[first pg for sale layout 2] 3388-3394 e. 22...[first pg layout 2] property details available 9,401...
TRANSCRIPT
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
Ron Zimmerman
Commercial Properties
+1 520 546 2755
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
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)
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
Ron Zimmerman
Commercial Properties
+1 520 546 2755
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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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
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
[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