3930 S ALMA SCHOOL Road 3&8, Chandler, AZ 85248
$1,260,000
Property Type:
Comm/Industry Sale
Square Footage:
13,748
Lot Size (sq. ft.):
1,321
Status:
Closed
Current Price:
$1,260,000
List Date:
12/09/2019
Last Modified:
2/10/2025
Description
• 2-Tenant Medical Investment Sale
• $1,278,000 ($342.72 PSF)
• Located within The Fountains at Ocotillo, a 48,000 SF professional office condo plaza
• Total Size: Approximately 3,729 SF
• Suite 3: 2,401 SF Occupied by Physical Therapist Tenant with 7-Year Lease Term & Suite 8: 1,328 SF Occupied by Dermatologist with 4-Year Lease Term
• NNN Leases with 3% Annual Increases
• Plentiful Parking, Building Signage & Beautiful Landscaping
• Centrally Located to Nearby Shopping and Dining, Including the Ocotillo Golf Club, and Chandler Regional Hospital
• Easy Access to Loop 202
• Year Built: 2005
More Information MLS# 6012836
Contract Info
Ownership: Other (See Remarks)
Current Price: $1,260,000
Sold Price: $1,260,000
Status: Closed
List Date: 2019-12-09
Location, Tax & Legal
Unit #: 3&8
Assessor's Map #: 49
Legal Description (Abbrev): LOT B103 FOUNTAINS AT OCOTILLO CONDOMINIUM MCR 071237
Assessor's Parcel #: 150
Add'l Parcels: Yes
Tax Municipality: Chandler
Census Tract: 812600
Taxes: 2922
Legal: LOT B103 FOUNTAINS AT OCOTILLO CONDOMINIUM MCR 071237
Map Code/Grid: U38
House Number: 3930
Compass: S
Street Name: ALMA SCHOOL
St Suffix: Road
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85248
Zip4: 4510
County Code: Maricopa
Subdivision: FOUNTAINS AT OCOTILLO CONDOMINIUM
Assessor Number: 303-49-150
Tax Year: 2019
General Property Description
Type of Property: Multi-tenant investment
Ttl Apx SqFt Bldg: 13748
Ttl Apx Net Rnt Spc: 3729
# of Buildings: 1
Uncvrd Parking Spcs: 12
Year Built: 2005
Zoning: PAD
Legal Info
Range: 5E
Section: 17
Township: 2S
Lot Number: B103
Construction
Other: 1
Roofing
Other: 1
Floors
Other: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: Yes
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Office: 1
Business Type
Dental: 1
Medical: 1
Professional/Office: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 6.75
Down Payment: 0
Equity: 1278000
Total Owed: 0
Assessment Balance: 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
Other: 1
See Remarks: 1
Cooling
Other: 1
See Remarks: 1
Interior Features
Other (See Remarks): 1
Loading Facilities
Other (See Remarks): 1
Source of Fincl Data
Other (See Remarks): 1
Fencing
Other: 1
See Remarks: 1
Water Source
Other: 1
See Remarks: 1
Sewer
No Sewer/Septic: 1
Parking Features
Paved: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
New Financing
Other (See Remarks): 1
Existing 1st Loan
Other (See Rmks): 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Other (See Remarks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Other (See Remarks): 1
Existing Othr Ln Trm
Not Applicable: 1
Sold Info
Loan Type: Conventional
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: S Alma School Rd & W Ocotillo Rd
Geo Lat: 33.248638
Geo Lon: -111.86584
Status Change Info
Off Market Date: 2019-12-30
Under Contract Date: 2019-12-27
Close of Escrow Date: 2020-01-31
Sold Price: $1,260,000
Income Expenses
Net Operating Income: 86288.16
Property Features
Building Type: Office
Business Type: Dental; Medical; Professional/Office
Stories: 1 Story
Construction: Other
Roofing: Other
Floors: Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Other; See Remarks
Cooling: Other; See Remarks
Loading Facilities: Other (See Remarks)
Interior Features: Other (See Remarks)
Fencing: Other; See Remarks
Parking Features: Paved
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water Source: Other; See Remarks
Sewer: No Sewer/Septic
New Financing: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Existing 1st Loan: Other (See Rmks)
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Environmental: Other (See Remarks)
Listing Office:
The Menlo Group Commercial Real Estate
Last Updated: February - 10 - 2025
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