1470 N HORNE Street, Gilbert, AZ 85233 (MLS# 5491545)

1470 N HORNE Street, Gilbert, AZ 85233

$1,900,000

Property Type: Comm/Industry Sale Square Footage: 9,239 Lot Size (sq. ft.): 39,492 Status: Closed

Current Price: $1,900,000 List Date: 9/01/2016 Last Modified: 8/06/2021

Overview

Description

This is a 1 tenant building waiting to be sold or leased out. The Building has a 6,789 SF office build out and 2,449 SF warehouse space on a .91 acre lot zoned light industrial (I-1). Beautiful office build out with large atrium style reception, 1 large conference room downstairs, 9 large offices downstairs, media/mail center, 1 downstairs break room and 2 downstairs restrooms with large shower enclosures. Upstairs includes 2 executive suites, 6 large offices and 1 bathroom. Warehouse has two 14 foot roll up doors and 2 large Evaporator coolers. Property also has a security system, 2 automatic gates, extra high perimeter block fence and 29 parking spaces, 8 of which are covered. This building is located in a popular part of the East Valley and is very close to the US 60 highway.

Listing Details MLS# 5491545

Location, Tax & Legal

Map Code/Grid: S39
House Number: 1470
Compass: N
Street Name: HORNE
St Suffix: Street
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85233
Zip4: 1804
Country: US
County Code: Maricopa
Subdivision: FULLER COMMERCIAL CENTER 2
Assessor Number: 302-12-631
Tax Year: 2015
Assessor's Map #: 12
Legal Description (Abbrev): FULLER COMMERCIAL CENTER 2 MCR 862-04
Assessor's Parcel #: 631
Add'l Parcels: No
Tax Municipality: Gilbert
Census Tract: 422307
Taxes: 15835
Tax District: 410600
Legal: FULLER COMMERCIAL CENTER 2 MCR 862-04

Contract Info

Ownership: Other (See Remarks)

General Property Description

Type of Property: Commercial Office w/ Warehouse
Ttl Apx SqFt Bldg: 9239
Ttl Apx Net Rnt Spc: 9239
# of Buildings: Yes
Year Built: 2008
Uncvrd Parking Spcs: 21
Zoning: I-L

Remarks Misc

Cross Street: Baseline between Mesa Dr & Stapley
Directions: East or West to Horne, south of propery

Status Change Info

Off Market Date: 2017-06-08
Under Contract Date: 2017-05-23
Close of Escrow Date: 2017-06-07

Legal Info

Township: 1S
Range: 5E
Section: 2
Lot Number: 3

More Information

Bay Info

# of Bays: 2
# of Bay Doors: 2
Bay Door Height: 14

Sold Info

Loan Type: Cash
Loan Years: 30
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Tilt-Up: Yes

Roofing

Tile: Yes

Floors

Concrete: Yes
Carpet: Yes

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: 0
Operating Exp: 15835
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes
Industrial: Yes
Office: Yes

Business Type

Professional/Office: Yes
Warehouse: Yes

Stories

2 Stories: Yes

Pmt & Rate Info

Down Payment: 0
Equity: 2495000
Total Owed: 0
Assessment Balance: 0

Ceiling Height

12.1 Feet to 14 Feet: Yes
14.1 Feet to 16 Feet: Yes

Heating

Other: Yes
See Remarks: Yes

Cooling

Central Air: Yes
Warehouse Evap: Yes

Interior Features

Finished: Yes
Fire Sprinklers: Yes
Private Restrooms: Yes

Loading Facilities

Drive-in Door(s): Yes

Exterior

Corner Lot: Yes
Sprinkler System-Ground: Yes
Landscaping: Yes

Source of Fincl Data

Other (See Remarks): Yes

Fencing

Block: Yes

Water Source

City Franchise: Yes

Freeway/Highway

1.1 - 2 Miles: Yes

Building Features

Conference Room: Yes
Reception Room: Yes
Kitchen: Yes
Showers - Office: Yes
Security Gate: Yes

Sewer

Sewer - Public: Yes

Parking Features

Private: Yes

Electric

SRP: Yes

Gas

None: Yes

New Financing

Cash Only: Yes
Lease: Yes

Existing 1st Loan

Other (See Rmks): Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: 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; Industrial; Office Business Type: Professional/Office; Warehouse Stories: 2 Stories Construction: Tilt-Up Roofing: Tile Floors: Concrete; Carpet Ceiling Height: 12.1 Feet to 14 Feet; 14.1 Feet to 16 Feet Heating: Other; See Remarks Cooling: Central Air; Warehouse Evap Loading Facilities: Drive-in Door(s) Interior Features: Finished; Fire Sprinklers; Private Restrooms Exterior: Corner Lot; Sprinkler System-Ground; Landscaping Fencing: Block Building Features: Conference Room; Reception Room; Kitchen; Showers - Office; Security Gate Parking Features: Private Electric: SRP Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Lease Source of Fincl Data: Other (See Remarks) Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable 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

Listing Office: Keller Williams Realty Phoenix

Last Updated: August - 06 - 2021