$730,000
Casa Grande, AZ 85122
MLS# 6077679
Status: Closed
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Property Description
Highly visible, versatile office building with solid tenants including Stewart Chiropractic and Grow With Grace Learning Center. Upstairs loft office includes 4 private offices and common area. Can be master leased and offices subleased separately for executive suites. Lease includes electricity, water, property tax - Tenant pays liability insurance and janitorial. Conveniently located in the heart of Casa Grande. Proforma CAP 8.45 % with upside. Expand on the adjacent vacant lot for even better returns.
Details
Maps
Contract Info
Current Price: $730,000
Sold Price: $730,000
Status: Closed
List Date: 2020-05-13
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: X41
House Number: 1415
Compass: N
Street Name: Trekell
St Suffix: Road
City/Town Code: Casa Grande
State/Province: AZ
Zip Code: 85122
Country: USA
County Code: Pinal
Assessor's Map #: 4
Assessor's Parcel #: 192
Add'l Parcels: Yes
Assessor Number: 506-04-192
Legal: IE GIARDINO PAESE DELLE MERITO TR a
Tax Municipality: Casa Grande
Tax District: 0403
Taxes: 9192
Tax Year: 2019
General Property Description
Type of Property: Commercial Office
Ttl Apx SqFt Bldg: 7330
Ttl Apx Net Rnt Spc: 6400
# of Buildings: 1
Lot Size Dimensions: IRR
Year Built: 1982
Volts/Amps: 400
Uncvrd Parking Spcs: 33
Zoning: B3
Remarks & Misc
Cross Street: Trekell Rd and McMurray
Directions: NWC of Trekell and McMurray - 1/2 mile North of Florence and 1/2 Mile South of Cottonwood
Geo Lat: 32.887226
Geo Lon: -111.740317
Status Change Info
Status Change Date: 2021-02-26
Off Market Date: 2020-12-10
Under Contract Date: 2020-11-16
Close of Escrow Date: 2021-02-25
Sold Price: $730,000
Legal Info
Township: 6S
Range: 6E
Section: 20
Income & Expenses
Annual Elec Exp: 12576
Annual Ins Exp: 3000
Annual Landscape Exp: 5638
Annual Wtr/Swr Exp: 5409
Owner Association: No
Operating Exp: 35815
Gross Annual Sch Inc: 101151
Vacancy Allowance: 0.07
Adjusted Gross Inc: 94070.43
Net Operating Income: 64510
Pmt & Rate Info
Cap Rate: 8.38
Equity: 770000
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: Stucco; Frame - Wood
Roofing: Built-Up; Rolled
Floors: 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; Private Restrooms
Exterior: Corner Lot; Sprinkler Sys-Ground; Landscaping; Building Sign; Monument Sign
Fencing: None
Amenities: Conference Room; Reception Room
Parking: Free; Paved Parking
Electric: City Electric; Master Meter; 220
Gas: SW Gas; Master Meter
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Freeway/Highway: 2.1 - 5 Miles
Showing Notification Methods: 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 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt; Dedicated Street; Curb(s) & Gutter(s); Sidewalk(s)
Traffic Count: 25,001 to 35,000
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Keller Williams Realty Sonoran Living
Last Updated: February - 26 - 2021
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