11390 E VIA LINDA, Scottsdale, AZ 85259 (MLS# 5860123)

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

Overview

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.

Listing Details MLS# 5860123

Location, Tax & Legal

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
Country: US
County Code: Maricopa
Assessor Number: 217-70-120
Tax Year: 2018
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

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 15340
Ttl Apx Net Rnt Spc: 15068
# of Buildings: Yes
Year Built: 1996
Uncvrd Parking Spcs: 54
Zoning: C-2

Remarks Misc

Cross Street: Via Linda/114th Street
Directions: FLW to Via Linda East to property on North side

Status Change Info

Off Market Date: 2019-03-20
Under Contract Date: 2019-03-14
Close of Escrow Date: 2019-04-26

Legal Info

Township: 3N
Range: 5E
Section: 22
Lot Number: Yes

More Information

Income Expenses

Gross Annual Sch Inc: 327600
Net Operating Income: 205400

Sold Info

Loan Type: Exchange
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
Stucco: Yes

Roofing

Built-Up: Yes
Tile: Yes

Floors

Vinyl: Yes
Wood: Yes
Carpet: Yes

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: Yes
Office: Yes

Business Type

Dental: Yes
Medical: Yes

Stories

1 Story: Yes

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: Yes

Heating

Electric: Yes
Office Heated: Yes
2 or More Units: Yes

Cooling

Central Air: Yes

Interior Features

Finished: Yes
Finished to Suit: Yes
Fire Sprinklers: Yes
Smoke Detector(s): Yes
Security System: Yes
Security Light(s): Yes
Security Camera(s): Yes
Alarm System: Yes
Phone System: Yes
Private Restrooms: Yes
Public Restrooms: Yes

Loading Facilities

None: Yes

Source of Fincl Data

Owner: Yes
Accountant: Yes
Books Shown: Yes

Fencing

Block: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
Paved: Yes

Electric

APS: Yes
Underground: Yes
Master Meter: Yes
Individual Meter: Yes

Gas

None: Yes

New Financing

Cash Only: Yes
Cash to Loan: 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

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes
Boundary Survey Avlb: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

Phase I Available: Yes

Existing Othr Ln Trm

Not Applicable: Yes

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