$1,382,892
Surprise, AZ 85374
MLS# 5995159
Status: Closed
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Property Description
• For Sale: $1,629,171.43 SF ($192.03 PSF) • 8,300 Rentable SF • TI completed in 2015 • Great investment opportunity with guaranteed cash flow - Lease expires Sept. 30, 2023 • Close proximity to many major retailers and restaurants • Located next to Adelante Healthcare Surprise Medical facility and 2 miles from Banner Del E. Webb Hospital • Substantially below market lease rate and replacement cost • Class A finishes inside and out • Renewal Options - Two (2) options for Five years at market
Details
Maps
Contract Info
Current Price: $1,382,892
Sold Price: $1,382,892
Status: Closed
List Date: 2019-10-22
Ownership: Other (See Remarks)
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: L28
House Number: 15331
Compass: W
Street Name: Bell
St Suffix: Road
Unit #: 212
City/Town Code: Surprise
State/Province: AZ
Zip Code: 85374
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 2 BELL AND REEMS AMD MCR 108314
Subdivision: BELL AND REEMS AMD
Assessor's Map #: 12
Assessor's Parcel #: 858
Assessor Parcel Ltr: 6
Add'l Parcels: No
Assessor Number: 509-12-858-6
Census Tract: 61028
Legal: LOT 2 BELL AND REEMS AMD MCR 108314
Tax Municipality: Surprise
Taxes: 25748
Tax Year: 2019
General Property Description
Ttl Apx SqFt Bldg: 49554
Ttl Apx Net Rnt Spc: 8300
# of Buildings: 1
Year Built: 2008
Uncvrd Parking Spcs: 32
Zoning: PAD
Remarks & Misc
Cross Street: W Bell Rd & N Reems Rd
Geo Lat: 33.637384
Geo Lon: -112.390269
Status Change Info
Status Change Date: 2020-06-06
Off Market Date: 2020-05-27
Under Contract Date: 2020-05-22
Close of Escrow Date: 2020-06-05
Sold Price: $1,382,892
Legal Info
Township: 3N
Range: 1W
Section: 5
Lot Number: 2
Income & Expenses
Annual Maint Exp: 3000
Owner Association: Yes
Annual Ownr Asoc Fee: 24630
Operating Exp: 53378
Net Operating Income: 114042
Pmt & Rate Info
Cap Rate: 7
Equity: 1629171
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Office
Current Use: Office
Stories: 3 - 4 Stories
Construction: Other (See Remarks)
Roofing: Other (See Remarks)
Floors: Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Other; See Remarks
Cooling: Other; See Remarks
Loading Facilities: Other (See Remarks)
Interior: Other (See Remarks)
Fencing: Other; See Remarks
Parking: Paved Parking
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water: Other; See Remarks
Sewer: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Reports/Disclosures: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: The Menlo Group Commercial Real Estate
Last Updated: August - 06 - 2021
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