1620 W SUNRISE Boulevard, Gilbert, AZ 85233

$2,725,000
Property Type: Comm/Industry Sale Square Footage: 74,550 Lot Size (sq. ft.): 237,600 Status: Closed
Current Price: $2,725,000 List Date: 7/25/2011 Last Modified: 8/06/2021

Overview

Description

BANK OWNED MULTI-TENANT INDUSTRIAL BUILDING FOR SALE IN GILBERT @ ONLY $40.17/SF!! Heavy power (3,000 Amp/277-480 Volt). Tilt-up construction, 2 clean rooms, and an air conditioned production room. 24 Ft. clear height. 10 roll-ups (12 Ft. x 14'' H). Building on 5.45 acres. 74,550 SF total (includes 14,791 SF office). Suite 101: 38,000 SF (includes 9,500 SF office). Suite 102: 20,000 SF (includes 1,847 SF office). Suite 103: 16,550 SF (includes 3,444 SF office). Zoning: LI-1, Gilbert. Parking: 127 surface spaces. (REF GPE3531)

Listing Details MLS# 4620883

Location, Tax & Legal

Map Code/Grid
S39
House Number
1620
Compass
W
Street Name
SUNRISE
St Suffix
Boulevard
City/Town Code
Gilbert
State/Province
AZ
Zip Code
85233
Zip4
5044
Country
US
County Code
Maricopa
Subdivision
Sunrise Business Park Lot 1-46 TR A-C
Assessor Number
302-23-014
Tax Year
2011
Assessor's Map #
23
Legal Description (Abbrev)
SUNRISE BUSINESS PARK LOT 1-46 TR A-C
Assessor's Parcel #
14
Add'l Parcels
No
Tax Municipality
Gilbert
Census Tract
422307
Taxes
66306.64
Legal
SUNRISE BUSINESS PARK MCR 314-47
Marketing Name
SUNRISE BUSINESS PARK

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Industrial Flex
Ttl Apx SqFt Bldg
74550
Ttl Apx Net Rnt Spc
74550
# of Buildings
Yes
Year Built
2000
Uncvrd Parking Spcs
127
Zoning
LI

Remarks Misc

Cross Street
NWC N. McQueen Road & W. Sunrise Boulevard
Directions
US 60 (Superstition Freeway) to McQueen Road south then west on W. Sunrise Boulevard; OR Loop 101 to W. Elliot Road east, then North on McQueen Road and west on W. Sunrise Boulevard.

Status Change Info

Off Market Date
2012-05-14
Under Contract Date
2012-04-01
Close of Escrow Date
2012-06-14

Legal Info

Township
1S
Range
5E
Section
10
Lot Number
7

More Information

Sold Info

Loan Type
Cash
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession to Seller
2
Buyer Concession $/%
%
Seller Concession to Buyer
2
Seller Concession $/%
%

Construction

Block
Yes
Tilt-Up
Yes
Metal
Yes
Wood Frame
Yes

Roofing

Other
Yes

Floors

Other
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
66306.64
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Industrial
Yes
Office
Yes

Business Type

Mixed
Yes
Professional/Office
Yes
Warehouse
Yes

Stories

2 Stories
Yes

Pmt & Rate Info

Down Payment
0
Equity
2995000
Total Owed
0
Assessment Balance
0

Ceiling Height

8.1 Feet to 10 Feet
Yes
16.1 Feet to 28 Feet
Yes

Heating

Electric
Yes
Other
Yes
See Remarks
Yes

Cooling

Office A/C
Yes

Interior Features

Finished
Yes

Loading Facilities

Other (See Remarks)
Yes

Road Surface Type

Asphalt
Yes

Exterior

Sprinkler System-Ground
Yes
Landscaping
Yes
Curb(s) & Gutter(s)
Yes

Source of Fincl Data

Owner
Yes

Fencing

Partial
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes
Paved
Yes

Electric

SRP
Yes

Gas

Other (See Remarks)
Yes

New Financing

Cash Only
Yes
Cash to Loan
Yes

Special

REO Property
Yes

Existing 1st Loan

Treat as Free&Clear
Yes
Other (See Rmks)
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

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

Other (See Remarks)
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Building Type: Industrial; Office Business Type: Mixed; Professional/Office; Warehouse Stories: 2 Stories Construction: Block; Tilt-Up; Metal; Wood Frame Roofing: Other Floors: Other Ceiling Height: 8.1 Feet to 10 Feet; 16.1 Feet to 28 Feet Heating: Other; See Remarks Cooling: Office A/C Loading Facilities: Other (See Remarks) Interior Features: Finished Exterior: Sprinkler System-Ground; Landscaping; Curb(s) & Gutter(s) Fencing: Partial Parking Features: Free; Paved Electric: SRP Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan Special: REO Property Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear; Other (See Rmks) 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 Environmental: Other (See Remarks)
IDX
Listing Office: Avison Young
Last Updated: August - 06 - 2021
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