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5555 East River Road, Tucso...

First Washington Realty Sells Tucson Retail Property For $31.1M
SOLDRetail

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

Geoff Tranchina

JLL

Broker

$2.3B

vol

48 deals

Broker
FR
First Washington RealtySeller

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

0.51%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93