$1,260,000
Chandler, AZ 85248
MLS# 6012836
Status: Closed
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Property Description
• 2-Tenant Medical Investment Sale • $1,278,000 ($342.72 PSF) • Located within The Fountains at Ocotillo, a 48,000 SF professional office condo plaza • Total Size: Approximately 3,729 SF • Suite 3: 2,401 SF Occupied by Physical Therapist Tenant with 7-Year Lease Term & Suite 8: 1,328 SF Occupied by Dermatologist with 4-Year Lease Term • NNN Leases with 3% Annual Increases • Plentiful Parking, Building Signage & Beautiful Landscaping • Centrally Located to Nearby Shopping and Dining, Including the Ocotillo Golf Club, and Chandler Regional Hospital • Easy Access to Loop 202 • Year Built: 2005
Details
Maps
Contract Info
Current Price: $1,260,000
Sold Price: $1,260,000
Status: Closed
List Date: 2019-12-09
Ownership: Other (See Remarks)
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: U38
House Number: 3930
Compass: S
Street Name: ALMA SCHOOL
St Suffix: Road
Unit #: 3&8
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85248
Zip4: 4510
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT B103 FOUNTAINS AT OCOTILLO CONDOMINIUM MCR 071237
Subdivision: FOUNTAINS AT OCOTILLO CONDOMINIUM
Assessor's Map #: 49
Assessor's Parcel #: 150
Add'l Parcels: Yes
Assessor Number: 303-49-150
Census Tract: 812600
Legal: LOT B103 FOUNTAINS AT OCOTILLO CONDOMINIUM MCR 071237
Tax Municipality: Chandler
Taxes: 2922
Tax Year: 2019
General Property Description
Type of Property: Multi-tenant investment
Ttl Apx SqFt Bldg: 13748
Ttl Apx Net Rnt Spc: 3729
# of Buildings: 1
Year Built: 2005
Uncvrd Parking Spcs: 12
Zoning: PAD
Remarks & Misc
Cross Street: S Alma School Rd & W Ocotillo Rd
Geo Lat: 33.248638
Geo Lon: -111.86584
Status Change Info
Status Change Date: 2020-02-01
Off Market Date: 2019-12-30
Under Contract Date: 2019-12-27
Close of Escrow Date: 2020-01-31
Sold Price: $1,260,000
Legal Info
Township: 2S
Range: 5E
Section: 17
Lot Number: B103
Income & Expenses
Owner Association: Yes
Net Operating Income: 86288.16
Pmt & Rate Info
Cap Rate: 6.75
Equity: 1278000
Sold Info
Loan Type: Conventional
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Office
Current Use: Medical/Dental; Office
Stories: 1 Story
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: No Sewer/Septic
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
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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