TITLE:
TUCSON 100% OCCUPIED SALON
CONTROL:
Exclusive
VALUE:
$745,000
LOAN:
$350,000
EQUITY:
$395,000
TYPE:
Retail/Commercial
HAVE:
Retail building 100% occupied with a beauty salon on major North-South thoroughfare. (Oracle Rd) Successful salon has been operating for many years. See Remarks Below
ADDRESS:
6584 N Oracle Rd, Tucson, Arizona
BENEFITS TO NEW OWNER:
Established Retial Investment Opportunity. Income from day 1. Long term tenants.
OTHER FILES:
GROSS SCHEDULED INCOME:
$135,000 Projected
VACANCY LOSS:
$6,750
GROSS EFFECTIVE INCOME:
$128,250
EXPENSES:
$29,000
NOI:
$99,250
DEBT SERVICE:
$58,000
CASH FLOW:
$41,250
CAP RATE:
13.32%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$375,000
$4,833
7%
01/30/2026
No
BENEFITS SOUGHT:
Relieved of Debt. Semi-Retirement. Seller would continue as a tenant.
CAN ADD:
Seller could provice some financing. Submit
REMARKS:
Consider this as a 13 tenant retail building in a great location. Long term tenants. Very little management required. Seller will remain as tenant. Alternatinve uses for the building in high demand on Oracle Rd.
COUNSELOR:
Tom DeSollar
Arizona First Properties LLC
6700 N. Oracle Rd. Suite 235
Tucson, Arizona, 85704
