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
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.
More Information MLS# 6290110
Contract Info
Ownership: Fee Simple
Current Price: $1,475,000
Sold Price: $1,475,000
Status: Closed
List Date: 2021-09-07
Location, Tax & Legal
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
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
County Code: Maricopa
Assessor Number: 141-14-008-Q
Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 2998
# of Buildings: 1
Uncvrd Parking Spcs: 42
Year Built: 2006
Zoning: C2
Construction
Wood Frame: 1
Roofing
Foam: 1
Floors
Concrete: 1
Ceramic Tile: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 109440
Building Type
Commercial: 1
Business Type
Restaurant: 1
Fast Food: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 5.52
Equity: 1500000
Total Owed: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Ceiling Height
12.1 Feet to 14 Feet: 1
Heating
Natural Gas: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Fire Sprinklers: 1
Security System: 1
Security Light(s): 1
Security Camera(s): 1
Alarm System: 1
Phone System: 1
Public Restrooms: 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Exterior
Curb(s) & Gutter(s): 1
Sidewalk(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
25,001 to 35,000: 1
Fencing
Other: 1
Water Source
City Franchise: 1
Master Meter: 1
Individual Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Private: 1
Paved: 1
Electric
SRP: 1
Master Meter: 1
Individual Meter: 1
Gas
SW Gas: 1
Master Meter: 1
Individual Meter: 1
New Financing
Cash Only: 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
Seller Prop Disc Stm: 1
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 602-390-8719
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: Lindsay & McKellips
Directions: E.. FROM LINDSAY ON McKELLIPS SOUTH SIDE. NEXT TO: Sonic
Geo Lat: 33.450898
Geo Lon: -111.765741
Status Change Info
Off Market Date: 2021-11-19
Under Contract Date: 2021-09-23
Close of Escrow Date: 2021-11-18
Sold Price: $1,475,000
Income Expenses
Gross Annual Sch Inc: 109440
Net Operating Income: 82740
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
Listing Office:
Berkshire Hathaway HomeServices Arizona Properties
Last Updated: November - 19 - 2021
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