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13 Calle Cristina

Arizona Food Bank Network Purchases Industrial Space In Rio Rico For $2.7M
SOLDIndustrial

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:

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

Jose Dabdoub

Cushman & Wakefield

Broker

$2.7M

vol

1 deal

Broker

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