Black Lion Investment Group Sells Tucson Retail Property For $25.5M
4380 North Oracle Road
$25,500,000
$3,187/SF
Building Size
8,000 SF
Asset Type
Retail
Closing
Nov 9, 2023
About this deal
AI
The retail property located at 4380 North Oracle Road in Tucson, AZ has been sold in a closed transaction. The property, owned by Robert Rivani and represented by Black Lion Investment Group, was listed with an asking price of $25,500,000 and ultimately sold for the same price. The property spans across a total area of 90,456 square feet with a price per square foot of $282.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $25,500,000
- Address: 4380 North Oracle Road, Tucson, AZ
- Square Footage: 90,456
- Price per Square Foot: $282
- Seller: Robert Rivani - Black Lion Investment Group
The deal was facilitated by Robert Rivani as the representative of Black Lion Investment Group. The successful sale of this retail property highlights the strong demand and value of commercial real estate in Tucson, AZ.
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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93