Winterhaven Investors LLC Acquires Winterhaven Square Retail Center In Tucson For $5.3M
3102 East Fort Lowell Road & 3160 East Fort Lowell Road
$5,300,000
$75/SF
Building Size
70,600 SF
Asset Type
Retail
Closing
Mar 24, 2025
AI
A retail center known as Winterhaven Square, located at 3102-3160 East Fort Lowell Road in Tucson, AZ, has been sold for $5,300,000. The asset encompasses a total of 35,300 square feet, translating to a price per square foot of $150.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,300,000
- Buyer: Winterhaven Investors LLC
- Seller: Glover Associates LP
- Brokerage: Cushman & Wakefield
- Brokers: Greg Furrier, Natalie Furrier & Rob Tomlinson
The transaction highlights the involvement of Winterhaven Investors LLC as the buyer, acquiring the property from Glover Associates LP. Cushman & Wakefield facilitated the deal, with Greg Furrier, Natalie Furrier, and Rob Tomlinson representing the brokerage in the transaction.
Players
Tucson Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93