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

Overview

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.

Listing Details MLS# 5775314

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Assessor Number
134-08-004-M
Tax Year
2017
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

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Distribution/ Warehouse
Ttl Apx SqFt Bldg
21109
# of Buildings
Yes
Year Built
1975
Uncvrd Parking Spcs
12
Zoning
DB-2

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.

Status Change Info

Off Market Date
2018-11-14
Under Contract Date
2018-11-09
Close of Escrow Date
2018-12-31

Legal Info

Township
1N
Range
5E
Section
21
Lot Number
n/a

More Information

Bay Info

# of Bay Doors
2
Bay Door Height
16

Income Expenses

Gross Annual Sch Inc
90491.14
Net Operating Income
79180.4

Sold Info

Loan Type
Cash
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Construction

Block
Yes

Roofing

Rolled
Yes

Floors

Concrete
Yes

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
Yes
Distribution/Warehouse
Yes

Business Type

Professional/Office
Yes
Warehouse
Yes

Stories

1 Story
Yes

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
Yes

Heating

Natural Gas
Yes

Cooling

Office A/C
Yes
Chiller System
Yes

Interior Features

Phone System
Yes
Private Restrooms
Yes

Loading Facilities

Grade Level
Yes
Drive-in Door(s)
Yes

Source of Fincl Data

Owner
Yes

Fencing

Chain Link
Yes

Water Source

Individual Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Paved
Yes

Electric

City Electric
Yes

Gas

SW Gas
Yes

New Financing

Cash to Loan
Yes
1031 Exchange
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

Use Restrictions

Currently Leased
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

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
IDX
Listing Office: AZ Lane Realty
Last Updated: January - 01 - 2019
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