$950,000
220 S COUNTRY CLUB Drive
Mesa, AZ 85210
MLS# 5775314
Status: Closed



220 S COUNTRY CLUB Drive, Mesa, AZ 85210
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220 S COUNTRY CLUB Drive, Mesa, AZ 85210 220 S COUNTRY CLUB Drive, Mesa, AZ 85210 220 S COUNTRY CLUB Drive, Mesa, AZ 85210 220 S COUNTRY CLUB Drive, Mesa, AZ 85210 220 S COUNTRY CLUB Drive, Mesa, AZ 85210

Property Description
Great Investment Opportunity!! 21,000 sq ft warehouse with 2 tenants. 7.54 % return on investment . Leased thru 2021! 8 brand new 6800 FCM evap coolers recently installed. Brand new roof just completed this year! 16 Ft. Ceiling Height, with each unit having a 12 ft. roll up door.

Details
Maps
Contract Info
Current Price: $950,000
Sold Price: $950,000
Status: Closed
List Date: 2018-06-04
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R38
House Number: 220
Compass: S
Street Name: COUNTRY CLUB
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 1701
Country: USA
County Code: Maricopa
Legal Description (Abbrev): COM AT NE COR SE4 SE4 SEC TH W 33F TO TPOB TH W 385.92F S 297.48F E 385.98F N 297.48F TO TPOB EX N 1
Assessor's Map #: 8
Assessor's Parcel #: 4
Assessor Parcel Ltr: M
Add'l Parcels: No
Assessor Number: 134-08-004-M
Census Tract: 421302
Legal: COM AT NE COR SE4 SE4 SEC TH W 33F TO TPOB TH W 385.92F S 297.48F E 385.98F N 297.48F TO TPOB EX N 1
Tax Municipality: Mesa
Taxes: 7811
Tax Year: 2017
General Property Description
Type of Property: Distribution/ Warehouse
Ttl Apx SqFt Bldg: 21109
# of Buildings: 1
Year Built: 1975
Uncvrd Parking Spcs: 12
Zoning: DB-2
Remarks & Misc
Cross Street: Country Club & Broadway
Directions: North on Country Club to 3rd Ave. Building is on the N/W corner of Country Club and 3rd Ave.
Geo Lat: 33.410877
Geo Lon: -111.840601
Status Change Info
Status Change Date: 2019-01-01
Off Market Date: 2018-11-14
Under Contract Date: 2018-11-09
Close of Escrow Date: 2018-12-31
Sold Price: $950,000
Legal Info
Township: 1N
Range: 5E
Section: 21
Lot Number: n/a
Bay Info
# of Bay Doors: 2
Bay Door Height: 16
Income & Expenses
Annual Ins Exp: 3500
Owner Association: No
Operating Exp: 11311
Gross Annual Sch Inc: 90491.14
Adjusted Gross Inc: 90491.14
Net Operating Income: 79180.4
Pmt & Rate Info
Cap Rate: 7.54
Equity: 1049900
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Industrial; Distribution/Warehse
Current Use: Office; Warehouse
Stories: 1 Story
Construction: Block
Roofing: Rolled
Floors: Concrete
Ceiling Height: 14.1 Feet to 16 Feet
Heating: Natural Gas
Cooling: Office A/C; Chiller System
Loading Facilities: Grade Level; Drive-in Door(s)
Interior: Phone System; Private Restrooms
Fencing: Chain Link
Parking: Paved Parking
Electric: City Electric
Gas: SW Gas
Water: Individual Meter
Sewer: Sewer - Public
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Reports/Disclosures: Seller Prop Disc Stm
Use Restrictions: Currently Leased
Environmental: None

Listing Office: AZ Lane Realty

Last Updated: January - 01 - 2019

220 S COUNTRY CLUB Drive, Mesa, AZ 85210 - MLS# 5775314
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