3041 E MCKELLIPS Road, Mesa, AZ 85213

$1,475,000
Property Type: Comm/Industry Sale Square Footage: 2,998 Lot Size (sq. ft.): 108,443 Status: Closed
Current Price: $1,475,000 List Date: 9/07/2021 Last Modified: 11/19/2021

Overview

Description

High profile single TENANT (NNN) Lease in place, three ( 3) years remaining, with an additional five (5) year option. Annual increases. Tenants have leased since 2009. ALSO INCLUDED 1+/- ACRE VACANT LOT TO THE REAR OF THE PROPERTY.

Listing Details MLS# 6290110

Location, Tax & Legal

Map Code/Grid
Q40
House Number
3041
Compass
E
Street Name
MCKELLIPS
St Suffix
Road
City/Town Code
Mesa
State/Province
AZ
Zip Code
85213
Zip4
3130
Country
US
County Code
Maricopa
Assessor Number
141-14-008-Q
Tax Year
2021
Assessor's Map #
14
Legal Description (Abbrev)
TH PT W 332F OF N2 NE4 NW4 SEC 8 AS DESC P/F 05-0616273
Assessor's Parcel #
8
Assessor Parcel Ltr
Q
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
420705
Taxes
21757
Legal
TH PT W 332F OF N2 NE4 NW4 SEC 8 AS DESC P/F 05-0616273

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
2998
# of Buildings
Yes
Year Built
2006
Uncvrd Parking Spcs
42
Zoning
C2

Remarks Misc

Cross Street
Lindsay & McKellips
Directions
E.. FROM LINDSAY ON McKELLIPS SOUTH SIDE. NEXT TO: Sonic

Status Change Info

Off Market Date
2021-11-19
Under Contract Date
2021-09-23
Close of Escrow Date
2021-11-18

Income Expenses

Gross Annual Sch Inc
109440
Net Operating Income
82740

More Information

Contact Info

List Agent Home Phn
602-390-8719

Sold Info

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

Construction

Wood Frame
Yes

Roofing

Foam
Yes

Floors

Concrete
Yes
Ceramic Tile
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
109440

Building Type

Commercial
Yes

Business Type

Restaurant
Yes
Fast Food
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Cap Rate
5.52
Equity
1500000
Total Owed
0

Showing Notification Methods

Text
Yes

Lockbox Type

None
Yes

Ceiling Height

12.1 Feet to 14 Feet
Yes

Heating

Natural Gas
Yes

Cooling

Central Air
Yes

Interior Features

Finished
Yes
Fire Sprinklers
Yes
Security System
Yes
Security Light(s)
Yes
Security Camera(s)
Yes
Alarm System
Yes
Phone System
Yes
Public Restrooms
Yes

Loading Facilities

None
Yes

Road Surface Type

Asphalt
Yes
Concrete
Yes

Exterior

Curb(s) & Gutter(s)
Yes
Sidewalk(s)
Yes

Source of Fincl Data

Owner
Yes

Traffic Count

25,001 to 35,000
Yes

Fencing

Other
Yes

Water Source

City Franchise
Yes
Master Meter
Yes
Individual Meter
Yes

Sewer

Sewer - Public
Yes
Sewer-In & Connected
Yes

Parking Features

Private
Yes
Paved
Yes

Electric

SRP
Yes
Master Meter
Yes
Individual Meter
Yes

Gas

SW Gas
Yes
Master Meter
Yes
Individual Meter
Yes

New Financing

Cash Only
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

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes
None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Property Features

Building Type: Commercial Business Type: Restaurant; Fast Food Stories: 1 Story Construction: Wood Frame Roofing: Foam Floors: Concrete; Ceramic Tile Ceiling Height: 12.1 Feet to 14 Feet Heating: Natural Gas Cooling: Central Air Loading Facilities: None Interior Features: Finished; Fire Sprinklers; Security System; Security Light(s); Security Camera(s); Alarm System; Phone System; Public Restrooms Exterior: Curb(s) & Gutter(s); Sidewalk(s) Fencing: Other Parking Features: Private; Paved Electric: SRP; Master Meter; Individual Meter Gas: SW Gas; Master Meter; Individual Meter Water Source: City Franchise; Master Meter; Individual Meter Sewer: Sewer - Public; Sewer-In & Connected New Financing: Cash Only Showing Notification Methods: Text Lockbox Type: None 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 Road Surface Type: Asphalt; Concrete Traffic Count: 25,001 to 35,000 Environmental: None
IDX
Listing Office: Berkshire Hathaway HomeServices Arizona Properties
Last Updated: November - 19 - 2021
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