$1,700,000
Apache Junction, AZ 85119
MLS# 6353423
Status: Closed
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Property Description
Rare opportunity to purchase a 100% occupied Industrial property with 7.54% cap rate situated on 1.25 acres. The subject property includes one building with four rental suites and four rental yards. Current net Income per year is at $98,000.00 and tenants pay property tax. These types of properties do not come to market very often. Buyer to verify all measurements, facts, figures, and important information. Property to be sold AS-IS. Please include language in the offer to be sold ''As-Is.''. Please call, text, or email the listing agents for a tour or questions.
Details
Maps
Contract Info
Current Price: $1,700,000
Sold Price: $1,700,000
Status: Closed
List Date: 2022-02-09
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q45
House Number: 3695
Compass: E
Street Name: APACHE
St Suffix: Trail
City/Town Code: Apache Junction
State/Province: AZ
Zip Code: 85119
Zip4: 8408
Country: USA
County Code: Pinal
Legal Description (Abbrev): POB OF SW COR OF E1/2 NW SEC 11-1N-8E TH E-492.82' N-10 DEG W-508 .05' TH N-10 DEG W-60.08' TO THE P
Subdivision: S11 T1N R8E
Assessor's Map #: 1
Assessor's Parcel #: 1
Assessor Parcel Ltr: R
Add'l Parcels: No
Assessor Number: 100-01-001-R
Census Tract: 311
Legal: POB OF SW COR OF E1/2 NW SEC 11-1N-8E TH E-492.82' N-10 DEG W-508 .05' TH N-10 DEG W-60.08' TO THE P
Tax Municipality: Pinal - COUNTY
Taxes: 9448
Tax Year: 2021
General Property Description
Type of Property: Commercial
Ttl Apx SqFt Bldg: 6001
# of Buildings: 1
Year Built: 2000
Uncvrd Parking Spcs: 12
Zoning: CB1
Flood Zone: No
Remarks & Misc
Cross Street: Highway 88 & Mountain View
Directions: Idaho to Highway 88, approx. 4 miles to property.
Geo Lat: 33.44475
Geo Lon: -111.506397
Status Change Info
Status Change Date: 2023-02-01
Off Market Date: 2022-12-16
Under Contract Date: 2022-12-15
Close of Escrow Date: 2023-01-31
Sold Price: $1,700,000
Legal Info
Township: 01N
Range: 08E
Section: 11
Lot Number: R
Income & Expenses
Owner Association: No
Operating Exp: 9448
Gross Annual Sch Inc: 100000
Adjusted Gross Inc: 100000
Net Operating Income: 94467.94
Pmt & Rate Info
Cap Rate: 7.27
Equity: 1300000
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Industrial; Office; Manufacturing; Distribution/Warehse
Current Use: Mixed Use; Service Business; Retail PAD; Office; Warehouse; Retail; Wholesale
Stories: 2 Stories
Construction: Block
Roofing: Metal
Floors: Concrete
Ceiling Height: 16.1 Feet to 28 Feet
Heating: Heat Pump
Cooling: Office A/C
Loading Facilities: Grade Level; Drive-in Door(s)
Interior: Finished; Unfinished; Private Restrooms
Fencing: Block; Chain Link
Parking: Free; Paved Parking
Electric: SRP; 440; 3 Phase Power
Gas: None
Water: Private Franchise; Master Meter
Sewer: Septic in & Cnctd
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Provided by Owner
Reports/Disclosures: None
Environmental: None
Listing Office: Realty ONE Group
Last Updated: February - 09 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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