Sewer: Connected
Water: Public
Accessibility Option: None
Security: Security Lights
Fence: None
Landscape - Front: Natural Desert
Landscape - Rear: None
Road Type: Paved
Business Location: Business Park
Traffic Count: Unknown
Terms: Cash; Conventional
Submit With Offer: Proof of Funds; Written Lender Approval
Property Disclosures: None
Special Conditions: None
Listing Office: Coldwell Banker Realty
Last Updated: December - 23 - 2024
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