Updated Dec 4, 2024
Block C Properties LLC Acquires Tucson Industrial Property For $3.8M
3120 East Medina Road
$3,800,000
Building Size
—
Asset Type
Industrial
Closing
May 14, 2024
About this deal
AI
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.
On the Map
$3,800,000
Industrial
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Players
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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93