6644 E Tanque Verde Road $940,000


    6644 E Tanque Verde Road Tucson, AZ 85715

    SOLD 12/13/2019


    • 0.34 Acres
    • Commercial
    • MLS# 21922348
    Favorite Share
    Views: 48 Days On Market: 65

    Property Details

    Priced at actual 7.5 % CAP rate! Numbers are ACTUAL and not based on ''proforma''.BEAUTIFUL 100% occupied retail/office strip center. AWESOME location on Tanque Verde near Grant Rd. Signage on Tanque Verde with visability from Grant. Ten separate business suites, each with an individual bathroom, electric meter and electric heat pump/ HVAC. Thriving businesses include a tailor, blood draw lab, counselor/therapist, dog groomer ++. Entire building is leased NNN with Tenants paying CAMS that include taxes, insurance, maintenance and repairs. Monthly CAMS are $210.00 for 8 suites and 238.00 for 2 slightly larger suites. Suites can be combined, with interior doors, or utilized separately, as business needs change. A quality property at a great CAP RATE.

    • General Features
      • Accessibility Option None
      • Area Northeast
      • Construction Status Existing
      • County Pima
      • Directions Pima/Tanque Verde east to address
      • Short Sale No
      • Special Conditions None
      • Tax Year 2018
      • Taxes 11199.82
      • Year Built 1986
    • Building Features
      • Construction Frame - Stucco
      • Fence None
      • Building SqFt 5980.00
      • Electric Company TEP
      • Fenced Storage No
      • Fire Protection Included in Taxes
      • Main Cooling AC Central
      • Gas None
      • Number of Units 10
      • Main Heating Forced Air - Elec
      • Roof Tile
      • Water City
      • Water Heater Electric
      • Parking Paved Parking
      • Terms Conventional
    • Property Features
      • Analysis: Gross Rent Multi 9.51
      • Analysis: Vacancy Rate % 0.00
      • Analysis: Cap Rate % 7.96
      • Analysis: Exp/SqFt 4.02
      • Assessments 0.00
      • Total Parking 30
      • Restrictions CCandR, Deed
      • ADA Compliant Unknown
      • Sewer Connected
      • Lot Acres 0.34
      • Retail Strip Center
      • Office Office Building
      • Lot Dimensions Irregular
      • Lot Features East/West Exposure
      • Lot SqFt 14810.00


    85715 (Tucson) Demographics

    47 Median Age
    2,655 Population Density (per sq. mile)
    51% College Educated
    $59,228 Estimated Median Income
    5,437 Estimated Total Home Owners
    2,612 Estimated Total Renters
    68% / 32% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    17,727 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $255,000 Median Sales Price
    25 Homes Sold
    49 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        12/13/2019 12:00:00 AM Sold Source New Value: $940,000
        10/8/2019 8:02:02 AM Status Changed Source New Value: Active Contingent

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