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
About this deal
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.
On the Map
$2,275,000
$249/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
6.97%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93