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God's Vast Resources Acquires Retail Space In Tucson From Valley National Bank For $1.1M
SOLD
$1,100,000
Arizona
See Similar DealsRetail7,089 SF
Sold 01/08/2024
SOLD
God's Vast Resources Acquires Retail Space In Tucson From Valley National Bank For $1.1M
6161 East 22nd Street
See Similar DealsRetail7,089 SF
Sold 01/08/2024
Summary
ARIZONA
Asset Type:Retail
Price Per Square Foot:$155
Total Square Footage:7,089 SF
Transaction Type:Sale
God’s Vast Resources has acquired a 7,089-square-foot retail space located at 6161 East 22nd Street in Tucson, Arizona. The property was purchased from Valley National Bank of Arizona for a total of $1.1 million.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $1,100,000
- Square Footage: 7,089
- Price Per Square Foot: $155
- Address: 6161 East 22nd Street, Tucson, AZ
- Market: Tucson, AZ
David Montijo from CBRE represented God’s Vast Resources as the buyer's representative in this transaction. On the other hand, Dave Hammack from Cushman & Wakefield acted as the seller's representative representing Valley National Bank of Arizona.
Players
SELLER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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