Black Lion Investment Group Acquires Tucson Retail Properties From Weingarten Realty For $38.0M
4220 North Oracle Road, Tucson, AZ, USA
$38,025,000
$253/SF
Building Size
150,170 SF
Asset Type
Retail
Closing
Jan 27, 2021
About this deal
AI
The retail properties located at 4220 Oracle Rd., 4270 Oracle Rd., 4240 Oracle Rd., 4336 Oracle Rd., 4374 Oracle Rd., and 235 Wetmore Rd. in Tucson, Arizona have been sold. The buyer of these properties is Black Lion Investment Group, represented by Robert Rivani. The seller of the properties is Weingarten Realty. The total square footage of the properties is 150,170, and the sale price is $38,025,000. This amounts to a price per square foot of $253.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $38,025,000
- Buyer: Black Lion Investment Group - Robert Rivani
- Seller: Weingarten Realty
- Address: 4220 Oracle Rd., 4270 Oracle Rd., 4240 Oracle Rd., 4336 Oracle Rd., 4374 Oracle Rd., and 235 Wetmore Rd., Tucson, Arizona
- Market: Tucson, Arizona
- Tenants: Walgreens, Home Depot, PetSmart, BJ's Restaurants, Bassett Furniture
The retail properties were sold to Black Lion Investment Group, with Robert Rivani representing the buyer. Weingarten Realty acted as the seller. The properties are located in Tucson, Arizona and have a total square footage of 150,170. The sale price for these properties was $38,025,000, resulting in a price per square foot of $253.
On the Map
$38,025,000
$253/SF
Retail
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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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93