Block C Properties LLC Acquires Industrial Property From North Forbes LLC For $3.9M
2106 North Forbes Boulevard
$3,900,000
$97/SF
Building Size
40,078 SF
Asset Type
Industrial
Closing
Jun 19, 2024
AI
The industrial property located at 2106 North Forbes Boulevard in Tucson, AZ, was sold for $3,900,000. The property spans 40,078 square feet, resulting in a price per square foot of $97. The transaction took place on June 19, 2024, with Block “C” Properties LLC purchasing the property from North Forbes LLC.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,900,000
- Address: 2106 North Forbes Boulevard
- Market: Tucson, AZ
- Square Footage: 40,078
- Buyer: Block “C” Properties LLC
- Seller: North Forbes LLC
- Broker: Stephen Cohen - Cushman & Wakefield
The sale of the industrial property was facilitated by Stephen Cohen of Cushman & Wakefield | PICOR, who represented both the buyer and the seller in the transaction, ensuring a smooth and successful deal for Block “C” Properties LLC and North Forbes LLC.
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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93