$2,150,000
Surprise, AZ 85378
MLS# 5934863
Status: Closed
1 / 9
Property Description
First Class office building with excellent tenants, lower than average rents and 100% occupancy. This property is fully up to date with all fire codes, was recently professionally painted and all units face Bell Road with good signage. No disappointments here.
Details
Maps
Contract Info
Current Price: $2,150,000
Sold Price: $2,150,000
Status: Closed
List Date: 2019-06-03
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: L29
House Number: 12133
Compass: W
Street Name: BELL
St Suffix: Road
City/Town Code: Surprise
State/Province: AZ
Zip Code: 85378
Zip4: 9407
Country: USA
County Code: Maricopa
Legal Description (Abbrev): SUN RIDGE MCR 352-44 TH PT PARCEL 3 DESC BEG NE COR SD PARCEL TH S 146.44F W 127.35F N 146.44F TH E
Subdivision: SUN RIDGE LOT 3-6
Assessor's Map #: 24
Assessor's Parcel #: 12
Assessor Parcel Ltr: E
Add'l Parcels: No
Assessor Number: 501-24-012-E
Census Tract: 60801
Legal: SUN RIDGE MCR 352-44 TH PT PARCEL 3 DESC BEG NE COR SD PARCEL TH S 146.44F W 127.35F N 146.44F TH E
Tax Municipality: Surprise
Taxes: 16878
Tax Year: 2018
General Property Description
Ttl Apx SqFt Bldg: 12569
# of Buildings: 1
Year Built: 2004
Uncvrd Parking Spcs: 26
Zoning: Commercial
Remarks & Misc
Cross Street: W Bell Rd & El Mirage
Directions: Enter from South side of W Bell Rd. If West bound U-Turn at El Mirage and head East bound on W Bell Rd. 1/2 block East of El Mirage.
Geo Lat: 33.638124
Geo Lon: -112.322218
Status Change Info
Status Change Date: 2020-10-22
Off Market Date: 2020-10-22
Under Contract Date: 2020-08-05
Close of Escrow Date: 2020-10-20
Sold Price: $2,150,000
Legal Info
Township: 3N
Range: 1W
Section: 1
Lot Number: 3
Income & Expenses
Annual Elec Exp: 2968
Annual Ins Exp: 2375
Annual Landscape Exp: 3870
Annual Legal & Acctg: 2500
Annual Maint Exp: 7974
Annual Mgmt Exp: 1000
Annual Trash Exp: 3240
Annual Wtr/Swr Exp: 4017
Owner Association: No
Annual Other Expense: 7653
Net Operating Income: 157963
Pmt & Rate Info
Cap Rate: 6.87
Equity: 2300000
Contact Info
List Agent Home Phn: 623-566-3797
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Building Type: Commercial; Office
Current Use: Mixed Use; Medical/Dental; Office
Stories: 2 Stories
Construction: Block
Roofing: Foam
Floors: Concrete; Wood; Ceramic Tile; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump
Cooling: Central A/C; Heat Pump
Loading Facilities: None
Interior: Finished; Finished to Suit; Fire Sprinklers; Smoke Detector(s); Security Light(s); Private Restrooms
Exterior: Dual Street Ftg; Sprinkler Sys-Ground; Landscaping; Building Sign; Monument Sign
Fencing: None
Amenities: Public Elevator(s); Kitchen
Parking: Private Parking; Paved Parking
Electric: APS; 220; 3 Phase Power
Gas: None
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: Up to 1 Mile
Railroad: Railroad 1 - 5 Miles
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
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
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s)
Traffic Count: 75,001 to 100,000
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Realty Arizona Elite Group, LLC
Last Updated: January - 04 - 2021
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