Updated Nov 19, 2023
Larsen Baker Sells Commercial Property In Tucson, AZ For $3.1M
5251 East Speedway Boulevard, Tucson, Arizona 85712, United States
$3,100,000
$140,909/SF
Building Size
22 SF
Asset Type
Commercial
Closing
Jun 12, 2022
About this deal
AI
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.
Players
Tucson Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93