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

Overview

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

Listing Details MLS# 6012836

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Subdivision
FOUNTAINS AT OCOTILLO CONDOMINIUM
Assessor Number
303-49-150
Tax Year
2019
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

Contract Info

Ownership
Other (See Remarks)

General Property Description

Type of Property
Multi-tenant investment
Ttl Apx SqFt Bldg
13748
Ttl Apx Net Rnt Spc
3729
# of Buildings
Yes
Year Built
2005
Uncvrd Parking Spcs
12
Zoning
PAD

Remarks Misc

Cross Street
S Alma School Rd & W Ocotillo Rd

Status Change Info

Off Market Date
2019-12-30
Under Contract Date
2019-12-27
Close of Escrow Date
2020-01-31

Legal Info

Township
2S
Range
5E
Section
17
Lot Number
B103

More Information

Income Expenses

Net Operating Income
86288.16

Sold Info

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

Construction

Other
Yes

Roofing

Other
Yes

Floors

Other
Yes

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
Yes

Business Type

Dental
Yes
Medical
Yes
Professional/Office
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Cap Rate
6.75
Down Payment
0
Equity
1278000
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Ceiling Height

8.1 Feet to 10 Feet
Yes

Heating

Other
Yes
See Remarks
Yes

Cooling

Other
Yes
See Remarks
Yes

Interior Features

Other (See Remarks)
Yes

Loading Facilities

Other (See Remarks)
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Fencing

Other
Yes
See Remarks
Yes

Water Source

Other
Yes
See Remarks
Yes

Sewer

No Sewer/Septic
Yes

Parking Features

Paved
Yes

Electric

Other (See Remarks)
Yes

Gas

Other (See Remarks)
Yes

New Financing

Other (See Remarks)
Yes

Existing 1st Loan

Other (See Rmks)
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Other (See Remarks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Other (See Remarks)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

Other (See Remarks)
Yes

Existing Othr Ln Trm

Not Applicable
Yes

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)
IDX
Listing Office: The Menlo Group Commercial Real Estate
Last Updated: February - 10 - 2025
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