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9801248
9801256

3038 E Fort Lowell Rd, Tucson, AZ 85716

KK
AZ AZ BR522786000
Kristy Kelley
Listed by Kristy Kelley
$997,000
1235 days on market
Updated 4 days ago

Fort Lowell Executive Office

Details
APN 112-04-370H
Property Type Office
Sub Type Executive Office
Square Footage 3,362
Net Rentable (SqFt) 3,362
Units 1
Cap Rate 6.02%
NOI $60,000
Occupancy 91%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 6.74%
Pro-Forma NOI $67,200
Price per SqFt $297
Broker Co-Op Yes
Class A
Year Built 2010
Buildings 1
Stories 1
Lot Size (SqFt) 13,416
Zoning C-1
Parking Spaces 18 per 1,000 sq ft
Investment Type Owner/User
Ownership Owner
Sale Condition For sale by owner

Office Building Executive Suites Central Tucson

Marketing description

Class A 3,300 SF Executive Office Space. Set back off Fort Lowell Centrally Located Luxury Suites include: 12 Offices, Kitchen Area, Break Room, Large Conference Room, Small Conference Room/Break Room, 2 ADA Restrooms, 1 back office restroom and gracious Reception Area. All furnishings delineated in Exhibit “A” shall convey.

Owner has operated their successful business from this location for over 11 years, and is willing to discuss the future of their business with a interested Purchaser.

Currently 91% occupied with many long-term tenants.

Here is the link to the virtual tour: https://learn.crexi.com/hc/en-us/articles/360057800693-Virtual-Tours

Listing Contacts

KK
AZ AZ BR522786000
Kristy Kelley
Listed by Kristy Kelley

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$60,000.00
$5,000.00/mo

Valuation Metrics

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DSCR
6.02%
Cap Rate
6.02%
ROI

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Additional Information

Name
Kristy Kelley
License
AZ BR522786000
Brokerage
Bright Properties LLC
Brokerage Phone
520-609-6755
Brokerage Address
1730 North Tucson Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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