1111 N MILLER Road, Tempe, AZ 85288
$1,225,000
![IMG_0747[1]](https://cdn.photos.sparkplatform.com/az/20140124150429107343000000-o.jpg)
![IMG_0745[1]](https://cdn.photos.sparkplatform.com/az/20140124150740011542000000-o.jpg)
![IMG_0746[1]](https://cdn.photos.sparkplatform.com/az/20140124150746084777000000-o.jpg)
![IMG_0750[1]](https://cdn.photos.sparkplatform.com/az/20140124151043143251000000-o.jpg)
![IMG_0751[1]](https://cdn.photos.sparkplatform.com/az/20140124151048906281000000-o.jpg)
![IMG_0752[1]](https://cdn.photos.sparkplatform.com/az/20140124151055581487000000-o.jpg)
Property Type:
Comm/Industry Sale
Square Footage:
13,409
Lot Size (sq. ft.):
47,698
Status:
Closed
Current Price:
$1,225,000
List Date:
1/24/2014
Last Modified:
7/06/2022
Description
Location, Location, Location : Scottsdale/Tempe border. Close proximity to airport, freeways and more. 13,000+ of office/warehouse space with 8 bay doors in rear, stand alone building on over 1 acre of land. 8 original suites currently divided into 3 suites with 3 long term tenants. There are two parcels included in this sale, see also APN:132-14-005-V. Fully occupied cash flow property. Do Not Disturb Tenants, No Sign On Property, Drive By Only!
More Information MLS# 5059149
Contract Info
Ownership: Fee Simple
Current Price: $1,225,000
Sold Price: $1,225,000
Status: Closed
List Date: 2014-01-22
Location, Tax & Legal
Assessor's Map #: 14
Assessor's Parcel #: 5
Assessor Parcel Ltr: R
Add'l Parcels: Yes
Tax Municipality: Tempe
Census Tract: 318400
Taxes: 17181.46
Legal: N 300' OF S 550' OF W2 W2 W2 NW4 SE4 EX W 33' .93 AC
Marketing Name: Commercial
Map Code/Grid: Q37
House Number: 1111
Compass: N
Street Name: MILLER
St Suffix: Road
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85288
Zip4: 1868
County Code: Maricopa
Assessor Number: 132-14-005-R
Tax Year: 2013
General Property Description
Type of Property: Office/Warehouse/Mixed Use
Ttl Apx SqFt Bldg: 13409
Ttl Apx Net Rnt Spc: 13503
# of Buildings: 1
Uncvrd Parking Spcs: 28
Volts/Amps: 280/800
Year Built: 1987
Zoning: I1
Legal Info
Range: 4E
Section: 11
Township: 1N
Lot Number: 1
Construction
Block: 1
Wood Frame: 1
Roofing
Foam: 1
Floors
Concrete: 1
Carpet: 1
Bay Info
# of Bays: 8
# of Bay Doors: 8
Bay Door Height: 11
Bay Door Width: 12
Income & Expenses
Annual Elec Exp: 600
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 2400
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 20181.46
Other Income: 0
Vacancy Allowance: 0.07
Adjusted Gross Inc: 112716
Building Type
Commercial: 1
Industrial: 1
Office: 1
Manufacturing: 1
Distribution/Warehouse: 1
Other (See Remarks): 1
Business Type
Mixed: 1
Automobile: 1
Professional/Office: 1
Warehouse: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 8.37
Down Payment: 0
Equity: 1400000
Total Owed: 0
Assessment Balance: 0
Ceiling Height
14.1 Feet to 16 Feet: 1
Heating
Electric: 1
Natural Gas: 1
Office Heated: 1
Cooling
Office A/C: 1
Warehouse Evap: 1
Warehouse Fan(s): 1
Interior Features
Finished: 1
Fire Sprinklers: 1
Private Restrooms: 1
Public Restrooms: 1
Loading Facilities
Grade Level: 1
Road Access Type
Alley: 1
Dedicated Street: 1
Private Road: 1
Road Surface Type
Asphalt: 1
Exterior
Corner Lot: 1
Dual Street Ftg: 1
Sprinkler System-Ground: 1
Landscaping: 1
Curb(s) & Gutter(s): 1
Building Sign: 1
Sidewalk(s): 1
Monument Sign: 1
Source of Fincl Data
Owner: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Freeway/Highway
Up to 1 Mile: 1
Building Features
Reception Room: 1
Showers - Office: 1
Security Gate: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Fenced: 1
Free: 1
Fee: 1
Parking Lot: 1
Private: 1
Paved: 1
Electric
SRP: 1
Underground: 1
Individual Meter: 1
220 Volts: 1
440 Volts: 1
Gas
SW Gas: 1
Underground: 1
Individual Meter: 1
New Financing
Cash to Loan: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Use Restrictions
Airport Flight Zone: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: CURRY ROAD & MILLER ROAD
Directions: East on Curry from Scottsdale, North on Miller. Building is on the North/East Corner.
Geo Lat: 33.441471
Geo Lon: -111.917618
Status Change Info
Off Market Date: 2014-07-02
Under Contract Date: 2014-07-01
Close of Escrow Date: 2014-08-22
Sold Price: $1,225,000
Income Expenses
Gross Annual Sch Inc: 121200
Net Operating Income: 117200
Property Features
Building Type: Commercial; Industrial; Office; Manufacturing; Distribution/Warehouse; Other (See Remarks)
Business Type: Mixed; Automobile; Professional/Office; Warehouse
Stories: 1 Story
Construction: Block; Wood Frame
Roofing: Foam
Floors: Concrete; Carpet
Ceiling Height: 14.1 Feet to 16 Feet
Heating: Natural Gas; Office Heated
Cooling: Office A/C; Warehouse Evap; Warehouse Fan(s)
Loading Facilities: Grade Level
Interior Features: Finished; Fire Sprinklers; Private Restrooms; Public Restrooms
Exterior: Corner Lot; Dual Street Ftg; Sprinkler System-Ground; Landscaping; Curb(s) & Gutter(s); Building Sign; Sidewalk(s); Monument Sign
Fencing: Block
Building Features: Reception Room; Showers - Office; Security Gate
Parking Features: Fenced; Free; Fee; Parking Lot; Private; Paved
Road Access Type: Alley; Dedicated Street; Private Road
Electric: SRP; Underground; Individual Meter; 220 Volts; 440 Volts
Gas: SW Gas; Underground; Individual Meter
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
New Financing: Cash to Loan; 1031 Exchange
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Road Surface Type: Asphalt
Use Restrictions: Airport Flight Zone
Environmental: None
Listing Office:
RE/MAX Solutions
Last Updated: July - 06 - 2022
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