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1633 S Hwy 92 13,200 SF 1% Leased Retail Building Sierra Vista, AZ 85635 $3,200,000 ($242.42/SF) 7.82% Cap Rate
Investment Highlights
- The property is a n Square is an 13,035 sf quality constructed retail center that is 100% occupied
- Tenants consisting of Hana Tokyo, Trulieve Dispensary, and Barnett Salon Suites.
Executive Summary
The property is located on Highway 92, in Sierra Vista, one of the fasted growing corridors of Southeastern Arizona. Sierra Vista is home to Fort Huahucha, the U.S. Army Intelligence Center and the U.S. Army Network Enterprise Technology Command (NETCOM)/9th Army Signal Command. Fort Huachuca is also the headquarters of Army Military Affiliate Radio System (MARS) and the Joint Interoperability Test Command (JITC), the Electronic Proving Ground (EPG), and one of the largest UAV test facilities in the world for drones
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
13,200 SF
Building Class
B
Year Built
2006
Price
$3,200,000
Price Per SF
$242.42
Cap Rate
7.82%
NOI
$250,240
Percent Leased
1%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
2.13 AC
Zoning
GC - General Commercial
Parking
61 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 107-51-262E | Improvements Assessment | $80,189 |
| Land Assessment | $22,239 | Total Assessment | $102,428 |
Property Taxes
Parcel Number
107-51-262E
Land Assessment
$22,239
Improvements Assessment
$80,189
Total Assessment
$102,428
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1633 S Hwy 92