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

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

More Information MLS# 5275590

Contract Info

Ownership: Fee Simple Current Price: $1,700,000 Sold Price: $1,700,000 Status: Closed List Date: 2015-05-01

Location, Tax & Legal

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 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 County Code: Maricopa Subdivision: Lakeview Village Assessor Number: 304-09-958 Tax Year: 2011

General Property Description

Ttl Apx SqFt Bldg: 8168 # of Buildings: 1 Uncvrd Parking Spcs: 26 Year Built: 1995 Zoning: C-O

Construction

Block: 1

Roofing

Other: 1

Floors

Concrete: 1 Vinyl: 1 Sealed: 1 Ceramic Tile: 1 Carpet: 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: 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: 1 Office: 1

Business Type

Dental: 1 Medical: 1 Professional/Office: 1

Stories

1 Story: 1

Pmt & Rate Info

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

Ceiling Height

12.1 Feet to 14 Feet: 1

Heating

Electric: 1

Cooling

Central Air: 1

Interior Features

Finished: 1

Loading Facilities

None: 1

Source of Fincl Data

Owner: 1

Fencing

None: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Private: 1

Electric

SRP: 1

Gas

None: 1

New Financing

Cash Only: 1 Cash to Loan: 1 1031 Exchange: 1 Other (See Remarks): 1

Existing 1st Loan

Other (See Rmks): 1

Existing 1st Loan Type

Fixed: 1

Existing 1st Loan Terms

Non Assumable: 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

Seller Prop Disc Stm: 1

Existing 3rd Loan Terms

Not Applicable: 1

Environmental

None: 1

Existing Othr Ln Trm

Not Applicable: 1

Sold Info

Loan Type: Cash 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: 39th St. & Baseline Directions: On the SE Corner Geo Lat: 33.378548 Geo Lon: -111.748213

Status Change Info

Off Market Date: 2015-05-05 Under Contract Date: 2015-05-01 Close of Escrow Date: 2015-05-29 Sold Price: $1,700,000

Legal Info

Lot Number: 7

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