$560,000
Mesa, AZ 85206
MLS# 5672762
Status: Closed
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Property Description
Professional Office Investment Sale • New Five (5) NNN Year Lease Term • $625,000.00 with 7.17% Cap Rate • NOI $44,812.00 • Approximately 2,670 SF • Located on Broadway Road just west of Power Road • Easy Access to US 60 • Close Proximity to Retail, Restaurants, etc.
Details
Maps
Contract Info
Current Price: $560,000
Sold Price: $560,000
Status: Closed
List Date: 2017-10-11
Ownership: Other (See Remarks)
Sub Agent $/%: %
Buyer/Broker: N
Location, Tax & Legal
Map Code/Grid: R41
House Number: 6262
Compass: E
Street Name: BROADWAY
St Suffix: Road
Unit #: 110
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85206
Zip4: 6101
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 110 EAST VALLEY HEARING CENTER CONDOMINIUM 2ND AMD MCR 066821
Subdivision: EAST VALLEY HEARING CENTER CONDOMINIUM 2ND AMD
Assessor's Map #: 57
Assessor's Parcel #: 124
Add'l Parcels: No
Assessor Number: 141-57-124
Census Tract: 422625
Legal: LOT 110 EAST VALLEY HEARING CENTER CONDOMINIUM 2ND AMD MCR 066821
Tax Municipality: Mesa
Taxes: 5291
Tax Year: 2016
General Property Description
Ttl Apx SqFt Bldg: 2670
# of Buildings: 1
Year Built: 2002
Uncvrd Parking Spcs: 10
Zoning: OC
Remarks & Misc
Cross Street: E Broadway Rd & S 63rd St
Geo Lat: 33.409007
Geo Lon: -111.695444
Status Change Info
Status Change Date: 2018-03-14
Off Market Date: 2018-03-13
Under Contract Date: 2018-03-13
Close of Escrow Date: 2018-03-13
Sold Price: $560,000
Legal Info
Township: 1N
Range: 6E
Section: 24
Lot Number: 110
Income & Expenses
Owner Association: No
Operating Exp: 5291
Net Operating Income: 44812
Pmt & Rate Info
Cap Rate: 7.17
Equity: 625000
Sold Info
Loan Type: Conventional
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office
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: Other (See Remarks)
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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