1249 N GREENFIELD Road 4, Mesa, AZ 85205 (MLS# 6575092)

1249 N GREENFIELD Road 4, Mesa, AZ 85205

$1,650,000

Property Type: Comm/Industry Sale Square Footage: 4,997 Lot Size (sq. ft.): 32,564 Status: Closed

Current Price: $1,650,000 List Date: 6/30/2023 Last Modified: 2/06/2024

Overview

Description

Good tenant mix with three tenants. A successful restaurant, a dress shop, and a Orthodontist. Nice looking building is part of a larger shopping center. Current management company has managed the property since 2006. Also available see 1309 & 1325 N Greenfield Road

Listing Details MLS# 6575092

Location, Tax & Legal

Map Code/Grid: Q41
House Number: 1249
Compass: N
Street Name: GREENFIELD
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85205
Zip4: 4008
Country: US
County Code: Maricopa
Subdivision: MOUNTAIN VIEW PLAZA
Assessor Number: 141-33-128
Tax Year: 2022
Unit #: 4
Assessor's Map #: 33
Legal Description (Abbrev): LOT 4 MOUNTAIN VIEW PLAZA MCR 059019
Assessor's Parcel #: 128
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420215
Taxes: 15060
Legal: LOT 4 MOUNTAIN VIEW PLAZA MCR 059019
Marketing Name: Mountain View Plaza

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Retail Center
Ttl Apx SqFt Bldg: 4997
# of Buildings: Yes
Year Built: 2004
Uncvrd Parking Spcs: 57
Zoning: LC

Remarks Misc

Cross Street: E Brown Road
Directions: NEC of N. Greenfield Road and E. Brown Road

Status Change Info

Off Market Date: 2024-02-06
Under Contract Date: 2023-12-22
Close of Escrow Date: 2024-02-05

Legal Info

Township: 1N
Range: 6E
Section: 10
Lot Number: 4

More Information

Income Expenses

Gross Annual Sch Inc: 163240
Net Operating Income: 92235

Contact Info

List Agent Home Phn: 707-521-3500

Sold Info

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

Construction

Wood Frame: Yes

Roofing

Built-Up: Yes

Floors

Concrete: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 76181
Vacancy Allowance: 3
Adjusted Gross Inc: 478842

Building Type

Commercial: Yes

Business Type

Dental: Yes
Restaurant: Yes
Medical: Yes
Retail: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Cap Rate: 5.49
Equity: 1680000
Total Owed: 0

Showing Notification Methods

Phone Call: Yes

Lockbox Type

None: Yes

Ceiling Height

10.1 Feet to 12 Feet: Yes

Heating

Electric: Yes

Cooling

Central Air: Yes

Interior Features

Finished: Yes
Fire Sprinklers: Yes
Private Restrooms: Yes

Loading Facilities

None: Yes

Road Access Type

Private Road: Yes

Exterior

Curb(s) & Gutter(s): Yes
Building Sign: Yes
Sidewalk(s): Yes
Monument Sign: Yes

Source of Fincl Data

Books Shown: Yes

Fencing

None: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
Private: Yes
Paved: Yes

Electric

SRP: Yes

Gas

Individual Meter: Yes

New Financing

Cash to Loan: Yes
1031 Exchange: Yes

Use Restrictions

CC&R's: Yes

Reports/Disclosures

None: Yes

Environmental

Phase I Available: Yes

Property Features

Building Type: Commercial Business Type: Dental; Restaurant; Medical; Retail Stories: 1 Story Construction: Wood Frame Roofing: Built-Up Floors: Concrete Ceiling Height: 10.1 Feet to 12 Feet Cooling: Central Air Loading Facilities: None Interior Features: Finished; Fire Sprinklers; Private Restrooms Exterior: Curb(s) & Gutter(s); Building Sign; Sidewalk(s); Monument Sign Fencing: None Parking Features: Free; Private; Paved Road Access Type: Private Road Electric: SRP Gas: Individual Meter Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash to Loan; 1031 Exchange Showing Notification Methods: Phone Call Lockbox Type: None Source of Fincl Data: Books Shown Use Restrictions: CC&R's Environmental: Phase I Available

Listing Office: North Bay Commercial Real Esta

Last Updated: February - 06 - 2024