27 S STAPLEY Drive, Mesa, AZ 85204
$1,475,000
Property Type:
Comm/Industry Sale
Square Footage:
8,115
Lot Size (sq. ft.):
25,788
Status:
Closed
Current Price:
$1,475,000
List Date:
7/20/2022
Last Modified:
4/18/2025
Description
27 South Stapley Plaza sits near the heart of Mesa, Arizona on over half an acre. The seller has recently completed property improvements, including new LED lighting on the building and monument sign, asphalt reseal and stripping, and desert landscaping. The 35 parking spaces perfectly allow the six Tenants to successfully operate their business and satisfy their employees and clientele. The plaza is located on Stapley Drive with excellent signage visibility and easy access. This low maintenance lucrative investment is offered at over 6% CAP Rate with rental rates increasing annually.
More Information MLS# 6437196
Contract Info
Ownership: Fee Simple
Current Price: $1,475,000
Sold Price: $1,475,000
Status: Closed
List Date: 2022-07-20
Location, Tax & Legal
Assessor's Map #: 9
Legal Description (Abbrev): W 135' OF FOL DESC PROP PT SW4 BEG AT PT 33' E & 49.63' S OF NW COR SW4 TH S 135' TO TRUE POB TH E
Assessor's Parcel #: 46
Assessor Parcel Ltr: F
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 421602
Taxes: 10897
Legal: W 135' OF FOL DESC PROP PT SW4 BEG AT PT 33' E & 49.63' S OF NW COR SW4 TH S 135' TO TRUE POB TH E
Map Code/Grid: R39
House Number: 27
Compass: S
Street Name: STAPLEY
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 1127
County Code: Maricopa
Assessor Number: 138-09-046-F
Tax Year: 2021
General Property Description
Type of Property: Multi-Tenant Plaza
Ttl Apx SqFt Bldg: 8115
# of Buildings: 1
Uncvrd Parking Spcs: 35
Year Built: 1963
Zoning: GC
Legal Info
Range: 5E
Section: 24
Township: 1N
Lot Number: -
Construction
Block: 1
Roofing
Composition: 1
Floors
Concrete: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 10897
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 117000
Building Type
Commercial: 1
Other (See Remarks): 1
Business Type
Retail: 1
Other: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 6.27
Equity: 1495000
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
14.1 Feet to 16 Feet: 1
Heating
See Remarks: 1
Cooling
See Remarks: 1
Interior Features
Finished: 1
Private Restrooms: 1
Other (See Remarks): 1
Loading Facilities
None: 1
Exterior
Building Sign: 1
Monument Sign: 1
Security Light(s): 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Fencing
None: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Private: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
New Financing
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Sold Info
Loan Type: Conventional
Loan Years: 20
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: Stapley Drive & Main Street
Geo Lat: 33.414409
Geo Lon: -111.804964
Status Change Info
Off Market Date: 2022-09-21
Under Contract Date: 2022-08-22
Close of Escrow Date: 2022-09-21
Sold Price: $1,475,000
Income Expenses
Gross Annual Sch Inc: 117000
Net Operating Income: 93754
Property Features
Building Type: Commercial; Other (See Remarks)
Business Type: Retail; Other
Stories: 1 Story
Construction: Block
Roofing: Composition
Floors: Concrete
Ceiling Height: 14.1 Feet to 16 Feet
Heating: See Remarks
Cooling: See Remarks
Loading Facilities: None
Interior Features: Finished; Private Restrooms; Other (See Remarks)
Exterior: Building Sign; Monument Sign; Security Light(s)
Fencing: None
Parking Features: Private
Electric: SRP; Individual Meter
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Owner; Projected Proforma
Existing 1st Loan: Treat as Free&Clear
Environmental: None
Listing Office:
AFFIRE, LLC
Last Updated: April - 18 - 2025
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