11607 E RIGGS Road, Chandler, AZ 85249
$675,000
Property Type:
Comm/Industry Sale
Square Footage:
3,041
Lot Size (sq. ft.):
25,522
Status:
Closed
Current Price:
$675,000
List Date:
10/14/2015
Last Modified:
7/11/2016
Description
Building and property for sale with current tenant for past 20 years. Property on busy Riggs Road in high growth area of Chandler. Has current lease on it until December 2016. Tenant would like to stay. Tenant pays for the property insurance and property taxes. All equipment is the property of the tenant. By appointment only do not disturb tenant. Owner may carry with substantial down.
More Information MLS# 5348290
Contract Info
Ownership: Fee Simple
Current Price: $675,000
Sold Price: $675,000
Status: Closed
List Date: 2015-10-01
Location, Tax & Legal
Assessor's Map #: 58
Legal Description (Abbrev): WLY 93F AS MEAS PERP TO N LN OF FOL DESC PROP TH PT LY W OF CONSOLIDATED CAN EAST BR IN NW4 NE4 SEC
Assessor's Parcel #: 19
Assessor Parcel Ltr: F
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 813400
Taxes: 6200
Legal: WLY 93F AS MEAS PERP TO N LN OF FOL DESC PROP TH PT LY W OF CONSOLIDATED CAN EAST BR IN NW4 NE4 SEC 34 EX N 65F
Map Code/Grid: V39
House Number: 11607
Compass: E
Street Name: RIGGS
St Suffix: Road
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85249
Zip4: 3604
County Code: Maricopa
Assessor Number: 303-58-019-F
Tax Year: 2014
General Property Description
Ttl Apx SqFt Bldg: 3041
# of Buildings: 1
Uncvrd Parking Spcs: 15
Year Built: 1990
Zoning: C3
Legal Info
Range: 5E
Section: 34
Township: 2S
Construction
Block: 1
Other: 1
Roofing
Other: 1
Floors
Concrete: 1
Bay Info
# of Bays: 3
# of Bay Doors: 3
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
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: 6332.24
Operating Exp: 12532.24
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 65136
Building Type
Commercial: 1
Business Type
Automobile: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 7.65
Down Payment: 0
Equity: 769000
Total Owed: 0
Assessment Balance: 0
Ceiling Height
16.1 Feet to 28 Feet: 1
Heating
None: 1
Cooling
Office A/C: 1
Interior Features
Other (See Remarks): 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1
Exterior
Storage Yard: 1
Building Sign: 1
Source of Fincl Data
Owner: 1
Fencing
Block: 1
Water Source
Domestic Well: 1
Freeway/Highway
Over 5.1 Miles: 1
Sewer
Septic-In & Connected: 1
Parking Features
Fenced: 1
Paved: 1
Electric
SRP: 1
Gas
None: 1
New Financing
Cash Only: 1
Owner May Carry: 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
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 480-899-8004
Sold Info
Loan Type: Carryback
Loan Years: 15
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Riggs Rd. and Arizona Ave.
Directions: East to property on south side.
Geo Lat: 33.21811
Geo Lon: -111.832411
Status Change Info
Off Market Date: 2015-11-14
Under Contract Date: 2015-11-13
Close of Escrow Date: 2016-02-01
Sold Price: $675,000
Income Expenses
Gross Annual Sch Inc: 65136
Net Operating Income: 58803.76
Property Features
Building Type: Commercial
Business Type: Automobile
Stories: 1 Story
Construction: Block; Other
Roofing: Other
Floors: Concrete
Ceiling Height: 16.1 Feet to 28 Feet
Heating: None
Cooling: Office A/C
Loading Facilities: None
Interior Features: Other (See Remarks)
Exterior: Storage Yard; Building Sign
Fencing: Block
Parking Features: Fenced; Paved
Electric: SRP
Gas: None
Water Source: Domestic Well
Sewer: Septic-In & Connected
New Financing: Cash Only; Owner May Carry
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
Environmental: None
Listing Office:
Perfect Choice Real Estate
Last Updated: July - 11 - 2016
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