$2,250,000
Tempe, AZ 85284
MLS# 6560186
Status: Closed
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Details
Maps
Contract Info
Current Price: $2,250,000
Sold Price: $2,250,000
Status: Closed
List Date: 2023-05-15
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: T36
House Number: 9845
Compass: S
Street Name: PRIEST
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85284
Zip4: 3606
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 2 TEMPE CROSSINGS 2 MCR 061130
Subdivision: TEMPE CROSSINGS 2
Assessor's Map #: 16
Assessor's Parcel #: 47
Add'l Parcels: No
Assessor Number: 308-16-047
Census Tract: 810000
Legal: LOT 2 TEMPE CROSSINGS 2 MCR 061130
Tax Municipality: Tempe
Taxes: 31652
Tax Year: 2022
General Property Description
Ttl Apx SqFt Bldg: 8612
# of Buildings: 1
Year Built: 2003
Uncvrd Parking Spcs: 30
Zoning: PCC-2
Flood Zone: No
Remarks & Misc
Cross Street: W. Ray
Geo Lat: 33.321675
Geo Lon: -111.962307
Status Change Info
Status Change Date: 2023-07-18
Off Market Date: 2023-06-13
Under Contract Date: 2023-06-01
Close of Escrow Date: 2023-07-17
Sold Price: $2,250,000
Legal Info
Township: 1S
Range: 4E
Section: 21
Lot Number: 2
Income & Expenses
Annual Legal & Acctg: 935
Annual Maint Exp: 3211
Owner Association: Yes
Annual Ownr Asoc Fee: 18607
Operating Exp: 54405
Gross Annual Sch Inc: 250551
Adjusted Gross Inc: 250551
Net Operating Income: 144799
Pmt & Rate Info
Cap Rate: 8.04
Equity: 1800000
Sold Info
Loan Type: Cash
Loan Years: 30
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Building Type: Commercial; Office; Other (See Remarks)
Current Use: Mixed Use; Service Business; Restaurant; Office
Stories: 1 Story
Construction: Stucco; Frame - Wood; Brick
Roofing: Tile
Floors: Concrete; Vinyl; Ceramic Tile; Carpet
Ceiling Height: 10.1 Feet to 12 Feet; 16.1 Feet to 28 Feet
Heating: Ceiling
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Fire Sprinklers; Smoke Detector(s); Security System; Security Light(s); Security Camera(s); Alarm System; Phone System; Private Restrooms; Public Restrooms
Exterior: Sprinkler Sys-Ground; Landscaping; Building Sign; Monument Sign; Security Light(s); Security Camera(s)
Fencing: Concrete Panel
Amenities: Physcl Chlgd (SRmks); Reception Room; Kitchen; LAN Compatible Copr; Fiber Optic Availble
Parking: Free; Public Parking; Paved Parking
Electric: SRP; Master Meter
Gas: SW Gas; Individual Meter
Water: City Franchise; Individual Meter
Sewer: Sewer - Public
Freeway/Highway: Up to 1 Mile
Showing Notification Methods: Email
Lockbox Type: None
Source of Fincl Data: Provided by Owner; Provided by Accntnt
Existing 1st Ln Type: Fixed
Roads/Streets: Asphalt; Dedicated Street; Concrete; Curb(s) & Gutter(s); Sidewalk(s)
Reports/Disclosures: None
Use Restrictions: Currently Leased
Environmental: None
Listing Office: Vinson Realty Group
Last Updated: July - 18 - 2023
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