414 S GRAND, Mesa, AZ 85210
$1,100,000
Property Type:
Comm/Industry Sale
Square Footage:
4,001
Lot Size (sq. ft.):
12,310
Status:
Closed
Current Price:
$1,100,000
List Date:
6/08/2023
Last Modified:
5/01/2025
Description
The 414 South Grand property is a freestanding 4,000 SF industrial building with a private fenced yard. It is located in Mesa, Arizona on Broadway Road between Country Club Drive & Center Street. Access to State Route 87, the US-60, and Loop 202 Red Mountain Freeway. With rental income in place and recent exterior & interior improvements, this investment property offers stabilized income through January 2026.
- NNN Lease
- New exterior LED lighting
-Brand new roof
- Two new 5-ton HVAC systems for the warehouse
More Information MLS# 6534606
Contract Info
Ownership: Fee Simple
Current Price: $1,100,000
Sold Price: $1,100,000
Status: Closed
List Date: 2023-03-22
Location, Tax & Legal
Assessor's Map #: 38
Legal Description (Abbrev): LOT 5 STEWART ADD TO MESA EXT MCR 000834
Assessor's Parcel #: 4
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Mesa
Taxes: 5102
Legal: LOT 5 STEWART ADD TO MESA EXT MCR 000834
Marketing Name: NNN Investment Sale
Map Code/Grid: R39
House Number: 414
Compass: S
Street Name: GRAND
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 2426
County Code: Maricopa
Assessor Number: 139-38-004-A
Tax Year: 2022
General Property Description
Type of Property: Industrial
Ttl Apx SqFt Bldg: 4001
# of Buildings: 1
Uncvrd Parking Spcs: 3
Volts/Amps: 400 Amps
Year Built: 1989
Zoning: DB-2
Legal Info
Range: 5E
Section: 27
Township: 1N
Lot Number: 5
Construction
Block: 1
Roofing
Foam: 1
Floors
Concrete: 1
Bay Info
Bay Door Height: 12
Bay Door Width: 12
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 5102
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 78000
Building Type
Commercial: 1
Industrial: 1
Office: 1
Manufacturing: 1
Distribution/Warehouse: 1
Business Type
Professional/Office: 1
Warehouse: 1
Other: 1
See Remarks: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 6.5
Equity: 1200000
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
12.1 Feet to 14 Feet: 1
Heating
Heat Pump: 1
Electric: 1
Warehouse Heated: 1
Cooling
Heat Pump: 1
Office A/C: 1
Warehouse A/C: 1
Interior Features
Finished: 1
Security Light(s): 1
Private Restrooms: 1
Loading Facilities
Grade Level: 1
Drive-in Door(s): 1
Exterior
Storage Yard: 1
Roof Sign: 1
Building Sign: 1
Source of Fincl Data
Owner: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Private: 1
Electric
City Electric: 1
Over 220 Amp: 1
Gas
None: 1
New Financing
1031 Exchange: 1
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 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: Broadway Road & Center Street
Geo Lat: 33.407328
Geo Lon: -111.835503
Status Change Info
Off Market Date: 2023-06-24
Under Contract Date: 2023-04-28
Close of Escrow Date: 2023-06-23
Sold Price: $1,100,000
Income Expenses
Gross Annual Sch Inc: 78000
Net Operating Income: 78000
Property Features
Building Type: Commercial; Industrial; Office; Manufacturing; Distribution/Warehouse
Business Type: Professional/Office; Warehouse; Other; See Remarks
Stories: 1 Story
Construction: Block
Roofing: Foam
Floors: Concrete
Ceiling Height: 12.1 Feet to 14 Feet
Heating: Heat Pump; Warehouse Heated
Cooling: Office A/C; Warehouse A/C; Heat Pump
Loading Facilities: Grade Level; Drive-in Door(s)
Interior Features: Finished; Security Light(s); Private Restrooms
Exterior: Storage Yard; Roof Sign; Building Sign
Fencing: Block
Parking Features: Private
Electric: City Electric; Over 220 Amp
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: 1031 Exchange; Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Environmental: None
Listing Office:
AFFIRE, LLC
Last Updated: May - 01 - 2025
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