$1,475,000
3041 E MCKELLIPS Road
Mesa, AZ 85213
MLS# 6290110
Status: Closed



3041 E MCKELLIPS Road, Mesa, AZ 85213
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Property Description
High profile single TENANT (NNN) Lease in place, three ( 3) years remaining, with an additional five (5) year option. Annual increases. Tenants have leased since 2009. ALSO INCLUDED 1+/- ACRE VACANT LOT TO THE REAR OF THE PROPERTY.

Details
Maps
Contract Info
Current Price: $1,475,000
Sold Price: $1,475,000
Status: Closed
List Date: 2021-09-07
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q40
House Number: 3041
Compass: E
Street Name: MCKELLIPS
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85213
Zip4: 3130
Country: USA
County Code: Maricopa
Legal Description (Abbrev): TH PT W 332F OF N2 NE4 NW4 SEC 8 AS DESC P/F 05-0616273
Assessor's Map #: 14
Assessor's Parcel #: 8
Assessor Parcel Ltr: Q
Add'l Parcels: No
Assessor Number: 141-14-008-Q
Census Tract: 420705
Legal: TH PT W 332F OF N2 NE4 NW4 SEC 8 AS DESC P/F 05-0616273
Tax Municipality: Mesa
Taxes: 21757
Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 2998
# of Buildings: 1
Year Built: 2006
Uncvrd Parking Spcs: 42
Zoning: C2
Remarks & Misc
Cross Street: Lindsay & McKellips
Directions: E.. FROM LINDSAY ON McKELLIPS SOUTH SIDE. NEXT TO: Sonic
Geo Lat: 33.450898
Geo Lon: -111.765741
Status Change Info
Status Change Date: 2021-11-19
Off Market Date: 2021-11-19
Under Contract Date: 2021-09-23
Close of Escrow Date: 2021-11-18
Sold Price: $1,475,000
Income & Expenses
Owner Association: No
Gross Annual Sch Inc: 109440
Adjusted Gross Inc: 109440
Net Operating Income: 82740
Pmt & Rate Info
Cap Rate: 5.52
Equity: 1500000
Contact Info
List Agent Home Phn: 602-390-8719
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Building Type: Commercial
Current Use: Restaurant; Fast Food
Stories: 1 Story
Construction: Frame - Wood
Roofing: Foam
Floors: Concrete; Ceramic Tile
Ceiling Height: 12.1 Feet to 14 Feet
Heating: Natural Gas
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Fire Sprinklers; Security System; Security Light(s); Security Camera(s); Alarm System; Phone System; Public Restrooms
Fencing: Other
Parking: Private Parking; Paved Parking
Electric: SRP; Master Meter; Individual Meter
Gas: SW Gas; Master Meter; Individual Meter
Water: City Franchise; Master Meter; Individual Meter
Sewer: Sewer - Public; Sewer-In & Connected
Showing Notification Methods: Text
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 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Roads/Streets: Asphalt; Concrete; Curb(s) & Gutter(s); Sidewalk(s)
Traffic Count: 25,001 to 35,000
Reports/Disclosures: Seller Prop Disc Stm; None
Environmental: None

Listing Office: Berkshire Hathaway HomeServices Arizona Properties

Last Updated: November - 19 - 2021

3041 E MCKELLIPS Road, Mesa, AZ 85213 - MLS# 6290110
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