$900,000
235 S SIESTA Lane
Tempe, AZ 85288
MLS# 5757151
Status: Closed



235 S SIESTA Lane, Tempe, AZ 85288
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235 S SIESTA Lane, Tempe, AZ 85288 235 S SIESTA Lane, Tempe, AZ 85288 235 S SIESTA Lane, Tempe, AZ 85288 235 S SIESTA Lane, Tempe, AZ 85288

Property Description
UPDATED 11/6. SELLER CARRYBACK OPPORTUNITY. Ideally located thriving auto repair business, real estate, and equipment to be sold together. Shuman's Auto Clinic has been an Tempe business icon since 1963 and in 1986 the Siesta Lane property was built. 6,656 Sq. Ft. building on 37,000 sq. ft. lot, 47-parking spaces, 6 roll-up doors, 6-hydrolic lifts, diagnostic equipment, brake lathe, wheel balance/tire changer, computers, office equipment, phone number, website. Everything is owned (no leased items onsite).

Details
Maps
Contract Info
Current Price: $900,000
Sold Price: $900,000
Status: Closed
List Date: 2018-04-25
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R37
House Number: 235
Compass: S
Street Name: SIESTA
St Suffix: Lane
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85288
Zip4: 3045
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 103 EATON UNIVERSITY INDUSTRIAL PARK MCR 017448
Subdivision: EATON UNIVERSITY INDUSTRIAL PARK
Assessor's Map #: 37
Assessor's Parcel #: 118
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 132-37-118-A
Census Tract: 318400
Legal: LOT 103 EATON UNIVERSITY INDUSTRIAL PARK MCR 017448
Tax Municipality: Maricopa - COUNTY
Taxes: 10037
Tax Year: 2017
General Property Description
Ttl Apx SqFt Bldg: 6657
# of Buildings: 1
Year Built: 1986
Uncvrd Parking Spcs: 47
Zoning: I-1 Light Indus
Remarks & Misc
Cross Street: 101 Freeway and Rio Salado Parkway
Directions: From Rio Salado and the 101, go west to Siesta Lane. Go south on Siesta to property. *PLEASE DO NOT DISTURB BUSINESS.
Geo Lat: 33.427556
Geo Lon: -111.89312
Status Change Info
Status Change Date: 2018-12-28
Off Market Date: 2018-12-05
Under Contract Date: 2018-12-05
Close of Escrow Date: 2018-12-28
Sold Price: $900,000
Legal Info
Township: 1N
Range: 4E
Section: 13
Lot Number: 103
Bay Info
# of Bays: 6
# of Bay Doors: 6
Income & Expenses
Owner Association: No
Operating Exp: 10037
Gross Annual Sch Inc: 620506
Adjusted Gross Inc: 620506
Net Operating Income: 124000
Pmt & Rate Info
Down Payment: 1238900
Cap Rate: 10.55
Equity: 1175000
Contact Info
List Agent Home Phn: 602-647-4900
Sold Info
Loan Type: Carryback
Loan Years: 10
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Building Type: Commercial; Industrial; Office
Current Use: Service Business; Automobile; Office
Stories: 2 Stories
Construction: Block; Frame - Wood
Roofing: Foam; Rolled
Floors: Concrete
Ceiling Height: 8.1 Feet to 10 Feet; 14.1 Feet to 16 Feet
Cooling: Central A/C; Office A/C; Warehouse Evap
Loading Facilities: Grade Level
Interior: Finished; Alarm System; Phone System
Exterior: Building Sign
Fencing: Block
Amenities: Reception Room; Kitchen
Parking: Fenced; Private Parking; Paved Parking
Electric: SRP; 220
Gas: None
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: Up to 1 Mile
Railroad: RlRd up to 1 Mile
Source of Fincl Data: Provided by Accntnt
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
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s)
Traffic Count: Up to 5,000
Reports/Disclosures: None
Environmental: None

Listing Office: My Home Group Real Estate

Last Updated: February - 22 - 2024

235 S SIESTA Lane, Tempe, AZ 85288 - MLS# 5757151
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