$2,550,000
Litchfield Park, AZ 85340
MLS# 6006173
Status: Closed
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Property Description
• Fully-Leased Commercial Building • Brand New 8-Year Triple-Net (NNN) Lease (commences 9/1/2020) • 2.50% Rental Increases Annually • Strong National Tenant • Located Near Business and Retail Amenities • Large Monument Sign on Dysart Rd • Easy freeway access to I-10 and Loop 101 • Ample Parking of 4.5/1,000
Details
Maps
Contract Info
Current Price: $2,550,000
Sold Price: $2,550,000
Status: Closed
List Date: 2019-11-18
Ownership: Other (See Remarks)
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: N29
House Number: 5220
Compass: N
Street Name: DYSART
St Suffix: Road
City/Town Code: Litchfield Park
State/Province: AZ
Zip Code: 85340
Zip4: 3046
Country: USA
County Code: Maricopa
Building Number: C
Legal Description (Abbrev): LOT C101 TRACT C VERANDA COMMONS CONDOMINIUM MCR 082835
Subdivision: VERANDA COMMONS CONDOMINIUM
Assessor's Map #: 62
Assessor's Parcel #: 894
Add'l Parcels: No
Assessor Number: 501-62-894
Census Tract: 61047
Legal: LOT C101 TRACT C VERANDA COMMONS CONDOMINIUM MCR 082835
Tax Municipality: Maricopa - COUNTY
Taxes: 19079
Tax Year: 2019
General Property Description
Ttl Apx SqFt Bldg: 10450
# of Buildings: 1
Year Built: 2005
Uncvrd Parking Spcs: 56
Zoning: C-O
Remarks & Misc
Cross Street: N Dysart Rd & W Camelback Rd
Geo Lat: 33.511167
Geo Lon: -112.342619
Status Change Info
Status Change Date: 2020-09-19
Off Market Date: 2020-07-29
Under Contract Date: 2020-07-27
Close of Escrow Date: 2020-09-18
Sold Price: $2,550,000
Legal Info
Township: 2N
Range: 1W
Section: 15
Lot Number: C101
Income & Expenses
Annual Ins Exp: 3300
Annual Maint Exp: 5000
Annual Mgmt Exp: 12000
Owner Association: Yes
Annual Ownr Asoc Fee: 31845
Annual Other Expense: 1500
Operating Exp: 72724
Net Operating Income: 181375
Pmt & Rate Info
Cap Rate: 6.91
Equity: 2625000
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: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
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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