$1,185,000
Tempe, AZ 85282
MLS# 6718928
Status: Closed
1 / 8
Property Description
PRIME 2 OFFICE/RETAIL BUILDINGS ON 15,800 SF CORNER LOT, WITH 2 ACCESS POINTS, LOCATED IN SOUTH TEMPE, JUST 1/2 MILE NORTH OF US 60 AND ONLY MINUTES FROM ASU AND SKY HARBOR AIRPORT, WITH EXCELLENT TRAFFIC COUNT ON RURAL RD, WITH PRIVATE ON-SITE PARKING. BOTH BLDGS HAVE BEEN WELL MAINTAINED WITH BOTH TILE ROOFS RE-DONE IN 2017. CURRENTLY CONFIGURED INTO 3 SUITES, ALL HAVE SEPARATE HVAC SYSTEMS AND PRIVATE BATHS IN EACH OFFICE, BUILDINGS ARE MASTER METERED FOR ELECTIC AND WATER/SEWER/TRASH. ENJOY INSTANT INCOME-NO VACANCY HERE, ONE TENANT HAS 25+YEAR TENANCY, ALL PROFESSIONAL BUS., LEASE TERMS, 1 EXP IN SEPT. OF 2025 AND ONE IN FEB. OF 2026, ONE IN SEPT OF 2026, SELLER MAY CONSIDER CARRYBACK - OR CASH OR CONV FIN
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,185,000
Sold Price: $1,185,000
Status: Closed
List Date: 2024-06-13
Location, Tax & Legal
Assessor's Map #: 28
Legal Description (Abbrev): THOMPSON WALKER TRACT 1 LOT BEG 738.25F N & 50F W OF SE COR BEING THE POB TH 50D 39M 0SC W 146.11
Assessor's Parcel #: 1
Assessor Parcel Ltr: Q
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319600
Taxes: 7240
Legal: THOMPSON WALKER TRACT 1 LOT BEG 738.25F N & 50F W OF SE COR BEING THE POB TH 50D 39M 0SC W 146.11
House Number: 3200
Compass: S
Street Name: RURAL
St Suffix: Road
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 3870
County Code: Maricopa
Subdivision: THOMPSON WALKER TRACT
Assessor Number: 133-28-001-Q
Tax Year: 2023
General Property Description
Type of Property: OFFICE AND RETAIL
Ttl Apx SqFt Bldg: 4321
# of Buildings: 2
Uncvrd Parking Spcs: 17
Flood Zone: No
Year Built: 1973
Zoning: CSS
Legal Info
Range: 4E
Section: 27
Township: 1N
Lot Number: 1
Construction
Block: 1
Roofing
Tile: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 7240
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 78520
Building Type
Commercial: 1
Office: 1
Business Type
Professional/Office: 1
Retail: 1
Stories
1 Story: 1
Pmt & Rate Info
Equity: 1400000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Electric: 1
2 or More Units: 1
Cooling
Central Air: 1
Loading Facilities
None: 1
Interior
Finished: 1
Smoke Detector(s): 1
Private Restrooms: 1
Roads/Streets
Asphalt: 1
Curb(s) & Gutter(s): 1
Sidewalk(s): 1
Exterior
Corner Lot: 1
Sprinkler Sys-Ground: 1
Landscaping: 1
Monument Sign: 1
Source of Fincl Data
Owner: 1
Traffic Count
Unknown: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Master Meter: 1
Amenities
Security Gate: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Free: 1
Private: 1
Electric
SRP: 1
Master Meter: 1
220 Volts: 1
Gas
None: 1
New Financing
Owner May Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Ln Trms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Ln Type
Not Applicable: 1
Existing 2nd Ln Trms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Use Restrictions
Currently Leased: 1
Existing 3rd Ln Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Ln Trms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Sold Info
Loan Type: Carryback
Loan Years: 30
Payment Type: Balloon
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: RURAL RD/SOUTHERN AVE
Directions: GO NORTH ON RURAL, BUILDING ON THE LEFT SIDE, CORNER OF RURAL AND GENEVA
Geo Lat: 33.394675
Geo Lon: -111.926669
Status Change Info
Off Market Date: 2025-02-11
Under Contract Date: 2025-02-11
Close of Escrow Date: 2025-02-13
Sold Price: $1,185,000
Income Expenses
Gross Annual Sch Inc: 78520
Property Features
Building Type: Commercial; Office
Business Type: Professional/Office; Retail
Stories: 1 Story
Construction: Block
Roofing: Tile
Floors: Vinyl; Ceramic Tile; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: 2 or More Units
Cooling: Central Air
Loading Facilities: None
Interior: Finished; Smoke Detector(s); Private Restrooms
Exterior: Corner Lot; Sprinkler Sys-Ground; Landscaping; Monument Sign
Fencing: Block
Amenities: Security Gate
Parking Features: Free; Private
Electric: SRP; Master Meter; 220 Volts
Gas: None
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
New Financing: Owner May Carry
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
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
Traffic Count: Unknown
Use Restrictions: Currently Leased
Environmental: None
Listing Office: Weller Realty & Management
Last Updated: February - 14 - 2025
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