Brian Brockman Of Bang Realty Represents Buyer In $4 Million Retail Sale In Tucson
1080 West Irvington Road
$4,000,000
$960/SF
Building Size
4,164 SF
Asset Type
Retail
Closing
Jul 15, 2024
AI
A 4,164-square-foot single-tenant retail property located at 1080 West Irvington Road in Tucson, AZ, has been sold for $4,000,000. The asset is occupied by First Watch and operates under a triple-net lease. The price per square foot was $961.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,000,000
- Sale Date: 07/15/2024
- Market: Tucson, AZ
- Square Footage: 4,164
- Price Per Square Foot: $961
- Buyer's Representative: Brian Brockman - Bang Realty
- Seller's Representatives: Bill Asher, Jeff Lefko & Lee Csenar - Hanley Investment Group
The transaction involved representation from Hanley Investment Group for the seller, while the buyer was represented by Bang Realty. Hanley Investment Real Estate Advisors facilitated the deal, marking a significant investment in the Tucson retail market.
Players
Tucson Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93