1533 N Alma School Road, Mesa, AZ 85201 (MLS# 5503273)

1533 N Alma School Road, Mesa, AZ 85201

$1,525,000

Virtual Tour

https://www.dropbox.com/s/cwf71duem47flia/Persimmon%204K2.mov?dl=0

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

Overview

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.

Listing Details MLS# 5503273

Location, Tax & Legal

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
Country: US
County Code: Maricopa
Subdivision: Alma School Storage Plaza
Assessor Number: 135-67-300-E
Tax Year: 2014
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

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Self storage, Retail, Office
Ttl Apx SqFt Bldg: 26070
Ttl Apx Net Rnt Spc: 26070
# of Buildings: 6
Lot Size Dimensions: Irr
Year Built: 1986
Volts/Amps: 120/208Y
Uncvrd Parking Spcs: 18
Zoning: C-2

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.

Status Change Info

Off Market Date: 2019-02-12
Under Contract Date: 2019-02-12
Close of Escrow Date: 2019-04-30

Legal Info

Township: 1N
Range: 5E
Section: 9
Lot Number: N/A

More Information

Income Expenses

Gross Annual Sch Inc: 163600
Net Operating Income: 101524

Contact Info

List Agent Pager: 480-703-5093

Sold Info

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

Construction

Block: Yes

Roofing

Foam: Yes

Floors

Concrete: Yes
Carpet: Yes
Other: Yes

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: Yes
Office: Yes
Other (See Remarks): Yes

Business Type

Mixed: Yes
Storage: Yes
Professional/Office: Yes
Retail: Yes

Stories

1 Story: Yes

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: Yes

Heating

Heat Pump: Yes

Cooling

Heat Pump: Yes

Interior Features

Fire Sprinklers: Yes
Security System: Yes

Loading Facilities

Grade Level: Yes

Road Surface Type

Asphalt: Yes

Exterior

Corner Lot: Yes
Sprinkler System-Ground: Yes
Landscaping: Yes
Roof Sign: Yes
Pole Sign: Yes
Building Sign: Yes
Security Camera(s): Yes

Source of Fincl Data

Owner: Yes

Traffic Count

25,001 to 35,000: Yes

Fencing

Block: Yes

Water Source

City Franchise: Yes

Freeway/Highway

Up to 1 Mile: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
Private: Yes

Electric

SRP: Yes
Individual Meter: Yes

Gas

None: Yes

New Financing

Cash Only: Yes
Cash to Loan: Yes
1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: 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

Seller Prop Disc Stm: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

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 Realty

Last Updated: December - 15 - 2024