$775,000
1425 W ELLIOT Road, A103
Gilbert, AZ 85233
MLS# 6291111
Status: Closed



1425 W ELLIOT Road, A103, Gilbert, AZ 85233
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Property Description
Fully Built out Office space with reception area!! Previously used for a Real Estate Brokerage. This class A Building is available for Office or Medical Use. Water Views of Beautiful Gilbert Islands Lakes & the Fountain. Access to a private Balcony overlooking the fountain and the lake. Easy Access to US 60, restaurants, daycare

Details
Maps
Contract Info
Current Price: $775,000
Sold Price: $775,000
Status: Closed
List Date: 2021-09-09
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: S39
House Number: 1425
Compass: W
Street Name: ELLIOT
St Suffix: Road
Unit #: A103
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85233
Zip4: 5141
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT A103 OASIS AT THE ISLANDS PROFESSIONAL PLAZA BLDG A STE MCR 094103
Subdivision: OASIS AT THE ISLANDS PROFESSIONAL PLAZA
Assessor's Map #: 35
Assessor's Parcel #: 413
Add'l Parcels: No
Assessor Number: 302-35-413
Census Tract: 422305
Legal: LOT A103 OASIS AT THE ISLANDS PROFESSIONAL PLAZA BLDG A STE MCR 094103 BLDG A , STE A-103
Tax Municipality: Gilbert
Taxes: 4478
Tax Year: 2020
General Property Description
Type of Property: Commercial Office
Ttl Apx SqFt Bldg: 29792
Ttl Apx Net Rnt Spc: 2747
# of Buildings: 1
Year Built: 2004
Uncvrd Parking Spcs: 40
Zoning: O
Flood Zone: No
Remarks & Misc
Cross Street: Elliot / McQueen
Directions: East on Mcqueen,, behind the bank, 2 story office building. This office is on the first floor.
Geo Lat: 33.348519
Geo Lon: -111.820671
Status Change Info
Status Change Date: 2021-12-21
Off Market Date: 2021-12-21
Under Contract Date: 2021-12-01
Close of Escrow Date: 2021-12-20
Sold Price: $775,000
Legal Info
Township: 1S
Range: 5E
Section: 14
Lot Number: A103
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 550
Operating Exp: 5028
Gross Annual Sch Inc: 43200
Other Income: 14400
Vacancy Allowance: 0.05
Adjusted Gross Inc: 54720
Net Operating Income: 57600
Pmt & Rate Info
Cap Rate: 7.94
Equity: 725000
Sold Info
Loan Type: Cash
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Office
Current Use: Medical/Dental; Office
Stories: 2 Stories
Construction: Frame - Wood
Roofing: Tile
Floors: Concrete
Ceiling Height: 12.1 Feet to 14 Feet
Cooling: Central A/C
Loading Facilities: None
Interior: Finished
Fencing: None
Amenities: Public Elevator(s); Conference Room; Reception Room; Cafeteria; Kitchen; Computer Room; LAN Compatible Copr; Fiber Optic Availble
Parking: Free
Electric: SRP
Gas: None
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: Access
Railroad: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Source of Fincl Data: Provided by Owner
Existing 3rd Loan: Other (See Remarks)
Roads/Streets: Asphalt; Concrete; Curb(s) & Gutter(s); Sidewalk(s)
Reports/Disclosures: Seller Prop Disc Stm
Use Restrictions: CC&R's
Environmental: None

Listing Office: Rapido Realty, LLC

Last Updated: May - 08 - 2023

1425 W ELLIOT Road, A103, Gilbert, AZ 85233 - MLS# 6291111
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