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

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 $/%: $

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

Office Phone: 480-659-1777

Office Email: tanner@menlocre.com

Last Updated: February - 10 - 2025