1111 N MILLER Road, Tempe, AZ 85288

$1,225,000
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: 4/07/2026

Overview

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!

Listing Details MLS# 5059149

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Assessor Number
132-14-005-R
Tax Year
2013
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

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Office/Warehouse/Mixed Use
Ttl Apx SqFt Bldg
13409
Ttl Apx Net Rnt Spc
13503
# of Buildings
Yes
Year Built
1987
Volts/Amps
280/800
Uncvrd Parking Spcs
28
Zoning
I1

Remarks Misc

Cross Street
CURRY ROAD & MILLER ROAD
Directions
East on Curry from Scottsdale, North on Miller. Building is on the North/East Corner.

Status Change Info

Off Market Date
2014-07-02
Under Contract Date
2014-07-01
Close of Escrow Date
2014-08-22

Legal Info

Township
1N
Range
4E
Section
11
Lot Number
Yes

More Information

Bay Info

# of Bays
8
# of Bay Doors
8
Bay Door Height
11
Bay Door Width
12

Income Expenses

Gross Annual Sch Inc
121200
Net Operating Income
117200

Sold Info

Loan Type
Cash
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Construction

Block
Yes
Wood Frame
Yes

Roofing

Foam
Yes

Floors

Concrete
Yes
Carpet
Yes

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
Yes
Industrial
Yes
Office
Yes
Manufacturing
Yes
Distribution/Warehouse
Yes
Other (See Remarks)
Yes

Business Type

Mixed
Yes
Automobile
Yes
Professional/Office
Yes
Warehouse
Yes

Stories

1 Story
Yes

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
Yes

Heating

Electric
Yes
Natural Gas
Yes
Office Heated
Yes

Cooling

Office A/C
Yes
Warehouse Evap
Yes
Warehouse Fan(s)
Yes

Interior Features

Finished
Yes
Fire Sprinklers
Yes
Private Restrooms
Yes
Public Restrooms
Yes

Loading Facilities

Grade Level
Yes

Road Access Type

Alley
Yes
Dedicated Street
Yes
Private Road
Yes

Road Surface Type

Asphalt
Yes

Exterior

Corner Lot
Yes
Dual Street Ftg
Yes
Sprinkler System-Ground
Yes
Landscaping
Yes
Curb(s) & Gutter(s)
Yes
Building Sign
Yes
Sidewalk(s)
Yes
Monument Sign
Yes

Source of Fincl Data

Owner
Yes

Fencing

Block
Yes

Water Source

City Franchise
Yes

Freeway/Highway

Up to 1 Mile
Yes

Building Features

Reception Room
Yes
Showers - Office
Yes
Security Gate
Yes

Sewer

Sewer - Public
Yes
Sewer-In & Connected
Yes

Parking Features

Fenced
Yes
Free
Yes
Fee
Yes
Parking Lot
Yes
Private
Yes
Paved
Yes

Electric

SRP
Yes
Underground
Yes
Individual Meter
Yes
220 Volts
Yes
440 Volts
Yes

Gas

SW Gas
Yes
Underground
Yes
Individual Meter
Yes

New Financing

Cash to Loan
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Use Restrictions

Airport Flight Zone
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

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
IDX
Listing Office: RE/MAX Solutions
Last Updated: April - 07 - 2026
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