Black Lion Investment Group Sells Retail Property In Tucson, AZ For $2.275M
4336 N Oracle Rd, Tucson, AZ, USA
$2,275,000
$249/SF
Building Size
9,120 SF
Asset Type
Retail
Closing
Aug 17, 2021
AI
The retail property located at 4336 N. Oracle Rd. in Tucson, AZ has been sold for a total price of $2,275,000. The property spans 9,120 square feet, resulting in a price per square foot of $249. The transaction took place on August 18, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,275,000
- Address: 4336 N. Oracle Rd., Tucson, AZ
- Market: Tucson, AZ
- Seller: Black Lion Investment Group - Robert Rivani
- Broker: Chris Hollenbeck - Cushman & Wakefield
The property sale was facilitated by Chris Hollenbeck of Cushman & Wakefield, representing the seller, Robert Rivani of Black Lion Investment Group.
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
6.97%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93