3737 N Country Club Rd - Apartments FOR SALE


Tucson, AZ 85716- Prince Tuscon
$12,100,000 USD
520-955-3164
3737 N Country Club Rd, Tucson, AZ for Sale
$12,100,000 USD
Apartments - FOR SALE
1/18
null | 7.2% Cap Rate

3737 N Country Club Rd
Tucson, AZ 85716
Prince Tuscon


OVERVIEW

EXECUTIVE OVERVIEW SHANNON PARK APARTMENTS REPRESENTS A COMPELLING OPPORTUNITY TO ACQUIRE A STABILIZED, WELL-MAINTAINED MULTIFAMILY ASSET IN ONE OF SOUTHERN ARIZONA’S MOST DYNAMIC RENTAL MARKETS. POSITIONED ON 6.77 ACRES, THE PROPERTY OFFERS 68,592 RENTABLE SQUARE FEET AND IS CURRENTLY OPERATING AT 97.7% OCCUPANCY, DEMONSTRATING BOTH STRONG TENANT DEMAND AND CONSISTENT MANAGEMENT PERFORMANCE. WITH A PROVEN OPERATING HISTORY, INDIVIDUALLY METERED UTILITIES, AND TENANT-SUPPORTED COST STRUCTURES, SHANNON PARK APARTMENTS DELIVERS AN IMMEDIATE 7.2% CAP RATE ON ACTUALS AND PROVIDES INVESTORS WITH DURABLE CASH FLOW AND LONG-TERM VALUE APPRECIATION POTENTIAL. PROPERTY HIGHLIGHTS TOTAL LAND AREA: 6.77 ACRES RENTABLE SQUARE FOOTAGE: 68,592 SF YEAR BUILT: 1971 ZONING: R-2 MULTIFAMILY OCCUPANCY: 97.7% AMENITIES: CLUBHOUSE, SWIMMING POOL, LUSH LANDSCAPED GROUNDS TENANT SERVICES: ON-SITE LAUNDRY FACILITIES WITH TENANT-PAID WASHERS & DRYERS PARKING: 90 COVERED SPACES AND 55 UNCOVERED SPACES MECHANICAL SYSTEMS: INDIVIDUALLY METERED GAS & ELECTRIC; INDIVIDUAL AC AND HEATING UNITS PER APARTMENT UTILITIES: WATER BILLED BACK TO TENANTS INVESTMENT METRICS ASKING PRICE: $12,100,000 PRICE PER UNIT: $134,444 PRICE PER SQUARE FOOT: $172.47 CAP RATE (ACTUAL): 7.2% INVESTMENT THESIS SHANNON PARK APARTMENTS OFFERS INVESTORS A RARE BALANCE OF STABILITY, CASH FLOW, AND OPERATIONAL EFFICIENCY IN TUCSON’S STRONG MULTIFAMILY MARKET. INDIVIDUALLY METERED UTILITIES AND A WATER BILL-BACK SYSTEM SIGNIFICANTLY REDUCE OWNERSHIP EXPENSES, WHILE MATURE LANDSCAPING, A CLUBHOUSE, AND A POOL ENHANCE TENANT SATISFACTION AND RETENTION. GIVEN ITS PROVEN OPERATING PERFORMANCE AND DESIRABLE LOCATION, SHANNON PARK IS POSITIONED AS AN ATTRACTIVE INVESTMENT FOR BUYERS SEEKING: STABLE IN-PLACE CASH FLOW SUPPORTED BY NEARLY FULL OCCUPANCY OPERATIONAL EFFICIENCIES THROUGH TENANT-PAID UTILITIES AND SERVICES LONG-TERM APPRECIATION POTENTIAL WITHIN THE GROWING TUCSON MULTIFAMILY MARKET OFFERING CONDITIONS ALL FINANCIAL DETAILS BEYOND THOSE PRESENTED HEREIN ARE AVAILABLE UPON REQUEST. INTERESTED PARTIES ARE ENCOURAGED TO CONTACT THE LISTING AGENTS FOR A FULL FINANCIAL PACKAGE, RENT ROLL, AND SUPPORTING DUE DILIGENCE MATERIALS.

FOR SALE DETAILS

PRICE

$12,100,000 USD

PRICE/SF

$143 USD /SF

# OF UNITS

90

PRICE/UNIT

$134,444

CAP RATE

7.2%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shannon Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

145

LAND DETAILS

LAND ACRES

6.77 AC

LAND SF

294,901 SF

ZONING

Tucson R-2

APN/PARCEL ID

112-01-6390

ASK ABOUT THIS PROPERTY

Matt BollingerRealty ExecutivesMore Info
520-955-3164

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Matt BollingerRealty ExecutivesMore Info
520-955-3164

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.