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
Overview
Description
Listing Details MLS# 4850047
Location, Tax & Legal
- 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
- Country
- US
- County Code
- Maricopa
- Assessor Number
- 302-44-001-P
- Tax Year
- 2013
- Unit #
- Yes
- Building Number
- Yes
- 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
Contract Info
- Ownership
- Fee Simple
General Property Description
- Type of Property
- Investment
- Ttl Apx SqFt Bldg
- 8985
- Ttl Apx Net Rnt Spc
- 9014
- # of Buildings
- Yes
- Lot Size Dimensions
- 278 x 214
- Year Built
- 2005
- Volts/Amps
- 120/ 208
- Uncvrd Parking Spcs
- 36
- Zoning
- C-1
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.
Status Change Info
- Off Market Date
- 2012-12-18
- Under Contract Date
- 2012-12-11
- Close of Escrow Date
- 2012-12-30
Legal Info
- Township
- 1S
- Range
- 5E
- Section
- 21
- Lot Number
- P
More Information
Bay Info
- # of Bays
- Yes
- # of Bay Doors
- 2
- Bay Door Height
- 83
- Bay Door Width
- 72
- Bay Size
- 9014
- Max Span Lineal Ft
- 70
Income Expenses
- Gross Annual Sch Inc
- 87660
- Net Operating Income
- 87363
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 $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Construction
- Block
- Yes
Roofing
- Metal
- Yes
Floors
- Concrete
- Yes
- Vinyl
- Yes
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
- Yes
Business Type
- Retail
- Yes
Stories
- 1 Story
- Yes
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
- Yes
Heating
- Office Heated
- Yes
- 2 or More Units
- Yes
Cooling
- Central Air
- Yes
Interior Features
- Finished
- Yes
- Fire Sprinklers
- Yes
- Alarm System
- Yes
- Phone System
- Yes
- Private Restrooms
- Yes
Loading Facilities
- Grade Level
- Yes
Road Surface Type
- Asphalt
- Yes
Exterior
- Curb(s) & Gutter(s)
- Yes
- Building Sign
- Yes
- Sidewalk(s)
- Yes
- Monument Sign
- Yes
Source of Fincl Data
- Owner
- Yes
Traffic Count
- 25,001 to 35,000
- Yes
Fencing
- Block
- Yes
Water Source
- City Franchise
- Yes
Freeway/Highway
- 2.1 - 5 Miles
- Yes
Building Features
- Accessible Entrance
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Private
- Yes
- Paved
- Yes
Electric
- SRP
- Yes
- Underground
- Yes
- Over 220 Amp
- Yes
- 3 Phase Power
- Yes
Gas
- None
- Yes
New Financing
- Cash Only
- Yes
- Cash to Loan
- Yes
Special
- Owner/Agent
- Yes
- Incorporated Area
- Yes
Existing 1st Loan
- Private
- Yes
Existing 1st Loan Type
- Fixed
- Yes
Existing 1st Loan Terms
- Non Assumable
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
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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