1837 E BASELINE Road, Tempe, AZ 85283 (MLS# 5437441)

1837 E BASELINE Road, Tempe, AZ 85283

$640,000

Property Type: Comm/Industry Sale Square Footage: 6,061 Lot Size (sq. ft.): 38,202 Status: Closed

Current Price: $640,000 List Date: 5/03/2016 Last Modified: 11/01/2016

Overview

Description

THIS 6000 SF COMMERCIAL STRIP MALL ON A 38202 SF LOT(0.88 ACRES) LAND OFFERS 6 SUITES, 3 SUITES CURRENTLY OCCUPIED BY THE TENANTS. LONG TERM LEASE AND THE MONTHLY RENTAL INCOME IS AROUND $2100. IT IS LESS THAN 1 MILE EASY ACCESS TO US 60 & 101 FREEWAYS. THIS PROPERTY OFFERS 53 PARKING SPACES AND THE ROLL DOWN DOOR AT THE BACK FOR EASY LOADING. IT IS GOOD FOR THE RETAIL SHOP PLUS ADDITIONAL SPACES FOR THE SHOW ROOM OR PRODUCT STORAGE. THE ESTIMATED NET OPERATING INCOME IS BASED ON ALL 6 SUITES WERE LEASED HOWEVER CURRENTLY ONLY THREE SUITES WERE LEASED.

Listing Details MLS# 5437441

Location, Tax & Legal

Map Code/Grid: S37
House Number: 1837
Compass: E
Street Name: BASELINE
St Suffix: Road
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85283
Zip4: 1501
Country: US
County Code: Maricopa
Assessor Number: 301-01-972
Tax Year: 9429
Assessor's Map #: 1
Legal Description (Abbrev): TH PT NW4 DAF COM NW COR KNOELL VILLE MONACO MCR 155.27 TH W 217F TH S 240F TRPOB TH CONT S 60F TH W
Assessor's Parcel #: 972
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319904
Taxes: 2015
Legal: TH PT NW4 DAF COM NW COR KNOELL VILLE MONACO MCR 155.27 TH W 217F TH S 240F TRPOB TH CONT S 60F TH W

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 6061
# of Buildings: Yes
Year Built: 1979
Uncvrd Parking Spcs: 52
Zoning: COMMERCIAL

Remarks Misc

Cross Street: McCLINTOCK & BASELINE ROAD
Directions: SOUTHEAST SIDE OF THE MccLINTOCK & BASELINE ROAD, RIGHT BEHIND THE WONG'S PLACE RESAURANT

Status Change Info

Off Market Date: 2016-11-01
Under Contract Date: 2016-08-28
Close of Escrow Date: 2016-10-31

Legal Info

Township: 1S
Range: 4E
Section: Yes

More Information

Income Expenses

Net Operating Income: 25200

Contact Info

List Agent Home Phn: 480-234-2134

Sold Info

Loan Type: Cash
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

Other: Yes

Floors

Concrete: Yes
Vinyl: Yes
Carpet: Yes

Income & Expenses

Annual Elec Exp: 432
Annual Gas Exp: 0
Annual Ins Exp: 500
Annual Land Lse Exp: 0
Annual Landscape Exp: 3600
Annual Legal & Acctg: 500
Annual Maint Exp: 1200
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 6000
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 3000
Annual Other Expense: 0
Other Income: 0
Vacancy Allowance: 5
Adjusted Gross Inc: 0

Building Type

Commercial: Yes
Office: Yes
Distribution/Warehouse: Yes
Other (See Remarks): Yes

Business Type

Mixed: Yes
Service Business: Yes
Religious Facility: Yes
Packge Store(Liquor): Yes
Restaurant: Yes
Fast Food: Yes
Professional/Office: Yes
Warehouse: Yes
Retail: Yes
Food Service: Yes
Other: Yes
See Remarks: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Cap Rate: 3.61
Down Payment: 50000
Equity: 699000
Total Owed: 0
Assessment Balance: 0

Ceiling Height

8.1 Feet to 10 Feet: Yes

Heating

Heat Pump: Yes

Cooling

Office A/C: Yes
Warehouse A/C: Yes

Interior Features

Finished: Yes
Finished to Suit: Yes
Private Restrooms: Yes

Loading Facilities

Drive-in Door(s): Yes
Other (See Remarks): Yes

Exterior

Corner Lot: Yes
Building Sign: Yes
Monument Sign: Yes

Source of Fincl Data

Owner: Yes
Accountant: Yes

Fencing

Other: Yes
See Remarks: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Paved: Yes

Electric

SRP: Yes

Gas

SW Gas: Yes

New Financing

Cash Only: Yes
Owner May Carry: Yes
1031 Exchange: Yes

Special

Accepting Back-Ups: 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

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; Office; Distribution/Warehouse; Other (See Remarks) Business Type: Mixed; Service Business; Religious Facility; Packge Store(Liquor); Restaurant; Fast Food; Professional/Office; Warehouse; Retail; Food Service; Other; See Remarks Stories: 1 Story Construction: Block Roofing: Other Floors: Concrete; Vinyl; Carpet Ceiling Height: 8.1 Feet to 10 Feet Heating: Heat Pump Cooling: Office A/C; Warehouse A/C Loading Facilities: Drive-in Door(s); Other (See Remarks) Interior Features: Finished; Finished to Suit; Private Restrooms Exterior: Corner Lot; Building Sign; Monument Sign Fencing: Other; See Remarks Parking Features: Paved Electric: SRP Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Owner May Carry; 1031 Exchange Special: Accepting Back-Ups Source of Fincl Data: Owner; Accountant 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 Environmental: None

Listing Office: DA FA Realty & Investments

Last Updated: November - 01 - 2016