Larsen Baker Sells Commercial Property In Tucson, AZ For $3.1M
SOLD
$3,100,000
Arizona
See Similar DealsCommercial22 SF
Sold 06/12/2022
SOLD
Larsen Baker Sells Commercial Property In Tucson, AZ For $3.1M
5251 East Speedway Boulevard, Tucson, Arizona 85712, United States
See Similar DealsCommercial22 SF
Sold 06/12/2022
Summary
ARIZONA
Asset Type:Commercial
Price Per Square Foot:$140,909
Total Square Footage:22 SF
Transaction Type:Sale
The commercial property located at 5251 E. Speedway in Tucson, AZ has been sold for $3,100,000. The property spans an area of 22,960 square feet, resulting in a price per square foot of $135. The transaction took place on 12/06/2022, with Larsen Baker as the seller.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $3,100,000
- Address: 5251 E. Speedway, Tucson, AZ
- Market: Tucson, AZ
- Square Footage: 22,960
- Price per Square Foot: $135
- Seller: Larsen Baker
In the sale of this commercial property, Larsen Baker represented the seller in the transaction.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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