235 S SIESTA Lane, Tempe, AZ 85288
$900,000
Property Type:
Comm/Industry Sale
Square Footage:
6,657
Lot Size (sq. ft.):
37,422
Status:
Closed
Current Price:
$900,000
List Date:
4/26/2018
Last Modified:
2/22/2024
Description
UPDATED 11/6. SELLER CARRYBACK OPPORTUNITY. Ideally located thriving auto repair business, real estate, and equipment to be sold together. Shuman's Auto Clinic has been an Tempe business icon since 1963 and in 1986 the Siesta Lane property was built. 6,656 Sq. Ft. building on 37,000 sq. ft. lot, 47-parking spaces, 6 roll-up doors, 6-hydrolic lifts, diagnostic equipment, brake lathe, wheel balance/tire changer, computers, office equipment, phone number, website. Everything is owned (no leased items onsite).
More Information MLS# 5757151
Contract Info
Ownership: Fee Simple
Current Price: $900,000
Sold Price: $900,000
Status: Closed
List Date: 2018-04-25
Location, Tax & Legal
Assessor's Map #: 37
Legal Description (Abbrev): LOT 103 EATON UNIVERSITY INDUSTRIAL PARK MCR 017448
Assessor's Parcel #: 118
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 318400
Taxes: 10037
Legal: LOT 103 EATON UNIVERSITY INDUSTRIAL PARK MCR 017448
Map Code/Grid: R37
House Number: 235
Compass: S
Street Name: SIESTA
St Suffix: Lane
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85288
Zip4: 3045
County Code: Maricopa
Subdivision: EATON UNIVERSITY INDUSTRIAL PARK
Assessor Number: 132-37-118-A
Tax Year: 2017
General Property Description
Ttl Apx SqFt Bldg: 6657
# of Buildings: 1
Uncvrd Parking Spcs: 47
Year Built: 1986
Zoning: I-1 Light Indus
Legal Info
Range: 4E
Section: 13
Township: 1N
Lot Number: 103
Construction
Block: 1
Wood Frame: 1
Roofing
Foam: 1
Rolled: 1
Floors
Concrete: 1
Bay Info
# of Bays: 6
# of Bay Doors: 6
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: 10037
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 620506
Building Type
Commercial: 1
Industrial: 1
Office: 1
Business Type
Service Business: 1
Automobile: 1
Professional/Office: 1
Stories
2 Stories: 1
Pmt & Rate Info
Cap Rate: 10.55
Down Payment: 1238900
Equity: 1175000
Total Owed: 0
Assessment Balance: 0
Ceiling Height
8.1 Feet to 10 Feet: 1
14.1 Feet to 16 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Office A/C: 1
Warehouse Evap: 1
Interior Features
Finished: 1
Alarm System: 1
Phone System: 1
Loading Facilities
Grade Level: 1
Road Surface Type
Asphalt: 1
Exterior
Curb(s) & Gutter(s): 1
Building Sign: 1
Sidewalk(s): 1
Source of Fincl Data
Accountant: 1
Traffic Count
Up to 5,000: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Freeway/Highway
Up to 1 Mile: 1
Building Features
Reception Room: 1
Kitchen: 1
Sewer
Sewer - Public: 1
Railroad
RlRd up to 1 Mile: 1
Parking Features
Fenced: 1
Private: 1
Paved: 1
Electric
SRP: 1
220 Volts: 1
Gas
None: 1
New Financing
Cash Only: 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
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: 602-647-4900
Sold Info
Loan Type: Carryback
Loan Years: 10
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: 101 Freeway and Rio Salado Parkway
Directions: From Rio Salado and the 101, go west to Siesta Lane. Go south on Siesta to property. *PLEASE DO NOT DISTURB BUSINESS.
Geo Lat: 33.427556
Geo Lon: -111.89312
Status Change Info
Off Market Date: 2018-12-05
Under Contract Date: 2018-12-05
Close of Escrow Date: 2018-12-28
Sold Price: $900,000
Income Expenses
Gross Annual Sch Inc: 620506
Net Operating Income: 124000
Property Features
Building Type: Commercial; Industrial; Office
Business Type: Service Business; Automobile; Professional/Office
Stories: 2 Stories
Construction: Block; Wood Frame
Roofing: Foam; Rolled
Floors: Concrete
Ceiling Height: 8.1 Feet to 10 Feet; 14.1 Feet to 16 Feet
Cooling: Central Air; Office A/C; Warehouse Evap
Loading Facilities: Grade Level
Interior Features: Finished; Alarm System; Phone System
Exterior: Curb(s) & Gutter(s); Building Sign; Sidewalk(s)
Fencing: Block
Building Features: Reception Room; Kitchen
Parking Features: Fenced; Private; Paved
Electric: SRP; 220 Volts
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
Railroad: RlRd up to 1 Mile
New Financing: Cash Only; 1031 Exchange
Source of Fincl Data: 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
Road Surface Type: Asphalt
Traffic Count: Up to 5,000
Environmental: None
Listing Office:
My Home Group Real Estate
Last Updated: February - 22 - 2024
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