3321 N 35TH Avenue 12, Phoenix, AZ 85017 (MLS# 5125041)

3321 N 35TH Avenue 12, Phoenix, AZ 85017

$2,800,000

Property Type: Business Opportunity Square Footage: 3,250 Lot Size (sq. ft.): 40,000 Status: Closed

Current Price: $2,800,000 Last Modified: 6/16/2015

Overview

Description

PRICE REDUCTION/MOTIVATED SELLER! 29 year old trucking/hauling company w/ well established contracts/clients in Phoenix; 6 types of trucks; 2013 Gross Sale $5.7+ million; 2013 NOI $560K & 2014 NOI projected $520K+; 2 parcels; approx 1 acre; Family owned business; owner looking to retire; Trucks and equipment value roughly $2.0 million; approx 45-50 employees; real estate/buildings valued at $500K, land includes a ABOVE GROUND fuel storage tank; Real estate is separate from the business but can be included if desired. Owner willing to carry a portion of land/buildings with reasonable down payment.

Listing Details MLS# 5125041

Location

Map Code/Grid: P33
House Number: 3321
Compass: N
Street Name: 35TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85017
Zip4: 5259
Country: US
County Code: Maricopa
Assessor Number: 108-03-099

General Property Description

Ttl Apx SqFt Bldg: 3250
Uncvrd Parking Spcs: 10

Remarks Misc

Cross Street: 35th Ave/Thomas

Status Change Info

Off Market Date: 2015-04-05
Under Contract Date: 2015-04-03
Close of Escrow Date: 2015-06-15

Legal Info

Township: 2N
Range: 2E
Section: 26

More Information

Income Expenses

Net Operating Income: 561283

Sold Info

Loan Type: SBA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Other: Yes

Income & Expenses

# Full Time Employee: 45
Annual Gross Sales: 5741314
Owners Draw Included: Yes
Annual Owners Salary: 28600
Annual Mngr Salary: 0
Anl Int (Non-RelEst): 36020
Annual Depreciation: 349860
Annual Fringes: 0
Adjusted Net Income: 175403
Apx Value of Cash: 50000
Ap Val Frn,Fxt & Eqp: 2000000
Apx Val Accts Rec: 1300000
Apx Val of Real Est: 500000

Business Type

Professional Service: Yes

Pmt & Rate Info

Down Payment: 1197000
Equity: 2764000
Acts Rec Hypothectd: Yes
Down Payment %: 30
1st Encumbrance: 336000
1st Inclds Real Est: Yes
Total Owed: 336000

Type of Lease

None: Yes

Form of Ownership

Corporation: Yes

Sale Price Includes

Goodwill: Yes
Equipment: Yes
Inventory: Yes
Real Estate: Yes
License(s): Yes

Lease Information

None: Yes

Hours of Operation

Weekdays Only: Yes

Business Age

10+ Years: Yes

Heating

Electric: Yes

Current Ownership

10+ Years: Yes

Cooling

Evaporative Cooling: Yes
Heat Pump: Yes
2 or more Units: Yes

Business Location

Fixed Location: Yes
Free Standing Bldg: Yes

Training

2 Months: Yes

Expenses Include

Rent - Real Estate: Yes
Utilities: Yes
Insurance: Yes
Advertising: Yes
Signage: Yes
Accounting: Yes
Legal: Yes
Supplies: Yes
Taxes - Real Estate: Yes
Taxes - Personal Pro: Yes
Taxes - Payroll: Yes
Licenses: Yes
Equipment Rental: Yes
Repairs: Yes
Employee Benefits: Yes
Payroll: Yes
Telephone: Yes
Owners Draw: Yes

Business/Tenant Pays

Gas: Yes
Electricity: Yes
Water: Yes
Sewer: Yes
Trash: Yes
Capital Improvements: Yes
Contents Insurance: Yes
Fire Ins - Building: Yes
Glass Insurance: Yes
Liability Insurance: Yes
Property Taxes: Yes

Road Surface Type

Asphalt: Yes
Concrete: Yes

Exterior

Storage Yard: Yes
Roof Sign: Yes
Security Camera(s): Yes

Source of Fincl Data

Owner: Yes
Bks Shwn W/Acpt Ofr: Yes
Tax Return: Yes

Traffic Count

Not Available: Yes

Water Source

City Franchise: Yes

Backup Information

Equipment Lease: Yes
Accts Rec Aging: Yes
Accts Pay Aging: Yes
Equipment List: Yes
Inventory List: Yes

Sewer

Sewer - Public: Yes

Parking Features

Fenced: Yes
Free: Yes

Electric

SRP: Yes

Gas

None: Yes

New Financing

Cash: Yes
Cash to Loan: Yes
Seller Approve Terms: Yes
Owner May Carry: Yes
Lease Purchase: Yes

Current Financing 1

Conventional: Yes

Current Financing 2

Treat as Free & Clr: Yes

Current Financing 3

Treat as Free & Clr: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Business Type: Professional Service Form of Ownership: Corporation Sale Price Includes: Goodwill; Equipment; Inventory; Real Estate; License(s) Lease Information: None Hours of Operation: Weekdays Only Type of Lease: None Business Age: 10+ Years Current Ownership: 10+ Years Business Location: Fixed Location; Free Standing Bldg Training: 2 Months Expenses Include: Rent - Real Estate; Utilities; Insurance; Advertising; Signage; Accounting; Legal; Supplies; Taxes - Real Estate; Taxes - Personal Pro; Taxes - Payroll; Licenses; Equipment Rental; Repairs; Employee Benefits; Payroll; Telephone; Owners Draw Source of Fincl Data: Owner; Bks Shwn W/Acpt Ofr; Tax Return Backup Information: Equipment Lease; Accts Rec Aging; Accts Pay Aging; Equipment List; Inventory List Construction: Other Exterior: Storage Yard; Roof Sign; Security Camera(s) Parking Features: Fenced; Free Electric: SRP Gas: None Water Source: City Franchise Sewer: Sewer - Public Cooling: Heat Pump; Evaporative Cooling; 2 or more Units Road Surface Type: Asphalt; Concrete Traffic Count: Not Available Current Financing 1: Conventional Current Financing 2: Treat as Free & Clr Current Financing 3: Treat as Free & Clr New Financing: Cash; Cash to Loan; Seller Approve Terms; Owner May Carry; Lease Purchase Environmental: None

Listing Office: Peak PM LLC

Last Updated: June - 16 - 2015