$1,625,000
2114 W APACHE Trail
Apache Junction, AZ 85120
MLS# 5676095
Status: Closed



2114 W APACHE Trail, Apache Junction, AZ 85120
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Property Description
This two-story mixed use building has commanding views and terrific signage opportunities all located on the busiest roadway in Apache Junction. It has 12,000 sf of leasable space. The owners recently renovated several suites and all have now been built out and are move-in ready. Each includes a finished restroom and all suites are individually metered for electricity and have separate HVAC systems. Concrete tilt-up construction makes this property perfect for minimizing maintenance. Three stairways and an Otis elevator provide easy access for tenants and customers to the second floor. Current and past tenants have included retail, service and office uses. Perfect building for a commercial investor or owner operator looking for a premium location in the far east valley.

Details
Maps
Contract Info
Current Price: $1,625,000
Sold Price: $1,625,000
Status: Closed
List Date: 2017-10-16
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R44
House Number: 2114
Compass: W
Street Name: APACHE
St Suffix: Trail
City/Town Code: Apache Junction
State/Province: AZ
Zip Code: 85120
Zip4: 3787
Country: USA
County Code: Pinal
Legal Description (Abbrev): LOT 4 CAYTON SUBDIVISION CAB 5 SLD 21
Subdivision: CAYTON SUBDIVISION
Assessor's Map #: 3
Assessor's Parcel #: 2
Assessor Parcel Ltr: C
Add'l Parcels: No
Assessor Number: 101-03-002-C
Census Tract: 308
Legal: LOT 4 CAYTON SUBDIVISION CAB 5 SLD 21
Tax Municipality: Pinal - COUNTY
Taxes: 22326
Tax Year: 2018
Marketing Name: Ocotillo Center
General Property Description
Type of Property: Office / Retail
Ttl Apx SqFt Bldg: 12601
# of Buildings: 1
Lot Size Dimensions: 174 X 130
Year Built: 2006
Uncvrd Parking Spcs: 32
Zoning: B-2/PD
Remarks & Misc
Cross Street: US 60 and Ironwood Drive
Directions: From US 60 East take Ironwood North to Apache Trail turn left (West) onto Apache Trail and proceed east (approx .3 Miles) to property, on the NEC of Apache Trail and Ocotillo Dr.
Geo Lat: 33.415666
Geo Lon: -111.568814
Status Change Info
Status Change Date: 2022-04-27
Off Market Date: 2022-04-20
Under Contract Date: 2022-01-03
Close of Escrow Date: 2022-04-26
Sold Price: $1,625,000
Legal Info
Township: 01N
Range: 08E
Section: 19
Lot Number: 4
Income & Expenses
Annual Elec Exp: 1243
Annual Ins Exp: 2678
Annual Maint Exp: 1860
Annual Trash Exp: 1433
Annual Wtr/Swr Exp: 4441
Owner Association: No
Operating Exp: 33981
Gross Annual Sch Inc: 165000
Vacancy Allowance: 0.24
Adjusted Gross Inc: 125400
Net Operating Income: 102164
Pmt & Rate Info
Cap Rate: 6.01
Equity: 1699000
Sold Info
Loan Type: Conventional
Loan Years: 25
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office; Other (See Remarks)
Current Use: Mixed Use; Service Business; Fast Food; Retail
Stories: 2 Stories
Construction: Block; Tilt-Up
Roofing: Foam
Floors: Concrete; Vinyl; Wood
Ceiling Height: 8.1 Feet to 10 Feet; 10.1 Feet to 12 Feet
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Fire Sprinklers; Smoke Detector(s); Private Restrooms
Exterior: Corner Lot; Landscaping; Building Sign; Monument Sign
Fencing: None
Amenities: Public Elevator(s)
Parking: Free; Private Parking; Paved Parking
Electric: SRP
Gas: None
Water: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Freeway/Highway: 1.1 - 2 Miles
Showing Notification Methods: Phone Call
Lockbox Type: None
Special: Incorporated Area
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 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt; Dedicated Street; Sidewalk(s)
Traffic Count: 15,001 to 25,000
Reports/Disclosures: Seller Prop Disc Stm
Use Restrictions: Other (See Remarks)
Environmental: None

Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: April - 27 - 2022

2114 W APACHE Trail, Apache Junction, AZ 85120 - MLS# 5676095
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