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

Overview

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

Listing Details MLS# 6534606

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Assessor Number
139-38-004-A
Tax Year
2022
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

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Industrial
Ttl Apx SqFt Bldg
4001
# of Buildings
Yes
Year Built
1989
Volts/Amps
400 Amps
Uncvrd Parking Spcs
3
Zoning
DB-2

Remarks Misc

Cross Street
Broadway Road & Center Street

Status Change Info

Off Market Date
2023-06-24
Under Contract Date
2023-04-28
Close of Escrow Date
2023-06-23

Legal Info

Township
1N
Range
5E
Section
27
Lot Number
5

More Information

Bay Info

Bay Door Height
12
Bay Door Width
12

Income Expenses

Gross Annual Sch Inc
78000
Net Operating Income
78000

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

Foam
Yes

Floors

Concrete
Yes

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
Yes
Industrial
Yes
Office
Yes
Manufacturing
Yes
Distribution/Warehouse
Yes

Business Type

Professional/Office
Yes
Warehouse
Yes
Other
Yes
See Remarks
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Cap Rate
6.5
Equity
1200000
Total Owed
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Ceiling Height

12.1 Feet to 14 Feet
Yes

Heating

Heat Pump
Yes
Electric
Yes
Warehouse Heated
Yes

Cooling

Heat Pump
Yes
Office A/C
Yes
Warehouse A/C
Yes

Interior Features

Finished
Yes
Security Light(s)
Yes
Private Restrooms
Yes

Loading Facilities

Grade Level
Yes
Drive-in Door(s)
Yes

Exterior

Storage Yard
Yes
Roof Sign
Yes
Building Sign
Yes

Source of Fincl Data

Owner
Yes

Fencing

Block
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Private
Yes

Electric

City Electric
Yes
Over 220 Amp
Yes

Gas

None
Yes

New Financing

1031 Exchange
Yes
Other (See Remarks)
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

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
IDX
Listing Office: AFFIRE, LLC
Last Updated: May - 01 - 2025
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