2000 E SOUTHERN Avenue, Tempe, AZ 85282

$1,950,000
Property Type: Comm/Industry Sale Square Footage: 13,450 Lot Size (sq. ft.): 57,499 Status: Closed
Current Price: $1,950,000 List Date: 9/23/2011 Last Modified: 5/23/2020

Overview

Description

100% LEASED!!! MEDICAL OFFICE BUILDING FOR SALE @ $174.35/SF!!! 2000 Place Medical Plaza is a one-story garden style medical building in close proximity to 2 successful hospitals: Tempe St. Luke's and Banner Desert Medical Center. There are currently 5 medical tenants in the project: 3 of the 4 tenants have been in the building since 1997 and the surgery center has been a Tenant since 2001. Parking: 89 total spaces. Construction: concrete block and stucco with wood joists and rafters. Heated/cooled with rooftop mounted packaged units. A Kohler diesel emergency generator is also on site. Lighted intersection for patient ease of ingress and egress. (REF GPE3550)

Listing Details MLS# 4650991

Location, Tax & Legal

Map Code/Grid
R38
House Number
2000
Compass
E
Street Name
SOUTHERN
St Suffix
Avenue
City/Town Code
Tempe
State/Province
AZ
Zip Code
85282
Zip4
7510
Country
US
County Code
Maricopa
Subdivision
Shalimar Estates
Assessor Number
133-47-002-H
Tax Year
2011
Assessor's Map #
47
Legal Description (Abbrev)
SHALIMAR ESTATES
Assessor's Parcel #
2
Assessor Parcel Ltr
H
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
319403
Taxes
31145.64
Legal
SHALIMAR ESTATES MCR 91-1 S 282F LOT 2 EX E 224.04F
Marketing Name
2000 PLACE MEDICAL PLAZA

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Medical Office
Ttl Apx SqFt Bldg
13450
Ttl Apx Net Rnt Spc
13450
# of Buildings
Yes
Year Built
1976
Uncvrd Parking Spcs
71
Zoning
CSS

Remarks Misc

Cross Street
E. Southern Avenue & S. Country Club Way.
Directions
Loop 101 ( Price Freeway) to E. Southern Avenue west.

Status Change Info

Off Market Date
2012-08-23
Under Contract Date
2012-06-01
Close of Escrow Date
2012-08-17

Legal Info

Township
1N
Range
4E
Section
25
Lot Number
2

More Information

Sold Info

Loan Type
Cash
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession to Seller
3
Buyer Concession $/%
%
Seller Concession to Buyer
3
Seller Concession $/%
%

Construction

Block
Yes
Tilt-Up
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
31145.64
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Commercial
Yes
Office
Yes

Business Type

Dental
Yes
Medical
Yes
Professional/Office
Yes

Stories

2 Stories
Yes

Pmt & Rate Info

Down Payment
0
Equity
2345000
Total Owed
0
Assessment Balance
0

Ceiling Height

8.1 Feet to 10 Feet
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes
Office A/C
Yes

Interior Features

Finished
Yes

Loading Facilities

None
Yes

Road Surface Type

Asphalt
Yes

Exterior

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

Source of Fincl Data

Owner
Yes

Fencing

Partial
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes
Private
Yes
Paved
Yes

Electric

SRP
Yes

Gas

Other (See Remarks)
Yes

New Financing

Cash Only
Yes
Cash to Loan
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

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: Commercial; Office Business Type: Dental; Medical; Professional/Office Stories: 2 Stories Construction: Block; Tilt-Up Roofing: Other Floors: Other Ceiling Height: 8.1 Feet to 10 Feet Cooling: Central Air; Office A/C Loading Facilities: None Interior Features: Finished Exterior: Sprinkler System-Ground; Landscaping; Curb(s) & Gutter(s); Sidewalk(s); Monument Sign Fencing: Partial Parking Features: Free; Private; Paved Electric: SRP Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan 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 Environmental: Other (See Remarks)
IDX
Listing Office: Avison Young
Last Updated: May - 23 - 2020
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