1609 W UNIVERSITY Drive, Mesa, AZ 85201
$1,000,000
Property Type:
Comm/Industry Sale
Square Footage:
3,754
Lot Size (sq. ft.):
16,911
Status:
Closed
Current Price:
$1,000,000
List Date:
4/22/2020
Last Modified:
3/05/2025
Overview
Description
Listing Details MLS# 6068956
Location, Tax & Legal
- Map Code/Grid
- R38
- House Number
- 1609
- Compass
- W
- Street Name
- UNIVERSITY
- St Suffix
- Drive
- City/Town Code
- Mesa
- State/Province
- AZ
- Zip Code
- 85201
- Zip4
- 5331
- Country
- US
- County Code
- Maricopa
- Subdivision
- CASA MESA AMENDED LOT 192-299 & TR B
- Assessor Number
- 135-64-116
- Tax Year
- 2019
- Assessor's Map #
- 64
- Legal Description (Abbrev)
- CASA MESA AMD
- Assessor's Parcel #
- 116
- Add'l Parcels
- No
- Tax Municipality
- Mesa
- Census Tract
- 421303
- Taxes
- 5940
- Legal
- TRACT A CASA MESA AMENDED LOT 192-299 & TR B MCR 008905
- Marketing Name
- A & P Carpet & Flooring
Contract Info
- Ownership
- Fee Simple
General Property Description
- Type of Property
- Wholesale/Retail
- Ttl Apx SqFt Bldg
- 3754
- # of Buildings
- Yes
- Year Built
- 1960
- Volts/Amps
- 110/220
- Uncvrd Parking Spcs
- 10
- Zoning
- Commercial
Remarks Misc
- Cross Street
- University & Longmore
- Directions
- 101 Freeway to University Drive East to Longmore Street (Stop Light). Property on SWC of the Intersection.
Status Change Info
- Off Market Date
- 2020-06-26
- Under Contract Date
- 2020-06-26
- Close of Escrow Date
- 2020-10-02
Legal Info
- Township
- 1N
- Range
- 5E
- Section
- 20
- Lot Number
- A
More Information
Income Expenses
- Gross Annual Sch Inc
- 1500000
- Net Operating Income
- 401000
Contact Info
- List Agent Home Phn
- 480-600-6001
Sold Info
- Loan Type
- Carryback
- Loan Years
- 3
- Payment Type
- Interest Only
- Clsing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Construction
- Block
- Yes
Roofing
- Built-Up
- Yes
Floors
- Concrete
- Yes
- Ceramic Tile
- 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
- 858000
- Operating Exp
- 863940
- Other Income
- 888
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 1500888
Building Type
- Commercial
- Yes
- Office
- Yes
- Distribution/Warehouse
- Yes
Business Type
- Professional/Office
- Yes
- Warehouse
- Yes
- Retail
- Yes
Stories
- 1 Story
- Yes
Pmt & Rate Info
- Cap Rate
- 40.51
- Down Payment
- 0
- Equity
- 990000
- Total Owed
- 0
- Assessment Balance
- 0
Showing Notification Methods
- Phone Call
- Yes
Lockbox Type
- None
- Yes
Ceiling Height
- 14.1 Feet to 16 Feet
- Yes
Heating
- Electric
- Yes
Cooling
- Central Air
- Yes
Interior Features
- Finished
- Yes
- Public Restrooms
- Yes
Loading Facilities
- None
- Yes
Road Access Type
- Alley
- Yes
Road Surface Type
- Asphalt
- Yes
- Concrete
- Yes
Exterior
- Corner Lot
- Yes
- Dual Street Ftg
- Yes
- Curb(s) & Gutter(s)
- Yes
- Pole Sign
- Yes
- Building Sign
- Yes
- Sidewalk(s)
- Yes
Source of Fincl Data
- Owner
- Yes
Traffic Count
- 25,001 to 35,000
- Yes
Fencing
- None
- Yes
Water Source
- City Franchise
- Yes
Freeway/Highway
- 1.1 - 2 Miles
- Yes
Building Features
- Showroom
- Yes
Sewer
- Sewer - Public
- Yes
Railroad
- Available
- Yes
Parking Features
- Parking Lot
- Yes
- Paved
- Yes
Electric
- SRP
- Yes
- 220 Volts
- Yes
Gas
- None
- Yes
New Financing
- Cash Only
- Yes
- Owner May Carry
- Yes
- 1031 Exchange
- Yes
Special
- Incorporated Area
- 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
- Treat as Free&Clear
- Yes
Use Restrictions
- Existing Easement(s)
- 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; Distribution/Warehouse
Business Type:
Professional/Office; Warehouse; Retail
Stories:
1 Story
Construction:
Block
Roofing:
Built-Up
Floors:
Concrete; Ceramic Tile
Ceiling Height:
14.1 Feet to 16 Feet
Cooling:
Central Air
Loading Facilities:
None
Interior Features:
Finished; Public Restrooms
Exterior:
Corner Lot; Dual Street Ftg; Curb(s) & Gutter(s); Pole Sign; Building Sign; Sidewalk(s)
Fencing:
None
Building Features:
Showroom
Parking Features:
Parking Lot; Paved
Road Access Type:
Alley
Electric:
SRP; 220 Volts
Gas:
None
Water Source:
City Franchise
Sewer:
Sewer - Public
Railroad:
Available
New Financing:
Cash Only; Owner May Carry; 1031 Exchange
Showing Notification Methods:
Phone Call
Lockbox Type:
None
Special:
Incorporated Area
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:
Treat as Free&Clear
Existing 3rd Loan Type:
Not Applicable
Existing 3rd Loan Terms:
Not Applicable
Existing Othr Ln Trm:
Not Applicable
Road Surface Type:
Asphalt; Concrete
Traffic Count:
25,001 to 35,000
Use Restrictions:
Existing Easement(s)
Environmental:
None
Listing Office:
Valley of the Sun Real Estate
Last Updated: March - 05 - 2025
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