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
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.
More Information MLS# 5437441
Contract Info
Ownership: Fee Simple
Current Price: $640,000
Sold Price: $640,000
Status: Closed
List Date: 2016-05-02
Location, Tax & Legal
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
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
County Code: Maricopa
Assessor Number: 301-01-972
Tax Year: 9429
General Property Description
Ttl Apx SqFt Bldg: 6061
# of Buildings: 1
Uncvrd Parking Spcs: 52
Year Built: 1979
Zoning: COMMERCIAL
Legal Info
Range: 4E
Section: 1
Township: 1S
Construction
Block: 1
Roofing
Other: 1
Floors
Concrete: 1
Vinyl: 1
Carpet: 1
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: 1
Office: 1
Distribution/Warehouse: 1
Other (See Remarks): 1
Business Type
Mixed: 1
Service Business: 1
Religious Facility: 1
Packge Store(Liquor): 1
Restaurant: 1
Fast Food: 1
Professional/Office: 1
Warehouse: 1
Retail: 1
Food Service: 1
Other: 1
See Remarks: 1
Stories
1 Story: 1
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: 1
Heating
Heat Pump: 1
Cooling
Office A/C: 1
Warehouse A/C: 1
Interior Features
Finished: 1
Finished to Suit: 1
Private Restrooms: 1
Loading Facilities
Drive-in Door(s): 1
Other (See Remarks): 1
Exterior
Corner Lot: 1
Building Sign: 1
Monument Sign: 1
Source of Fincl Data
Owner: 1
Accountant: 1
Fencing
Other: 1
See Remarks: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Paved: 1
Electric
SRP: 1
Gas
SW Gas: 1
New Financing
Cash Only: 1
Owner May Carry: 1
1031 Exchange: 1
Special
Accepting Back-Ups: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 480-234-2134
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: McCLINTOCK & BASELINE ROAD
Directions: SOUTHEAST SIDE OF THE MccLINTOCK & BASELINE ROAD, RIGHT BEHIND THE WONG'S PLACE RESAURANT
Geo Lat: 33.377302
Geo Lon: -111.906354
Status Change Info
Off Market Date: 2016-11-01
Under Contract Date: 2016-08-28
Close of Escrow Date: 2016-10-31
Sold Price: $640,000
Income Expenses
Net Operating Income: 25200
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
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