$462,500
6642 E BASELINE Road, 103
Mesa, AZ 85206
MLS# 5830182
Status: Closed



6642 E BASELINE Road, 103, Mesa, AZ 85206
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Property Description
Great Investment opportunity 6.2% CAP RATE! Long established physician practice with a 5 year lease in place and tenant pays NNN expenses. Well appointed with reception area, aquarium, 2 large offices with built-ins and desks, 3 smaller exam rooms or offices, file room, break room with micro wave oven and 2 small refrigerators, 2 restrooms within the suite. Contemporary design with new carpet and laminate wood flooring in reception area. Unit overlooking golf course offering a tranquil zen experience.

Details
Maps
Contract Info
Current Price: $462,500
Sold Price: $462,500
Status: Closed
List Date: 2018-10-07
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R41
House Number: 6642
Compass: E
Street Name: BASELINE
St Suffix: Road
Unit #: 103
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85206
Zip4: 4436
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT B1-104 VILLAGE AT SUPERSTITION SPRING CONDOMINIUM AMD MCR 075149
Subdivision: VILLAGE AT SUPERSTITION SPRING CONDOMINIUM
Assessor's Map #: 54
Assessor's Parcel #: 723
Add'l Parcels: No
Assessor Number: 141-54-723
Census Tract: 422639
Legal: VILLAGE AT SUPERSTITION SPRING CONDOMINIUM AMD MCR 075149
Tax Municipality: Mesa
Taxes: 3524
Tax Year: 2017
General Property Description
Type of Property: Office
Ttl Apx SqFt Bldg: 1850
# of Buildings: 1
Year Built: 2006
Zoning: C-0
Remarks & Misc
Cross Street: Baseline and Power Rds
Directions: West on Baseline to Superstition Spring Village Entrance Proceed to 6642.
Geo Lat: 33.380322
Geo Lon: -111.691215
Status Change Info
Status Change Date: 2019-05-02
Off Market Date: 2019-02-04
Under Contract Date: 2019-02-04
Close of Escrow Date: 2019-05-02
Sold Price: $462,500
Legal Info
Township: 1N
Range: 6E
Section: 36
Lot Number: B1-104
Income & Expenses
Owner Association: Yes
Operating Exp: 3524
Gross Annual Sch Inc: 30987.48
Other Income: 30987.48
Adjusted Gross Inc: 61974.96
Net Operating Income: 30987.48
Pmt & Rate Info
Cap Rate: 6.2
Equity: 500000
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Office
Current Use: Medical/Dental; Office
Stories: 1 Story
Construction: Metal
Roofing: Built-Up
Floors: Vinyl; Carpet
Ceiling Height: 12.1 Feet to 14 Feet
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Fire Sprinklers; Smoke Detector(s); Security System; Security Light(s); Alarm System; Private Restrooms; Public Restrooms
Exterior: Corner Lot; Building Sign
Fencing: None
Amenities: Reception Room; Kitchen
Parking: Free; Public Parking
Electric: SRP
Gas: None
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 1.1 - 2 Miles
Source of Fincl Data: Provided by Owner
Existing 1st Loan: SBA
Existing 1st Ln Type: Fixed
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: 50,001 to 75,000
Reports/Disclosures: None
Use Restrictions: CC&R's
Environmental: None

Listing Office: RE/MAX Fine Properties

Last Updated: May - 02 - 2019

6642 E BASELINE Road, 103, Mesa, AZ 85206 - MLS# 5830182
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