1533 N Alma School Road, Mesa, AZ 85201
$1,525,000
Property Type:
Comm/Industry Sale
Square Footage:
26,070
Lot Size (sq. ft.):
58,632
Status:
Closed
Current Price:
$1,525,000
List Date:
12/01/2018
Last Modified:
12/15/2024
Description
Alma School Plaza Self Storage facility consisting of 26,070 sq ft, built in 1986 with retail frontage. Just one block south of the North 202 Red Mountain freeway. This property consists of a secured/gated retail, office & mini storage facility with 64 units and 2 open RV spaces with electric gate. Consistently 95% full. 2 story office building with manager's residence. The property also includes a retail strip center with 6 single story retail/office spaces highly visible from Alma School Rd. Recently updated complex including pole signage, paved parking lot, security, interior & exterior paint. High traffic intersection with 27,600 cars per day. Located on a 58,632sf/1.35 acres corner lot. Seller has spent over $100,000 and numerous hours renovating the facility.
Supplements: Close to shopping, new development of 80 homes and 2 large office complexes.
More Information MLS# 5503273
Contract Info
Ownership: Fee Simple
Current Price: $1,525,000
Sold Price: $1,525,000
Status: Closed
List Date: 2016-09-28
Location, Tax & Legal
Assessor's Map #: 67
Assessor's Parcel #: 300
Assessor Parcel Ltr: E
Add'l Parcels: No
Tax Municipality: Mesa
Taxes: 21409
Legal: BEG 40F E & 52F S FR NW COR NW4 SW4 TH S 335F E 2 19.41F N 45D 00M E 21.21F N 144F N 12D 48M W 112. 81F N 118F W 245.29F
Marketing Name: Alma School Plaza
Map Code/Grid: Q38
House Number: 1533
Compass: N
Street Name: Alma School
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
County Code: Maricopa
Subdivision: Alma School Storage Plaza
Assessor Number: 135-67-300-E
Tax Year: 2014
General Property Description
Type of Property: Self storage, Retail, Office
Ttl Apx SqFt Bldg: 26070
Ttl Apx Net Rnt Spc: 26070
# of Buildings: 6
Uncvrd Parking Spcs: 18
Lot Size Dimensions: Irr
Volts/Amps: 120/208Y
Year Built: 1986
Zoning: C-2
Legal Info
Range: 5E
Section: 9
Township: 1N
Lot Number: N/A
Construction
Block: 1
Roofing
Foam: 1
Floors
Concrete: 1
Carpet: 1
Other: 1
Income & Expenses
Annual Elec Exp: 7289
Annual Gas Exp: 0
Annual Ins Exp: 2007
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 3615
Annual Maint Exp: 5000
Annual Mgmt Exp: 12276
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: 31889
Operating Exp: 83485
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 155420
Building Type
Commercial: 1
Office: 1
Other (See Remarks): 1
Business Type
Mixed: 1
Storage: 1
Professional/Office: 1
Retail: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 6.45
Down Payment: 0
Equity: 1575000
Total Owed: 0
Assessment Balance: 0
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Heat Pump: 1
Cooling
Heat Pump: 1
Interior Features
Fire Sprinklers: 1
Security System: 1
Loading Facilities
Grade Level: 1
Road Surface Type
Asphalt: 1
Exterior
Corner Lot: 1
Sprinkler System-Ground: 1
Landscaping: 1
Roof Sign: 1
Pole Sign: 1
Building Sign: 1
Security Camera(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
25,001 to 35,000: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Freeway/Highway
Up to 1 Mile: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Private: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
New Financing
Cash Only: 1
Cash to Loan: 1
1031 Exchange: 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
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Pager: 480-703-5093
Sold Info
Loan Type: Exchange
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Alma School & N 202
Directions: South on Alma School from the N 202; At the SE corner of Alma School and Mclellan Rd.
Geo Lat: 33.443531
Geo Lon: -111.85575
Status Change Info
Off Market Date: 2019-02-12
Under Contract Date: 2019-02-12
Close of Escrow Date: 2019-04-30
Sold Price: $1,525,000
Income Expenses
Gross Annual Sch Inc: 163600
Net Operating Income: 101524
Property Features
Building Type: Commercial; Office; Other (See Remarks)
Business Type: Mixed; Storage; Professional/Office; Retail
Stories: 1 Story
Construction: Block
Roofing: Foam
Floors: Concrete; Carpet; Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump
Cooling: Heat Pump
Loading Facilities: Grade Level
Interior Features: Fire Sprinklers; Security System
Exterior: Corner Lot; Sprinkler System-Ground; Landscaping; Roof Sign; Pole Sign; Building Sign; Security Camera(s)
Fencing: Block
Parking Features: Free; Private
Electric: SRP; Individual Meter
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Cash to Loan; 1031 Exchange
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: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Road Surface Type: Asphalt
Traffic Count: 25,001 to 35,000
Environmental: None
Listing Office:
Keller Williams Integrity First
Last Updated: December - 15 - 2024
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