$920,000
Mesa, AZ 85205
MLS# 6290287
Status: Closed
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Property Description
Amazing opportunity to own a fantastic Office property on almost one acre with the perfect location! The expansive parking for the 6000sf office building is perfectly situated in a highly transited corner lot! Roof redone in August 2021! There is potential for a Drive-Thru operation, and the building is Currently about 90% occupied with long time tenants, great for an investor. Take a look before it's too late!
Details
Maps
Contract Info
Current Price: $920,000
Sold Price: $920,000
Status: Closed
List Date: 2021-09-06
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R41
House Number: 6315
Compass: E
Street Name: MAIN
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85205
Zip4: 8953
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 6 LEISURE WORLD CENTER UNIT 1 MCR 020511
Subdivision: LEISURE WORLD CENTER UNIT 1
Assessor's Map #: 57
Assessor's Parcel #: 15
Assessor Parcel Ltr: B
Add'l Parcels: No
Assessor Number: 141-57-015-B
Census Tract: 422625
Legal: LOT 6 LEISURE WORLD CENTER UNIT 1 MCR 020511
Tax Municipality: Maricopa - COUNTY
Taxes: 9679
Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 6221
# of Buildings: 1
Lot Size Dimensions: Unknown
Year Built: 1980
Uncvrd Parking Spcs: 54
Zoning: C-2
Remarks & Misc
Cross Street: Power and Main
Directions: Power and Main west on Main to property. Property on the the southeast corner of 63st. and Main
Geo Lat: 33.415157
Geo Lon: -111.694868
Status Change Info
Status Change Date: 2022-07-16
Off Market Date: 2022-06-24
Under Contract Date: 2022-05-15
Close of Escrow Date: 2022-07-15
Sold Price: $920,000
Legal Info
Township: 1N
Range: 6E
Section: 24
Lot Number: 6
Income & Expenses
Annual Elec Exp: 8128.15
Annual Gas Exp: 956
Annual Ins Exp: 3060
Annual Landscape Exp: 5905
Annual Maint Exp: 2200
Annual Trash Exp: 1206
Annual Wtr/Swr Exp: 6520.54
Owner Association: No
Operating Exp: 37654.69
Gross Annual Sch Inc: 85228
Adjusted Gross Inc: 85228
Net Operating Income: 68008.07
Pmt & Rate Info
Cap Rate: 6.94
Equity: 980000
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Current Use: Mixed Use; Medical/Dental; Office; Retail
Stories: 1 Story
Construction: Block; Tilt-Up; Stucco; Frame - Wood
Roofing: Built-Up; Tile; Foam
Floors: Vinyl; Ceramic Tile; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Natural Gas
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Phone System; Private Restrooms; Public Restrooms
Exterior: Corner Lot; Dual Street Ftg; Landscaping; Building Sign; Monument Sign
Fencing: None
Amenities: Conference Room; Reception Room; Kitchen
Parking: Free; Paved Parking
Electric: SRP
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Lockbox Type: None
Source of Fincl Data: Projected Proforma
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
Roads/Streets: Asphalt
Traffic Count: 25,001 to 35,000
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Keller Williams Realty Sonoran Living
Last Updated: July - 16 - 2022
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