3030 S RURAL Road, Tempe, AZ 85282
$520,000
Property Type:
Comm/Industry Sale
Square Footage:
5,893
Lot Size (sq. ft.):
24,811
Status:
Closed
Current Price:
$520,000
List Date:
8/21/2020
Last Modified:
2/19/2025
Description
Attractive multi-tenant office. Bright central court yard with multi-colored doors, Colorful sail awnings & furnished out door conversation area. Courtyard has two security gated entrances. Offices are attractive neutral paint and well maintained. Floors are wood grain and carpet. Offices have separate entry doors. Most have roof mounted, individual AC units and Block construction . Two very clean community restrooms Three long term anchor tenants plus other offices. Rent includes all utilities and exterior maintenance. $96,000 Solar panels supply most of the electricity. Gated rear courtyard had built up irrigated planter gardens. 8 covered parking stalls + 12 uncovered. Sign monument on Rural. Excellent location on high traffic Rural Rd. Three miles to ASU. Walk 2 Walmart
More Information MLS# 6077848
Contract Info
Ownership: Fee Simple
Current Price: $520,000
Sold Price: $520,000
Status: Closed
List Date: 2020-05-13
Location, Tax & Legal
Assessor's Map #: 28
Legal Description (Abbrev): THOMPSON WALKER TR MCR 23/10 PT LOT 1 DAF E 142F 0F N 306.76F OF S 1277.59F EX N 100F & EX E 22F
Assessor's Parcel #: 1
Assessor Parcel Ltr: U
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 319600
Taxes: 10249
Legal: THOMPSON WALKER TR MCR 23/10 PT LOT 1 DAF E 142F 0F N 306.76F OF S 1277.59F EX N 100F & EX E 22F
Marketing Name: Multi-tenant office bldg.
Map Code/Grid: R37
House Number: 3030
Compass: S
Street Name: RURAL
St Suffix: Road
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 3800
County Code: Maricopa
Subdivision: Not in an HOA
Assessor Number: 133-28-001-U
Tax Year: 2019
General Property Description
Type of Property: multi-tenant office building
Ttl Apx SqFt Bldg: 5893
# of Buildings: 2
Uncvrd Parking Spcs: 14
Lot Size Dimensions: 24811
Volts/Amps: 120, 240
Year Built: 1974
Zoning: CSS
Legal Info
Range: 4E
Section: 27
Township: 1N
Lot Number: 1
Construction
Block: 1
Stucco: 1
Wood Frame: 1
Roofing
Built-Up: 1
Floors
Concrete: 1
Vinyl: 1
Carpet: 1
Income & Expenses
Annual Elec Exp: 6431
Annual Ins Exp: 1093
Annual Land Lse Exp: 0
Annual Landscape Exp: 1675
Annual Legal & Acctg: 413
Annual Maint Exp: 6856
Annual Mgmt Exp: 10530
Annual Trash Exp: 972
Annual Wtr/Swr Exp: 3150
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 227
Operating Exp: 41596
Other Income: 530
Vacancy Allowance: 0
Adjusted Gross Inc: 61610
Building Type
Office: 1
Business Type
Professional/Office: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 5.32
Down Payment: 559000
Equity: 559000
1st Encumbrance: 0
2nd Encumbrance: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Heat Pump: 1
Solar: 1
Electric: 1
2 or More Units: 1
Cooling
Office A/C: 1
Interior Features
Finished: 1
Public Restrooms: 1
Loading Facilities
None: 1
Road Access Type
Alley: 1
Road Surface Type
Asphalt: 1
Exterior
Sprinkler System-Ground: 1
Landscaping: 1
Curb(s) & Gutter(s): 1
Monument Sign: 1
Security Light(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
15,001 to 25,000: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Freeway/Highway
Frontage: 1
Building Features
Conference Room: 1
Security Gate: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Paved: 1
Electric
SRP: 1
Master Meter: 1
220 Volts: 1
Solar: 1
Gas
None: 1
New Financing
Cash Only: 1
Existing 1st 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: 480-797-2895
Sold Info
Loan Type: SBA
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: Rural and Southern
Directions: North on Rural past Southern. past Walmart & Southern. North about 1,000 ft.
Building is on West side.
Geo Lat: 33.395995
Geo Lon: -111.926683
Status Change Info
Off Market Date: 2020-08-21
Under Contract Date: 2020-08-21
Close of Escrow Date: 2020-08-21
Sold Price: $520,000
Income Expenses
Gross Annual Sch Inc: 61080
Net Operating Income: 29733
Property Features
Building Type: Office
Business Type: Professional/Office
Stories: 1 Story
Construction: Block; Stucco; Wood Frame
Roofing: Built-Up
Floors: Concrete; Vinyl; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump; Solar; 2 or More Units
Cooling: Office A/C
Loading Facilities: None
Interior Features: Finished; Public Restrooms
Exterior: Sprinkler System-Ground; Landscaping; Curb(s) & Gutter(s); Monument Sign; Security Light(s)
Fencing: Block
Building Features: Conference Room; Security Gate
Parking Features: Paved
Road Access Type: Alley
Electric: SRP; Master Meter; 220 Volts; Solar
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
New Financing: Cash Only
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Owner
Existing 1st 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: 15,001 to 25,000
Environmental: None
Documents
Floor Plan 3030 Rural ›
Listing Office:
Heins Realty
Last Updated: February - 19 - 2025
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