Phoenix Commercial Advisors Brokers Sell Tucson Retail Property For $18.4M
3110 East Skyline Drive, Tucson, Arizona 85718, United States
$18,400,000
$479/SF
Building Size
38,347 SF
Asset Type
Retail
Closing
Jun 19, 2022
AI
The retail property located at 3110 E Skyline Dr in Tucson, AZ has been sold for a total price of $18,400,000. The property spans across 4.49 acres and offers approximately 38,347 square feet of space. The price per square foot for this transaction was $480.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $18,400,000
- Address: 3110 E Skyline Dr, Tucson, AZ
- Market: Tucson, AZ
- Acres: 4.49
Chad Tiedeman and Danny Gardiner from Phoenix Commercial Advisors represented the parties involved in this transaction as the brokers.
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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93