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Block C Properties LLC Acquires Tucson Industrial Property For $3.8M
SOLD
$3,800,000
Arizona
See Similar DealsIndustrial
Sold 05/14/2024
SOLD
Block C Properties LLC Acquires Tucson Industrial Property For $3.8M
3120 East Medina Road
See Similar DealsIndustrial
Sold 05/14/2024
Summary
ARIZONA
Asset Type:Industrial
Transaction Type:Sale
An industrial property spanning 24,920 square feet located at 3120 East Medina Road in Tucson, AZ, was sold for $3.8 million. The property was acquired by Block “C” Properties LLC from GLRT Partners LLC.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,800,000
- Address: 3120 East Medina Road
- Market: Tucson, AZ
- Buyer: Block “C” Properties LLC
- Seller: GLRT Partners LLC
- Buyer's Rep: Stephen Cohen - Cushman & Wakefield
- Seller's Rep: Gary Emerson - GRE Partners
Stephen Cohen of Cushman & Wakefield represented Block “C” Properties LLC in the transaction as the buyer's representative. Gary Emerson from GRE Partners acted as the seller's representative of GLRT Partners LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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