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1825 West Price Street

FRC Holdings Purchases Industrial Property From WAA 1825 W In Tucson For $3.6M
SOLDIndustrial

FRC Holdings Purchases Industrial Property From WAA 1825 W In Tucson For $3.6M

1825 West Price Street

$3,600,000

$81/SF

Building Size

44,000 SF

Asset Type

Industrial

Closing

Jan 13, 2025

AI

On January 13, 2025, FRC Holdings acquired an industrial property located at 1825 West Price Street in Tucson, AZ. The property spans 44,000 square feet and was sold for a total transaction price of $3,600,000, resulting in a price per square foot of $82.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,600,000
  • Address: 1825 West Price Street
  • Market: Tucson, AZ
  • Square Footage: 44,000
  • Price per Square Foot: $82
  • Buyer: FRC Holdings
  • Seller: WAA 1825 W
  • Broker: Robert Glaser - Cushman & Wakefield

Robert Glaser from Cushman & Wakefield represented the buyer, FRC Holdings, in this transaction. The sale reflects activity in the Tucson industrial property market.

Players

Robert Glaser

Cushman & Wakefield

Broker

$63.1M

vol

5 deals

Broker

Tucson 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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93