FTL 3935 LLC And Dalehurst LLC Acquire Office Property In Tucson From Harlequin LLC For $2.4M
3935 East Fort Lowell Road
$2,400,000
$380/SF
Building Size
6,313 SF
Asset Type
Office
Closing
Dec 24, 2024
About this deal
AI
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.
On the Map
$2,400,000
$380/SF
Office
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Players
Tucson Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93