400 W RAY Road 1, Chandler, AZ 85225
$1,075,000
Property Type:
Comm/Industry Sale
Square Footage:
8,985
Lot Size (sq. ft.):
62,706
Status:
Closed
Current Price:
$1,075,000
List Date:
11/15/2012
Last Modified:
10/13/2024
Description
Different from the other offerings. This BLOCK building with stucco finish,has only a metal roof. Lessor's responsible for Roof, Landscape, Parking lot replacement, and foundation. 4 newer HVAC units(2012), sprinkled, Mature landscape, 3 years on initial 10 year term, plus 15 years in options. call lister with questions.
More Information MLS# 4850047
Contract Info
Ownership: Fee Simple
Current Price: $1,075,000
Sold Price: $1,075,000
Status: Closed
List Date: 2012-11-14
Location, Tax & Legal
Unit #: 1
Building Number: 1
Assessor's Map #: 44
Assessor's Parcel #: 1
Assessor Parcel Ltr: P
Add'l Parcels: No
Tax Municipality: Chandler
Census Tract: 523003
Taxes: 17568
Legal: BEG AT SE COR SW4 SE4 TH N 264.55' W 432.715' S 264.22' TO S L
Marketing Name: Dollar General
Map Code/Grid: T38
House Number: 400
Compass: W
Street Name: RAY
St Suffix: Road
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 1917
County Code: Maricopa
Assessor Number: 302-44-001-P
Tax Year: 2013
General Property Description
Type of Property: Investment
Ttl Apx SqFt Bldg: 8985
Ttl Apx Net Rnt Spc: 9014
# of Buildings: 1
Uncvrd Parking Spcs: 36
Lot Size Dimensions: 278 x 214
Volts/Amps: 120/ 208
Year Built: 2005
Zoning: C-1
Legal Info
Range: 5E
Section: 21
Township: 1S
Lot Number: P
Construction
Block: 1
Roofing
Metal: 1
Floors
Concrete: 1
Vinyl: 1
Bay Info
# of Bays: 1
# of Bay Doors: 2
Bay Door Height: 83
Bay Door Width: 72
Bay Size: 9014
Max Span Lineal Ft: 70
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 2253
Annual Land Lse Exp: 0
Annual Landscape Exp: 1200
Annual Legal & Acctg: 0
Annual Maint Exp: 600
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
Other Income: 3155
Vacancy Allowance: 0
Adjusted Gross Inc: 90815
Building Type
Commercial: 1
Business Type
Retail: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 8.05
Down Payment: 700000
Equity: 385000
1st Encumbrance: 700000
1st Interest Rate: 6.4
1st Years Remaining: 4
1st Payment: 4700
1st Payment Freq: Monthly
2nd Encumbrance: 0
2nd Payment: 0
2nd Payment Freq: None
3rd Encumbrance: 0
3rd Payment: 0
Total Owed: 700000
Avg Rent P/SqFt: 9.72
Assessment Balance: 0
Ceiling Height
10.1 Feet to 12 Feet: 1
Heating
Office Heated: 1
2 or More Units: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Fire Sprinklers: 1
Alarm System: 1
Phone System: 1
Private Restrooms: 1
Loading Facilities
Grade Level: 1
Road Surface Type
Asphalt: 1
Exterior
Curb(s) & Gutter(s): 1
Building Sign: 1
Sidewalk(s): 1
Monument Sign: 1
Source of Fincl Data
Owner: 1
Traffic Count
25,001 to 35,000: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Freeway/Highway
2.1 - 5 Miles: 1
Building Features
Accessible Entrance: 1
Sewer
Sewer - Public: 1
Parking Features
Private: 1
Paved: 1
Electric
SRP: 1
Underground: 1
Over 220 Amp: 1
3 Phase Power: 1
Gas
None: 1
New Financing
Cash Only: 1
Cash to Loan: 1
Special
Owner/Agent: 1
Incorporated Area: 1
Existing 1st Loan
Private: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-541-8191
List Agent Pager: 602-541-8191
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: Ray and Arizona Avenue
Directions: $ blocks west of Arizona Avenue, on north side of Ray Road, look for Dollar General, or its neighbor Sonic Drive-in. Do not disturb Lessee.
Geo Lat: 33.32108
Geo Lon: -111.846414
Status Change Info
Off Market Date: 2012-12-18
Under Contract Date: 2012-12-11
Close of Escrow Date: 2012-12-30
Sold Price: $1,075,000
Income Expenses
Gross Annual Sch Inc: 87660
Net Operating Income: 87363
Property Features
Building Type: Commercial
Business Type: Retail
Stories: 1 Story
Construction: Block
Roofing: Metal
Floors: Concrete; Vinyl
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Office Heated; 2 or More Units
Cooling: Central Air
Loading Facilities: Grade Level
Interior Features: Finished; Fire Sprinklers; Alarm System; Phone System; Private Restrooms
Exterior: Curb(s) & Gutter(s); Building Sign; Sidewalk(s); Monument Sign
Fencing: Block
Building Features: Accessible Entrance
Parking Features: Private; Paved
Electric: SRP; Underground; Over 220 Amp; 3 Phase Power
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Cash to Loan
Special: Owner/Agent; Incorporated Area
Source of Fincl Data: Owner
Existing 1st Loan: Private
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Road Surface Type: Asphalt
Traffic Count: 25,001 to 35,000
Environmental: None
Listing Office:
Wolf Realty, Inc.
Last Updated: October - 13 - 2024
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