[first pg for sale layout 2] 3388-3394 e. 22...[first pg layout 2] property details available 9,401...

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3388-3394 E. 22 nd Street Tucson, Arizona 85713 FOR SALE 11/26/2018 Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. 11/26/2018 9,401 SF Retail Strip Center Sale Price: $625,000 ($66.45/SF) 2018 Actual CAP Rate: 8.4% Ryan McGregor Commercial Properties +1 520 546 2748 [email protected] Ron Zimmerman Commercial Properties +1 520 546 2755 [email protected] PICOR Commercial Real Estate Services 5151 E. Broadway Blvd, Suite 115 Tucson, Arizona 85711 phone: +1 520 748 7100 picor.com Property Details Available 9,401 SF Lot Size 19,453 SF (0.45 Acres) Cap Rate 8.4% Zoning C-1, City of Tucson Year Built 1952 Real Property Taxes (2018) $11,790 Reid Park SUBJECT RETAIL STRIP CENTER

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Page 1: [FIRST PG FOR SALE LAYOUT 2] 3388-3394 E. 22...[FIRST PG LAYOUT 2] Property Details Available 9,401 SF Lot Size 19,453 SF (0.45 Acres) Cap Rate 8.4% Zoning C-1, City of Tucson Year

3388-3394 E. 22nd Street Tucson, Arizona 85713

FOR SALE

11/26/2018

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. 11/26/2018

9,401 SF Retail Strip Center

Sale Price: $625,000 ($66.45/SF)

2018 Actual CAP Rate: 8.4%

Ryan McGregor

Commercial Properties

+1 520 546 2748

[email protected]

Ron Zimmerman

Commercial Properties

+1 520 546 2755

[email protected]

PICOR Commercial Real Estate Services

5151 E. Broadway Blvd, Suite 115

Tucson, Arizona 85711

phone: +1 520 748 7100

picor.com

[FIRST PG

LAYOUT 2]

Property Details

Available 9,401 SF

Lot Size 19,453 SF (0.45 Acres)

Cap Rate 8.4%

Zoning C-1, City of Tucson

Year Built 1952

Real Property Taxes (2018) $11,790

Demographics

2017 Estimates

1-Mile

Radius

3-Mile

Radius

5-Mile

Radius

Population Density

Households

Avg. Household Income

Daytime Employment

Total Retail Expenditure

Traffic Counts 24-hr. two-way volume of average weekday traffic.

Source: Pima Association of Governments

_____Ave ______ VPD

____Rd ______ VPD

Actual Proforma

NOI $52,490 $52,490

Cap Rate 8.40% 8.40%

Total $625,000

100%

Reid Park

SUBJECT Property Highlights

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RETAIL STRIP CENTER

Page 2: [FIRST PG FOR SALE LAYOUT 2] 3388-3394 E. 22...[FIRST PG LAYOUT 2] Property Details Available 9,401 SF Lot Size 19,453 SF (0.45 Acres) Cap Rate 8.4% Zoning C-1, City of Tucson Year

3388-3394 E. 22nd Street Tucson, Arizona 85713

FOR SALE

11/26/2018

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

[LAYOUT 9

populated]

Income & Expenses Actual 2018

Income $68,220

Insurance $1,455

Real Property Taxes $11,790

Water & Sewer $600

Miscellaneous $1,800

NOI $52,575

CAP Rate 8.4%

Proforma 2018 Underwriting

$5,685 X 12 month GROSS Income = $68,220.00

Tenant Suite Size Rent/Mo. Lease Exp

777 Tattoo Supply 3388 1,248 SF $1,000 08/15/2021

5 Points Bikes 3390 1,365 SF $925 12/31/2021

Purple Penguin Candy 3392 1,644 SF $1,400 11/30/2021

Industrial Safety Shoes 3394 2,669 SF $2,360 08/31/2023

Canopy 2,475 SF

Total 9,401 SF $5,685

RETAIL STRIP CENTER

(Additional 2,475 SF Canopy included)

Page 3: [FIRST PG FOR SALE LAYOUT 2] 3388-3394 E. 22...[FIRST PG LAYOUT 2] Property Details Available 9,401 SF Lot Size 19,453 SF (0.45 Acres) Cap Rate 8.4% Zoning C-1, City of Tucson Year

3388-3394 E. 22nd Street Tucson, Arizona 85713

FOR SALE

11/26/2018

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Floor Plan RETAIL STRIP CENTER

Ryan McGregor

Commercial Properties

+1 520 546 2748

[email protected]

Ron Zimmerman

Commercial Properties

+1 520 546 2755

[email protected]

PICOR Commercial Real Estate Services

5151 E. Broadway Blvd, Suite 115

Tucson, Arizona 85711

phone: +1 520 748 7100

picor.com

AVAILABLE

9,401 SF

MEZZANINE

1,485 SF

Tenant Suite Size (SF)

777 Tattoo Supply 3388 1,100

5 Points Bikes 3390 1,216

Purple Penguin Candy 3392 1,495

Industrial Safety Shoes 3394 2,520

Actual Proforma

NOI: $52,490 $52,490

Cap Rate: 8.40% 8.40%

Price: $675,000

Actual Proforma

NOI: $52,490 $52,490

Cap Rate: 8.40% 8.40%

Price: $625,000

22nd Street

Jo

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Page 4: [FIRST PG FOR SALE LAYOUT 2] 3388-3394 E. 22...[FIRST PG LAYOUT 2] Property Details Available 9,401 SF Lot Size 19,453 SF (0.45 Acres) Cap Rate 8.4% Zoning C-1, City of Tucson Year

3388-3394 E. 22nd Street Tucson, Arizona 85713

FOR SALE

11/26/2018

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Ryan McGregor

Commercial Properties

+1 520 546 2748

[email protected]

PICOR Commercial Real Estate Services

5151 E. Broadway Blvd, Suite 115

Tucson, Arizona 85711

phone: +1 520 748 7100

picor.com

Ron Zimmerman

Commercial Properties

+1 520 546 2755

[email protected]

[LAYOUT 11

populated]

RETAIL STRIP CENTER

Actual Proforma

NOI $52,490 $52,490

Cap Rate 8.40% 8.40%

Total $625,000

Tenant Suite Size (SF)

777 Tattoo Supply 3388 1,110

5 Points Bikes 3390 1,216

Purple Penguin Candy 3392 1,495

Industrial Safety Shoes 3394 2,520

Aerial Map

Reid Park

Reid Park

Tenant Suite Size (SF)

777 Tattoo Supply 3388 1,100

5 Points Bikes 3390 1,216

Purple Penguin Candy 3392 1,495

Industrial Safety Shoes 3394 2,520

Actual Proforma

NOI: $52,490 $52,490

Cap Rate: 8.40% 8.40%

Price: $675,000