3941 E Baseline Road 101, Gilbert, AZ 85234 (MLS# 5275590)

3941 E Baseline Road 101, Gilbert, AZ 85234

$1,700,000

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Property Type: Comm/Industry Sale Square Footage: 8,168 Lot Size (sq. ft.): 10,500 Status: Closed

Current Price: $1,700,000 List Date: 5/05/2015 Last Modified: 2/24/2016

Overview

Description

Incredible opportunity to own commercial property on high traffic Baseline Road in Gilbert that is generating over 20K a month in income! There is still 3 years on the lease from a national Physical Therapy company. East on Baseline From Val Vista in Gilbert. Close to US 60. Dana Park and Dana Landing.P

Listing Details MLS# 5275590

Location, Tax & Legal

Map Code/Grid: S40
House Number: 3941
Compass: E
Street Name: Baseline
St Suffix: Road
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85234
Zip4: 2750
Country: US
County Code: Maricopa
Subdivision: Lakeview Village
Assessor Number: 304-09-958
Tax Year: 2011
Unit #: 101
Assessor's Map #: 9
Assessor's Parcel #: 958
Add'l Parcels: No
Tax Municipality: Gilbert
Taxes: 13559
Legal: LAKEVIEW VILLAGE REPLAT AMD MCR 325-49

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 8168
# of Buildings: Yes
Year Built: 1995
Uncvrd Parking Spcs: 26
Zoning: C-O

Remarks Misc

Cross Street: 39th St. & Baseline
Directions: On the SE Corner

Status Change Info

Off Market Date: 2015-05-05
Under Contract Date: 2015-05-01
Close of Escrow Date: 2015-05-29

Legal Info

Lot Number: 7

More Information

Sold Info

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

Construction

Block: Yes

Roofing

Other: Yes

Floors

Concrete: Yes
Vinyl: Yes
Sealed: Yes
Ceramic Tile: Yes
Carpet: 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: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 13559
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes
Office: Yes

Business Type

Dental: Yes
Medical: Yes
Professional/Office: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Down Payment: 0
Equity: 1700000
Total Owed: 0
Assessment Balance: 0

Ceiling Height

12.1 Feet to 14 Feet: Yes

Heating

Electric: Yes

Cooling

Central Air: Yes

Interior Features

Finished: Yes

Loading Facilities

None: Yes

Source of Fincl Data

Owner: Yes

Fencing

None: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Private: Yes

Electric

SRP: Yes

Gas

None: Yes

New Financing

Cash Only: Yes
Cash to Loan: Yes
1031 Exchange: Yes
Other (See Remarks): Yes

Existing 1st Loan

Other (See Rmks): Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Non Assumable: 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

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: Commercial; Office Business Type: Dental; Medical; Professional/Office Stories: 1 Story Construction: Block Roofing: Other Floors: Concrete; Vinyl; Sealed; Ceramic Tile; Carpet Ceiling Height: 12.1 Feet to 14 Feet Cooling: Central Air Loading Facilities: None Interior Features: Finished Fencing: None Parking Features: Private Electric: SRP Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan; 1031 Exchange; Other (See Remarks) Source of Fincl Data: Owner Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable 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: None

Listing Office: LTD Realty, LLC

Last Updated: February - 24 - 2016