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.
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