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
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.
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