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Brian Brockman Of Bang Realty Represents Buyer In $4 Million Retail Sale In Tucson
SOLD
$4,000,000
+ 1
Arizona
See Similar DealsRetail4,164 SF
Sold 07/15/2024
SOLD
Brian Brockman Of Bang Realty Represents Buyer In $4 Million Retail Sale In Tucson
1080 West Irvington Road
See Similar DealsRetail4,164 SF
Sold 07/15/2024
+ 1
Summary
ARIZONA
Asset Type:Retail
Price Per Square Foot:$960
Total Square Footage:4,164 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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