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

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 $/%
$

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
IDX
Listing Office: DA FA Realty & Investments
Office Phone: 480-838-8882
Office Email: michellechang1234@yahoo.com
Last Updated: November - 01 - 2016
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