3920 S Alma School Road 4, Chandler, AZ 85248

$885,000
Property Type: Comm/Industry Sale Square Footage: 2,714 Lot Size (sq. ft.): 10,910 Status: Closed
Current Price: $885,000 List Date: 8/28/2023 Last Modified: 11/18/2023

Overview

Description

Highly desired Ocotillo location for Professional Office or Medical space. Great owner/occupant space or investment opportunity. Beautiful views of Ocotillo Golf Course. Professionally managed buildings with fountains and covered parking. One mile from Intel and high-tech corridor in Chandler. Current build out is professional office. with Kitchen, computer room, rest rooms and individual offices. This unit may be purchased with 3930 S Alma School #10 for an additional 2722 square feet.

Listing Details MLS# 6598160

Location, Tax & Legal

House Number
3920
Compass
S
Street Name
Alma School
St Suffix
Road
City/Town Code
Chandler
State/Province
AZ
Zip Code
85248
Zip4
4511
Country
US
County Code
Maricopa
Subdivision
The Fountains at Ocotillo
Assessor Number
303-49-162
Tax Year
2022
Unit #
4
Assessor's Map #
49
Assessor's Parcel #
162
Add'l Parcels
No
Tax Municipality
Chandler
Taxes
5666
Legal
LOT C105 FOUNTAINS AT OCOTILLO CONDOMINIUM MCR 071237
Marketing Name
Fountains at Ocotillo

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Professional Office/Medical
Ttl Apx SqFt Bldg
2714
# of Buildings
Yes
Year Built
2004
Uncvrd Parking Spcs
17
Zoning
PAD
Flood Zone
No

Remarks Misc

Cross Street
Alma School/Ocotillo
Directions
NWC of Alma School and Ocotillo. W on Ocotillo, N on Jacaranda, buildings on East side of street facing golf course

Status Change Info

Off Market Date
2023-09-13
Under Contract Date
2023-09-08
Close of Escrow Date
2023-11-17

Legal Info

Lot Number
C105

More Information

Sold Info

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

Construction

Stucco
Yes
Wood Frame
Yes

Roofing

Tile
Yes

Floors

Ceramic Tile
Yes
Carpet
Yes

Income & Expenses

Owner Association
Yes
Annual Ownr Asoc Fee
8468
Operating Exp
14134
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Office
Yes
Other (See Remarks)
Yes

Business Type

Dental
Yes
Medical
Yes
Professional/Office
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Equity
869000
Total Owed
0

Ceiling Height

10.1 Feet to 12 Feet
Yes

Heating

Ceiling
Yes
Electric
Yes

Cooling

Central Air
Yes

Interior Features

Finished
Yes
Smoke Detector(s)
Yes
Security System
Yes
Private Restrooms
Yes

Loading Facilities

None
Yes

Road Surface Type

Asphalt
Yes

Exterior

Corner Lot
Yes
Building Sign
Yes
Sidewalk(s)
Yes
Monument Sign
Yes

Source of Fincl Data

Owner
Yes

Traffic Count

25,001 to 35,000
Yes

Fencing

None
Yes

Water Source

City Franchise
Yes
Individual Meter
Yes

Freeway/Highway

Frontage
Yes
Access
Yes

Building Features

Kitchen
Yes
Computer Room
Yes
Other (See Remarks)
Yes

Sewer

Sewer - Public
Yes
Sewer-In & Connected
Yes

Parking Features

Free
Yes
Parking Lot
Yes
Private
Yes
Paved
Yes

Electric

SRP
Yes
Individual Meter
Yes

Gas

None
Yes

New Financing

Cash to Loan
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Use Restrictions

CC&R's
Yes
Currently Leased
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Building Type: Office; Other (See Remarks) Business Type: Dental; Medical; Professional/Office Stories: 1 Story Construction: Stucco; Wood Frame Roofing: Tile Floors: Ceramic Tile; Carpet Ceiling Height: 10.1 Feet to 12 Feet Heating: Ceiling Cooling: Central Air Loading Facilities: None Interior Features: Finished; Smoke Detector(s); Security System; Private Restrooms Exterior: Corner Lot; Building Sign; Sidewalk(s); Monument Sign Fencing: None Building Features: Kitchen; Computer Room; Other (See Remarks) Parking Features: Free; Parking Lot; Private; Paved Electric: SRP; Individual Meter Gas: None Water Source: City Franchise; Individual Meter Sewer: Sewer - Public; Sewer-In & Connected New Financing: Cash to Loan; 1031 Exchange Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear 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 Existing Othr Ln Trm: Not Applicable Road Surface Type: Asphalt Traffic Count: 25,001 to 35,000 Use Restrictions: CC&R's; Currently Leased Environmental: None
IDX
Listing Office: KD Realty, LLC
Last Updated: November - 18 - 2023
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