First Washington Realty Sells Tucson Retail Property For $31.1M
5555 East River Road, Tucson, Arizona 85750, United States
$31,100,000
$290,654/SF
Building Size
107 SF
Asset Type
Retail
Closing
Apr 17, 2023
AI
The retail property located at 5555-5675 E River Road in Tucson, AZ has been sold in a closed transaction. The property spans a total of 107,508 square feet and was sold for a price of $31,100,000, resulting in a price per square foot of $289. The seller in this transaction was First Washington Realty.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $31,100,000
- Address: 5555-5675 E River Road, Tucson, AZ
- Market: Tucson, AZ
- Seller: First Washington Realty
The sale of this retail property was facilitated by the brokers Patrick Dempsey, Geoff Tranchina, and Patrick Anthon from JLL.
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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93