$730,000
Surprise, AZ 85374
MLS# 6375336
Status: Closed
1 / 32
Property Description
Incredible opportunity for either an investor or owner user! This property has a lease in place through October 2023, but tenant would likely be willing to vacate early for owner user if needed. Currently being operated as an Orthodontics practice. Current net operating income is approximately 60k a year. Seller just had an appraisal done and it came in at 900k and can be provided to the buyer upon request.
Details
Maps
Contract Info
Current Price: $730,000
Sold Price: $730,000
Status: Closed
List Date: 2022-03-29
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: K28
House Number: 15276
Compass: W
Street Name: BROOKSIDE
St Suffix: Lane
City/Town Code: Surprise
State/Province: AZ
Zip Code: 85374
Zip4: 3998
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 501 BROOKSIDE BELL PROFESSIONAL PARK CONDOMINIUMS MCR 099514
Subdivision: BROOKSIDE BELL PROFESSIONAL PARK CONDOMINIUMS
Assessor's Map #: 60
Assessor's Parcel #: 577
Add'l Parcels: No
Assessor Number: 503-60-577
Census Tract: 40530
Legal: LOT 501 BROOKSIDE BELL PROFESSIONAL PARK CONDOMINIUMS MCR 099514
Tax Municipality: Surprise
Taxes: 5446
Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 2491
# of Buildings: 1
Year Built: 2004
Uncvrd Parking Spcs: 5
Zoning: PAD
Flood Zone: No
Remarks & Misc
Cross Street: BELL RD AND REEMS
Geo Lat: 33.640242
Geo Lon: -112.388757
Status Change Info
Status Change Date: 2023-07-26
Off Market Date: 2023-07-26
Under Contract Date: 2023-07-07
Close of Escrow Date: 2023-07-25
Sold Price: $730,000
Legal Info
Township: 4N
Range: 1W
Section: 32
Lot Number: 501
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 7996.08
Operating Exp: 13442.08
Gross Annual Sch Inc: 79351.92
Adjusted Gross Inc: 79351.92
Net Operating Income: 57512.76
Pmt & Rate Info
Cap Rate: 6.57
Equity: 875000
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: Medical/Dental; Office
Stories: 1 Story
Construction: Frame - Wood
Roofing: Foam
Floors: Ceramic Tile; Carpet
Ceiling Height: 10.1 Feet to 12 Feet
Cooling: Central A/C; Office A/C
Loading Facilities: None
Interior: Finished
Fencing: None
Parking: Public Parking
Electric: APS
Gas: None
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 1.1 - 2 Miles
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Provided by Owner
Reports/Disclosures: Seller Prop Disc Stm
Use Restrictions: CC&R's
Environmental: None
Listing Office: The Firm RE
Last Updated: July - 26 - 2023
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