220 S COUNTRY CLUB Drive, Mesa, AZ 85210
$950,000
Property Type:
Comm/Industry Sale
Square Footage:
21,109
Lot Size (sq. ft.):
33,759
Status:
Closed
Current Price:
$950,000
List Date:
6/04/2018
Last Modified:
1/01/2019
Description
Great Investment Opportunity!! 21,000 sq ft warehouse with 2 tenants. 7.54 % return on investment . Leased thru 2021! 8 brand new 6800 FCM evap coolers recently installed. Brand new roof just completed this year!
16 Ft. Ceiling Height, with each unit having a 12 ft. roll up door.
More Information MLS# 5775314
Contract Info
Ownership: Fee Simple
Current Price: $950,000
Sold Price: $950,000
Status: Closed
List Date: 2018-06-04
Location, Tax & Legal
Assessor's Map #: 8
Legal Description (Abbrev): COM AT NE COR SE4 SE4 SEC TH W 33F TO TPOB TH W 385.92F S 297.48F E 385.98F N 297.48F TO TPOB EX N 1
Assessor's Parcel #: 4
Assessor Parcel Ltr: M
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421302
Taxes: 7811
Legal: COM AT NE COR SE4 SE4 SEC TH W 33F TO TPOB TH W 385.92F S 297.48F E 385.98F N 297.48F TO TPOB EX N 1
Map Code/Grid: R38
House Number: 220
Compass: S
Street Name: COUNTRY CLUB
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 1701
County Code: Maricopa
Assessor Number: 134-08-004-M
Tax Year: 2017
General Property Description
Type of Property: Distribution/ Warehouse
Ttl Apx SqFt Bldg: 21109
# of Buildings: 1
Uncvrd Parking Spcs: 12
Year Built: 1975
Zoning: DB-2
Legal Info
Range: 5E
Section: 21
Township: 1N
Lot Number: n/a
Construction
Block: 1
Roofing
Rolled: 1
Floors
Concrete: 1
Bay Info
# of Bay Doors: 2
Bay Door Height: 16
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 3500
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: 11311
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 90491.14
Building Type
Industrial: 1
Distribution/Warehouse: 1
Business Type
Professional/Office: 1
Warehouse: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 7.54
Down Payment: 0
Equity: 1049900
Total Owed: 0
Assessment Balance: 0
Ceiling Height
14.1 Feet to 16 Feet: 1
Heating
Natural Gas: 1
Cooling
Office A/C: 1
Chiller System: 1
Interior Features
Phone System: 1
Private Restrooms: 1
Loading Facilities
Grade Level: 1
Drive-in Door(s): 1
Source of Fincl Data
Owner: 1
Fencing
Chain Link: 1
Water Source
Individual Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Paved: 1
Electric
City Electric: 1
Gas
SW Gas: 1
New Financing
Cash to Loan: 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
Use Restrictions
Currently Leased: 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
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: Country Club & Broadway
Directions: North on Country Club to 3rd Ave. Building is on the N/W corner of Country Club and 3rd Ave.
Geo Lat: 33.410877
Geo Lon: -111.840601
Status Change Info
Off Market Date: 2018-11-14
Under Contract Date: 2018-11-09
Close of Escrow Date: 2018-12-31
Sold Price: $950,000
Income Expenses
Gross Annual Sch Inc: 90491.14
Net Operating Income: 79180.4
Property Features
Building Type: Industrial; Distribution/Warehouse
Business Type: Professional/Office; Warehouse
Stories: 1 Story
Construction: Block
Roofing: Rolled
Floors: Concrete
Ceiling Height: 14.1 Feet to 16 Feet
Heating: Natural Gas
Cooling: Office A/C; Chiller System
Loading Facilities: Grade Level; Drive-in Door(s)
Interior Features: Phone System; Private Restrooms
Fencing: Chain Link
Parking Features: Paved
Electric: City Electric
Gas: SW Gas
Water Source: Individual Meter
Sewer: Sewer - Public
New Financing: Cash to Loan; 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
Use Restrictions: Currently Leased
Environmental: None
Listing Office:
AZ Lane Realty
Last Updated: January - 01 - 2019
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