11390 E VIA LINDA, Scottsdale, AZ 85259
$3,100,000
Property Type:
Comm/Industry Sale
Square Footage:
15,340
Lot Size (sq. ft.):
76,331
Status:
Closed
Current Price:
$3,100,000
List Date:
12/24/2018
Last Modified:
4/27/2019
Description
Ancala Medical Plaza is a single-story, multi-tenant medical office building comprised of approximately ±15,068 rentable square feet, providing ample parking spaces (4.72/1,000) The Building is 100% leased to a high-quality mix of healthcare providers and is anchored by the VA | U.S. Department of Veteran's Affairs Northeast VA Community Based Outpatient Clinic with seven (7) years of lease term remaining. The Building has a weighted average remaining lease term of 6.3 years with FSBY lease structures and fixed annual rent increases.
The Property is favorably positioned within the North Scottsdale community as part of the Scottsdale Cure Corridor offering healthcare services to the surrounding neighborhoods.
More Information MLS# 5860123
Contract Info
Ownership: Fee Simple
Current Price: $3,100,000
Sold Price: $3,100,000
Status: Closed
List Date: 2018-12-11
Location, Tax & Legal
Assessor's Map #: 70
Legal Description (Abbrev): PT W2 SEC 22 DAF COM CENT SEC 22 TH W 1045.77F TH N 55F TO N LN OF RD PER MCR 244-28 & TPOB TH W ALG
Assessor's Parcel #: 120
Add'l Parcels: No
Tax Municipality: Scottsdale
Census Tract: 216837
Taxes: 29510
Legal: PT W2 SEC 22 DAF COM CENT SEC 22 TH W 1045.77F TH N 55F TO N LN OF RD PER MCR 244-28 & TPOB TH W ALG
Map Code/Grid: M39
House Number: 11390
Compass: E
Street Name: VIA LINDA
St Suffix: --
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85259
Zip4: 4075
County Code: Maricopa
Assessor Number: 217-70-120
Tax Year: 2018
General Property Description
Ttl Apx SqFt Bldg: 15340
Ttl Apx Net Rnt Spc: 15068
# of Buildings: 1
Uncvrd Parking Spcs: 54
Year Built: 1996
Zoning: C-2
Legal Info
Range: 5E
Section: 22
Township: 3N
Lot Number: 1
Construction
Block: 1
Stucco: 1
Roofing
Built-Up: 1
Tile: 1
Floors
Vinyl: 1
Wood: 1
Carpet: 1
Income & Expenses
Annual Elec Exp: 30000
Annual Gas Exp: 0
Annual Ins Exp: 2500
Annual Land Lse Exp: 0
Annual Landscape Exp: 5500
Annual Legal & Acctg: 0
Annual Maint Exp: 6000
Annual Mgmt Exp: 9800
Annual Trash Exp: 2100
Annual Wtr/Swr Exp: 2800
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 3200
Annual Other Expense: 30790
Operating Exp: 122200
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 327600
Building Type
Commercial: 1
Office: 1
Business Type
Dental: 1
Medical: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 6.33
Down Payment: 0
Equity: 3244000
Total Owed: 0
Assessment Balance: 0
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Electric: 1
Office Heated: 1
2 or More Units: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Finished to Suit: 1
Fire Sprinklers: 1
Smoke Detector(s): 1
Security System: 1
Security Light(s): 1
Security Camera(s): 1
Alarm System: 1
Phone System: 1
Private Restrooms: 1
Public Restrooms: 1
Loading Facilities
None: 1
Source of Fincl Data
Owner: 1
Accountant: 1
Books Shown: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Paved: 1
Electric
APS: 1
Underground: 1
Master Meter: 1
Individual Meter: 1
Gas
None: 1
New Financing
Cash Only: 1
Cash to Loan: 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
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Boundary Survey Avlb: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Phase I Available: 1
Existing Othr Ln Trm
Not Applicable: 1
Sold Info
Loan Type: Exchange
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: Via Linda/114th Street
Directions: FLW to Via Linda East to property on North side
Geo Lat: 33.590255
Geo Lon: -111.834483
Status Change Info
Off Market Date: 2019-03-20
Under Contract Date: 2019-03-14
Close of Escrow Date: 2019-04-26
Sold Price: $3,100,000
Income Expenses
Gross Annual Sch Inc: 327600
Net Operating Income: 205400
Property Features
Building Type: Commercial; Office
Business Type: Dental; Medical
Stories: 1 Story
Construction: Block; Stucco
Roofing: Built-Up; Tile
Floors: Vinyl; Wood; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Office Heated; 2 or More Units
Cooling: Central Air
Loading Facilities: None
Interior Features: Finished; Finished to Suit; Fire Sprinklers; Smoke Detector(s); Security System; Security Light(s); Security Camera(s); Alarm System; Phone System; Private Restrooms; Public Restrooms
Fencing: Block
Parking Features: Free; Paved
Electric: APS; Underground; Master Meter; Individual Meter
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Cash to Loan
Source of Fincl Data: Owner; Accountant; Books Shown
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
Environmental: Phase I Available
Listing Office:
RE/MAX Excalibur
Last Updated: April - 27 - 2019
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