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4871 E Grant Rd, Tucson, AZ...

Updated Oct 28, 2024

InCommercial Net Lese DST 4 Acquires Retail Property In Tucson, AZ For $4.2M
SOLDRetail

InCommercial Net Lese DST 4 Acquires Retail Property In Tucson, AZ For $4.2M

4871 E Grant Rd, Tucson, AZ, USA

$4,214,979

$676/SF

Building Size

6,228 SF

Asset Type

Retail

Closing

Sep 29, 2021

About this deal

AI

The retail property located at 4871 E Grant Rd in Tucson, AZ, was recently sold in a transaction. The property spans 6,228 square feet and was sold for a total price of $4,214,979, resulting in a price per square foot of $677. The sale took place on September 29, 2021.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,214,979
  • Address: 4871 E Grant Rd, Tucson, AZ
  • Market: Tucson, AZ
  • Square Footage: 6,228
  • Buyer: InCommercial Net Lese DST 4
  • Seller: Limestone Asset Management - Ibrahim Al-Rashid, Orion Real Estate Group - Shira Orion

The buyer in this transaction was InCommercial Net Lese DST 4. The seller consisted of two entities: Limestone Asset Management with Ibrahim Al-Rashid, and Orion Real Estate Group with Shira Orion. These individuals and companies played crucial roles in the successful completion of the deal.

Players

Tucson Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $676 per square foot on a published $4.2M for 6,228 square feet (2021).

Browse Arizona retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.76%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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