1349 E UNIVERSITY Drive, Tempe, AZ 85288

$1,135,000
Property Type: Comm/Industry Sale Square Footage: 10,500 Lot Size (sq. ft.): 14,538 Status: Closed
Current Price: $1,135,000 List Date: 11/20/2018 Last Modified: 7/06/2022

Overview

Description

Newly remodeled office / warehouse. Great location walking distance to ASU, restaurants, etc. Close to 101 and 202 freeways.

Listing Details MLS# 5824022

Location, Tax & Legal

Map Code/Grid
R37
House Number
1349
Compass
E
Street Name
UNIVERSITY
St Suffix
Drive
City/Town Code
Tempe
State/Province
AZ
Zip Code
85288
Zip4
4216
Country
US
County Code
Maricopa
Subdivision
AZTECH COURT AMD LOT A1A2 B1B2 E1E2 F1F2 M-P
Assessor Number
132-59-048
Tax Year
2017
Assessor's Map #
59
Legal Description (Abbrev)
LOT B1 AZTECH COURT AMD LOT A1A2 B1B2 E1E2 F1F2 M-P MCR 030001
Assessor's Parcel #
48
Add'l Parcels
Yes
Tax Municipality
Tempe
Census Tract
319103
Taxes
12399
Legal
LOT B1 AZTECH COURT AMD LOT A1A2 B1B2 E1E2 F1F2 M-P MCR 030001

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Office / Warehouse
Ttl Apx SqFt Bldg
10500
# of Buildings
Yes
Year Built
1985
Uncvrd Parking Spcs
27
Zoning
GID

Remarks Misc

Cross Street
University and Rural
Directions
East on University, South on Dorsey, East into Aztech Court, building located in the southeast section of the complex.

Status Change Info

Off Market Date
2019-01-07
Under Contract Date
2018-11-18
Close of Escrow Date
2018-12-31

Legal Info

Township
1N
Range
4E
Section
23
Lot Number
B1

More Information

Sold Info

Loan Type
SBA
Loan Years
30
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession to Seller
Yes
Buyer Concession $/%
%
Seller Concession to Buyer
3
Seller Concession $/%
%

Construction

Tilt-Up
Yes

Roofing

Built-Up
Yes

Floors

Concrete
Yes

Income & Expenses

Annual Elec Exp
5000
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
Yes
Annual Ownr Asoc Fee
455
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Commercial
Yes
Office
Yes
Manufacturing
Yes
Distribution/Warehouse
Yes

Business Type

Professional/Office
Yes
Warehouse
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Down Payment
0
Equity
1199999
Total Owed
0
Assessment Balance
0

Ceiling Height

12.1 Feet to 14 Feet
Yes

Heating

Electric
Yes

Cooling

Office A/C
Yes

Interior Features

Finished
Yes
Fire Sprinklers
Yes

Loading Facilities

Grade Level
Yes

Source of Fincl Data

Owner
Yes

Fencing

None
Yes

Water Source

None
Yes

Freeway/Highway

1.1 - 2 Miles
Yes

Building Features

Kitchen
Yes

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes
Paved
Yes

Electric

SRP
Yes
Over 220 Amp
Yes
3 Phase Power
Yes

Gas

None
Yes

New Financing

Owner May Carry
Yes
1031 Exchange
Yes
Lease Option
Yes

Existing 1st Loan

Private
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Non Assumable
Yes

Existing 2nd Loan

Other (See Remarks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Other (See Remarks)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Building Type: Commercial; Office; Manufacturing; Distribution/Warehouse Business Type: Professional/Office; Warehouse Stories: 1 Story Construction: Tilt-Up Roofing: Built-Up Floors: Concrete Ceiling Height: 12.1 Feet to 14 Feet Cooling: Office A/C Loading Facilities: Grade Level Interior Features: Finished; Fire Sprinklers Fencing: None Building Features: Kitchen Parking Features: Free; Paved Electric: SRP; Over 220 Amp; 3 Phase Power Gas: None Water Source: None Sewer: Sewer - Public New Financing: Owner May Carry; 1031 Exchange; Lease Option Source of Fincl Data: Owner Existing 1st Loan: Private Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Environmental: None
IDX
Listing Office: Select Realty
Last Updated: July - 06 - 2022
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