2034 E Southern Avenue, Tempe, AZ 85282
$2,303,000
Property Type:
Comm/Industry Sale
Square Footage:
24,121
Lot Size (sq. ft.):
105,197
Status:
Closed
Current Price:
$2,303,000
List Date:
1/17/2013
Last Modified:
1/08/2014
Description
Southern Avenue Medical Center is a single level garden style feestanding office buildings (North & South building) that is masonry block with painted stucco and spanish tile roof accents. The property features quaint interior courtyards with mature landscaping. Parking is provided by surface and covered spaces at a healthy ration of 5.5 spaces per 1,000 square feet. Ample visitor parking found throughout the site. The buildings total 24,121 square feet with land area of 2.42 acres. The complex is 1.5 mies from Banner Desert Hospital with excellent access to Loop 101 and U.S. 60 Highway. Tenant profile includes professional services in medical related fields. Call listing agent for current rent rolls.
More Information MLS# 4876137
Contract Info
Ownership: Fee Simple
Current Price: $2,303,000
Sold Price: $2,303,000
Status: Closed
List Date: 2013-01-16
Location, Tax & Legal
Assessor's Map #: 47
Assessor's Parcel #: 2
Assessor Parcel Ltr: f
Add'l Parcels: No
Tax Municipality: Tempe
Taxes: 54200
Legal: Shalimar Estates
Marketing Name: Sharlimar
Map Code/Grid: R37
House Number: 2034
Compass: E
Street Name: Southern
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
County Code: Maricopa
Assessor Number: 133-47-002-f
Tax Year: 1212
General Property Description
Type of Property: Medical Office
Ttl Apx SqFt Bldg: 24121
# of Buildings: 2
Uncvrd Parking Spcs: 80
Year Built: 1973
Zoning: R-O
Construction
Block: 1
Stucco: 1
Roofing
Built-Up: 1
Tile: 1
Floors
Vinyl: 1
Wood: 1
Ceramic Tile: 1
Income & Expenses
Annual Elec Exp: 7685
Annual Gas Exp: 0
Annual Ins Exp: 4500
Annual Land Lse Exp: 0
Annual Landscape Exp: 9565
Annual Legal & Acctg: 0
Annual Maint Exp: 8400
Annual Mgmt Exp: 14500
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 12460
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 111310
Other Income: 0
Vacancy Allowance: 15
Adjusted Gross Inc: 4442200
Building Type
Commercial: 1
Office: 1
Business Type
Dental: 1
Mixed: 1
Medical: 1
Professional/Office: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 7.83
Down Payment: 0
Equity: 2600000
Total Owed: 0
Assessment Balance: 0
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Heat Pump: 1
Cooling
Heat Pump: 1
Interior Features
Finished: 1
Smoke Detector(s): 1
Security Light(s): 1
Private Restrooms: 1
Loading Facilities
None: 1
Exterior
Corner Lot: 1
Landscaping: 1
Monument Sign: 1
Source of Fincl Data
Owner: 1
Fencing
Block: 1
Partial: 1
Water Source
City Franchise: 1
Master Meter: 1
Freeway/Highway
Up to 1 Mile: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Parking Lot: 1
Private: 1
Paved: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
New Financing
Cash Only: 1
Owner May Carry: 1
1031 Exchange: 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
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 480-838-8369
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Southern and McClintock
Directions: Located on Southern Avenue - North side of the street between McClintock road and the 101 Freeway in Tempe.
Geo Lat: 33.39379
Geo Lon: -111.899317
Status Change Info
Off Market Date: 2014-01-08
Under Contract Date: 2013-11-05
Close of Escrow Date: 2014-01-06
Sold Price: $2,303,000
Legal Info
Lot Number: 2
Income Expenses
Gross Annual Sch Inc: 317300
Net Operating Income: 203480
Property Features
Building Type: Commercial; Office
Business Type: Dental; Mixed; Medical; Professional/Office
Stories: 1 Story
Construction: Block; Stucco
Roofing: Built-Up; Tile
Floors: Vinyl; Wood; Ceramic Tile
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump
Cooling: Heat Pump
Loading Facilities: None
Interior Features: Finished; Smoke Detector(s); Security Light(s); Private Restrooms
Exterior: Corner Lot; Landscaping; Monument Sign
Fencing: Block; Partial
Parking Features: Parking Lot; Private; Paved
Electric: SRP; Individual Meter
Gas: None
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
New Financing: Cash Only; Owner May Carry; 1031 Exchange
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
Environmental: None
Documents
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Listing Office:
West USA Realty
Last Updated: January - 08 - 2014
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