Escalante Concrete Construction Inc Acquires Mixed-use Property In Tucson For $3.8M
1455 West River Road
$3,800,000
$190/SF
Building Size
20,000 SF
Asset Type
Mixed-use
Closing
Dec 23, 2024
AI
A mixed-use asset located at 1455 West River Road in Tucson, AZ, was sold for $3.8 million. The property encompasses 20,000 square feet, leading to a price per square foot of $190.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,800,000
- Address: 1455 West River Road
- Market: Tucson, AZ
- Square Footage: 20,000
- Price per Square Foot: $190
- Buyer: Escalante Concrete Construction Inc
- Seller: 1455 River Rd LLC
- Buyer's Representative: Max Fisher - BRD Realty
- Seller's Representatives: Greg Furrier & Natalie Furrier - Cushman & Wakefield
This transaction involved Escalante Concrete Construction Inc., which has acquired the property with the representation of Max Fisher from BRD Realty, while the seller, 1455 River Rd LLC, was represented by Greg Furrier and Natalie Furrier from Cushman & Wakefield.
Players
Tucson Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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