God's Vast Resources Acquires Retail Space In Tucson From Valley National Bank For $1.1M
6161 East 22nd Street
$1,100,000
$155/SF
Building Size
7,089 SF
Asset Type
Retail
Closing
Jan 8, 2024
AI
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
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93