Arizona Food Bank Network Purchases Industrial Space In Rio Rico For $2.7M
13 Calle Cristina
$2,700,000
$75/SF
Building Size
35,920 SF
Asset Type
Industrial
Closing
Jun 17, 2024
AI
An industrial property spanning 35,920 square feet located at 13 Calle Cristina in Rio Rico, AZ, was sold for $2.7 million. The buyer, Arizona Food Bank Network, made the acquisition approximately 60 miles south of Tucson at a price per square foot of $75.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,700,000
- Buyer: Arizona Food Bank Network
- Seller's Representative: Brian Uretzky - Keyser
- Buyer's Representative: Jose Dabdoub - Cushman & Wakefield
The deal was facilitated by Jose Dabdoub from Cushman & Wakefield, representing the buyer, Arizona Food Bank Network, while Brian Uretzky from Keyser represented the seller in the transaction.
Players
Rio Rico Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93