$4,300,000
Tempe, AZ 85283
MLS# 6559321
1 / 11
Property Description
Off highway parking. Bus stop at east entrance. Main door at rear with side personel doors for linited loading. Recently remodled incl. Now iin process of make-ready as tenant moved 4/15. Also, exterior paint in process. Seller is a liciensed real estate agent.
Details
Maps
Contract Info
Current Price: $4,300,000
List Price: $4,300,000
Status: Active
List Date: 2023-05-20
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R37
House Number: 1232
Compass: E
Street Name: BASELINE
St Suffix: Road
Unit #: 1B-2A
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85283
Zip4: 1404
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LAKE COUNTRY ESTATES UNIT I MCR 132/29 PT TRACT A DAF BEG SE COR TR A TH W 417F TO PT N 354.93F E TO
Subdivision: LAKE COUNTRY ESTATES UNIT 1
Assessor's Map #: 38
Assessor's Parcel #: 3
Assessor Parcel Ltr: G
Add'l Parcels: No
Assessor Number: 133-38-003-G
Census Tract: 319401
Legal: LAKE COUNTRY ESTATES UNIT I MCR 132/29 PT TRACT A DAF BEG SE COR TR A TH W 417F TO PT N 354.93F E TO
Tax Municipality: Tempe
Taxes: 43090
Tax Year: 2022
Marketing Name: 1232 E Baseline Tempe
General Property Description
Type of Property: 2 Story Office Building
Ttl Apx SqFt Bldg: 19121
# of Buildings: 1
Year Built: 1987
Uncvrd Parking Spcs: 67
Zoning: C-C
Flood Zone: No
Remarks & Misc
Cross Street: Lakeshore & Baseline (nr Rural)
Directions: South of 60 on Rural, Lakeshore or McClintock to Baseline. ENEC lakeshore.
Geo Lat: 33.378888
Geo Lon: -111.918625
Status Change Info
Status Change Date: 2023-05-20
Legal Info
Township: 1N
Lot Number: 1
Income & Expenses
Owner Association: No
Annual Other Expense: 115000
Operating Exp: 158090
Gross Annual Sch Inc: 425000
Other Income: 90000
Vacancy Allowance: 20000
Adjusted Gross Inc: 10299485000
Net Operating Income: 380000
Pmt & Rate Info
Cap Rate: 8.84
1st Payment Freq: None
2nd Payment Freq: None
Equity: 4300000
Contact Info
List Agent Home Phn: 480-421-9330
Property Features
Building Type: Commercial; Office
Current Use: Service Business; Office; Retail
Stories: 2 Stories
Construction: Block; Tilt-Up
Roofing: Built-Up; Tile
Floors: Concrete; Vinyl; Ceramic Tile; Carpet
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Heat Pump
Cooling: See Remarks
Loading Facilities: Grade Level; None; Other (See Remarks)
Interior: Finished; Fire Sprinklers; Security Light(s); Private Restrooms; Public Restrooms
Exterior: Sprinkler Sys-Ground; Landscaping; Building Sign; Monument Sign; Security Light(s); Security Camera(s)
Fencing: Block; Partial
Amenities: Public Elevator(s); Conference Room; Reception Room; Kitchen; Fiber Optic Availble
Parking: Free; Public Parking; Paved Parking
Electric: APS; Underground; Master Meter
Gas: None
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: Frontage
Showing Notification Methods: Phone Call
Lockbox Type: None
Source of Fincl Data: Projected Proforma
Reports/Disclosures: None
Environmental: None
Listing Office: DBSI Real Estate, LLC
Last Updated: January - 23 - 2024
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