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FTL 3935 LLC And Dalehurst LLC Acquire Office Property In Tucson From Harlequin LLC For $2.4M

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SOLD
$2,400,000

Arizona

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Office6,313 SF
Sold 12/24/2024
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Property Image
SOLD

FTL 3935 LLC And Dalehurst LLC Acquire Office Property In Tucson From Harlequin LLC For $2.4M

3935 East Fort Lowell Road

See Similar Deals
Office6,313 SF
Sold 12/24/2024
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Summary

ARIZONA
Asset Type:Office
Price Per Square Foot:$380
Total Square Footage:6,313 SF
Transaction Type:Sale

The transaction involved the sale of an office property located at 3935 East Fort Lowell Road in Tucson, Arizona. The asset was sold for $2,400,000 and comprises a total square footage of 6,313, resulting in a price per square foot of $380.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $2,400,000
  • Address: 3935 East Fort Lowell Road
  • Market: Tucson, Arizona
  • Square Footage: 6,313
  • Price Per Square Foot: $380
  • Buyer: FTL 3935 LLC & Dalehurst LLC
  • Seller: Harlequin LLC
  • Brokers: Alexis Corona & Richard Kleiner - Cushman & Wakefield | PICOR

Cushman & Wakefield | PICOR successfully brokered the sale, with Richard Kleiner and Alexis Corona representing the buyers, FTL 3935 LLC and Dalehurst LLC, in this transaction.

Players

Richard Kleiner
5 deals$19.3M volume(520) 440-2745
BROKER

Alexis Corona
Cushman & Wakefield
5 deals$19.3M volume(520) 546-2729
BROKER

Details

SOLD
IMAGE: 12/24/2024 ADDRESS: 3935 East Fort Lowell Road MARKET: Tucson, Arizona ASSET TYPE: Office BUYER: FTL 3935 LLC & Dalehurst LLC SELLER: Harlequin LLC BROKERS: Alexis Corona & Richard Kleiner - Cushman & Wakefield | PICOR SALE PRICE: $2,400,000 SF: 6,313 ~ PPSF: $380 NOTE: Cushman & Wakefield | PICOR brokered the $2.4M sale of a 6,313-sf office at 3935 E. Fort Lowell, Tucson. Richard Kleiner and Alexis Corona represented buyers FTL 3935 LLC and Dalehurst LLC. 3935LLC

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$127,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69