$495,000
Mesa, AZ 85206
MLS# 5770174
Status: Closed
1 / 1
Property Description
OFFERING SUMMARY Sale Price: $512,000 Price PSF: $284.44 Cap Rate: 7.00% Current NOI: $35,852 Year Built: 2001 Building Size: +/- 5,400 SF Condo Size: +/- 1,800 SF Zoning: LI APN: 140-68-086 • Medical Office Condominium Investment Sale • 100% Leased • Tenant Name: Physicians Group, PLLC (dba PainStop) • Tenant Business: Healthcare - Pain Management • Lease Commenced 8/1/14. Remaining Lease Term Thru 10/31/2021 • Two (2) Options to Extend the Lease Term Thirty-Six (36) Months • Personally Guaranteed • Located within Greenfield Medical Center Office Condominiums (Professionally Managed HOA) • NEC of Greenfield & Baseline Rd. Close proximity to Banner Desert Samaritan, Tempe St. Luke's, Valley Lutheran and Chandler Regional Hospitals
Details
Maps
Contract Info
Current Price: $495,000
Sold Price: $495,000
Status: Closed
List Date: 2018-05-23
Ownership: Other (See Remarks)
Sub Agent $/%: %
Buyer/Broker: N
Location, Tax & Legal
Map Code/Grid: R41
House Number: 4540
Compass: E
Street Name: BASELINE
St Suffix: Road
Unit #: 119
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85206
Zip4: 4616
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 107 GREENFIELD MEDICAL PLAZA CONDOMINIUM REPLAT MCR 058921
Subdivision: GREENFIELD MEDICAL PLAZA CONDOMINIUM REPLAT
Assessor's Map #: 68
Assessor's Parcel #: 74
Add'l Parcels: No
Assessor Number: 140-68-074
Census Tract: 422636
Legal: LOT 107 GREENFIELD MEDICAL PLAZA CONDOMINIUM REPLAT MCR 058921
Tax Municipality: Mesa
Taxes: 4758
Tax Year: 2017
General Property Description
Ttl Apx SqFt Bldg: 4971
# of Buildings: 1
Year Built: 2001
Uncvrd Parking Spcs: 10
Zoning: I-1
Remarks & Misc
Cross Street: E Baseline Rd & N Greenfield Rd
Geo Lat: 33.379516
Geo Lon: -111.73601
Status Change Info
Status Change Date: 2018-08-01
Off Market Date: 2018-08-01
Under Contract Date: 2018-07-02
Close of Escrow Date: 2018-08-01
Sold Price: $495,000
Legal Info
Township: 1N
Range: 6E
Section: 34
Lot Number: 107
Income & Expenses
Owner Association: No
Operating Exp: 4758
Pmt & Rate Info
Equity: 512000
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Office; Other (See Remarks)
Current Use: Medical/Dental; Office
Stories: 1 Story
Construction: Other (See Remarks)
Roofing: Other (See Remarks)
Floors: Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Other; See Remarks
Cooling: Other; See Remarks
Loading Facilities: Other (See Remarks)
Interior: Other (See Remarks)
Fencing: Other; See Remarks
Parking: Other (See Remarks)
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water: Other; See Remarks
Sewer: Other (See Remarks)
Source of Fincl Data: Other (See Remarks)
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Reports/Disclosures: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: The Menlo Group Commercial Real Estate
Last Updated: August - 06 - 2021
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