$630,000
8011 E MAIN Street
Mesa, AZ 85207
MLS# 6337532
Status: Closed



8011 E MAIN Street, Mesa, AZ 85207
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Property Description
Currently tenant occupied through June, but may be willing to vacate early for an end user. Excellent commercial property with frontage on the high traffic count Main Street/Apache Trail. This former auto repair shop has 1555 sqft of reception, waiting, office and storage plus 3800 sqft steel framed addition, 13' ceilings for warehouse/storage/auto bays etc. Warehouse is insulated, swamp cooler, 10'x12' roll up and more. Owner is including misc. existing equipment including 5 lifts, furniture and appliances.

Details
Maps
Contract Info
Current Price: $630,000
Sold Price: $630,000
Status: Closed
List Date: 2022-01-03
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R42
House Number: 8011
Compass: E
Street Name: MAIN
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85207
Zip4: 8503
Country: USA
County Code: Maricopa
Legal Description (Abbrev): DESERT SAGE TR BLKS 1, 2, 3, 4
Assessor's Map #: 32
Assessor's Parcel #: 5
Add'l Parcels: No
Assessor Number: 218-32-005
Census Tract: 422627
Legal: LOT 5 BLOCK 1 DESERT SAGE TR BLKS 1, 2, 3, 4 MCR 003805
Tax Municipality: Maricopa - COUNTY
Taxes: 1526
Tax Year: 2018
General Property Description
Type of Property: FLEX - Warehouse / Office
Ttl Apx SqFt Bldg: 5300
# of Buildings: 2
Year Built: 1966
Uncvrd Parking Spcs: 10
Zoning: C-3
Remarks & Misc
Cross Street: Main Street & Sossaman
Directions: Main Street & Sossaman Directions: East of Sossaman and just East of 80th street on the South Side of Main Street / Apache Trail.
Geo Lat: 33.414792
Geo Lon: -111.658134
Status Change Info
Status Change Date: 2022-07-19
Off Market Date: 2022-07-19
Under Contract Date: 2022-03-03
Close of Escrow Date: 2022-07-18
Sold Price: $630,000
Legal Info
Township: 1N
Range: 7E
Section: 20
Lot Number: 5
Bay Info
# of Bay Doors: 1
Bay Door Height: 10
Bay Door Width: 12
Income & Expenses
Annual Ins Exp: 2200
Annual Maint Exp: 5000
Owner Association: No
Gross Annual Sch Inc: 42000
Adjusted Gross Inc: 42000
Net Operating Income: 38400
Pmt & Rate Info
Cap Rate: 6.45
Equity: 595000
Sold Info
Loan Type: Carryback
Loan Years: 5
Payment Type: Balloon
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office; Manufacturing; Distribution/Warehse
Current Use: Mixed Use; Service Business; Automobile; Warehouse
Stories: 1 Story
Construction: Block; Tilt-Up; Metal; Frame - Wood
Roofing: Comp Shingle; Foam
Floors: Concrete; Carpet
Ceiling Height: 8 Feet or Less; 12.1 Feet to 14 Feet
Heating: Office Heated
Cooling: Office A/C; Warehouse Evap
Loading Facilities: Drive-in Door(s)
Interior: Finished; Security System; Alarm System; Phone System; Private Restrooms; Public Restrooms
Exterior: Roof Sign; Building Sign
Fencing: Chain Link; Security
Amenities: Reception Room; Computer Room
Parking: Public Parking; Paved Parking
Electric: SRP; Individual Meter; 220
Gas: City Gas
Water: City Franchise
Sewer: Septic Tank; Septic in & Cnctd
Freeway/Highway: Frontage
Showing Notification Methods: Phone Call
Lockbox Type: None
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Private
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: Seller Prop Disc Stm
Environmental: None

Listing Office: RE/MAX Solutions

Last Updated: September - 12 - 2023

8011 E MAIN Street, Mesa, AZ 85207 - MLS# 6337532
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