424 W Gemini Drive, Tempe, AZ 85283 (MLS# 4792567)

424 W Gemini Drive, Tempe, AZ 85283

$585,000

Plastic Sheeting divides Production/Ware

Property Type: Comm/Industry Sale Square Footage: 9,746 Lot Size (sq. ft.): 28,131 Status: Closed

Current Price: $585,000 List Date: 7/22/2012 Last Modified: 10/28/2014

Overview

Description

Freestanding Industrial building formerly used for manufacturing. Office section includes 4 private offices, restroom, reception. Balance of the building is manufacturing space and warehouse. 3 manual roll up doors, 2 of which are over-sized. Mature landscaping and large fenced lot. Ground Level loading and exterior lighting. 5 Coolers in manufacturing/warehouse space, 4 of which are brand new and remainder is rebuilt. Offices A/C cooled. Storage Mezzanine.

Listing Details MLS# 4792567

Location, Tax & Legal

Map Code/Grid: S37
House Number: 424
Compass: W
Street Name: Gemini
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85283
Country: US
County Code: Maricopa
Subdivision: Kyrene Business Park Lot 1-176 & TR A
Assessor Number: 301-82-020
Tax Year: 2011
Assessor's Map #: 82
Legal Description (Abbrev): Kyrene Bus Park Lt 01-17 & Tr A
Assessor's Parcel #: 20
Add'l Parcels: No
Tax Municipality: Tempe
Taxes: 12721
Legal: Kyrene Business Park MCR 197-42

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Commerical; Industrial: Manuf.
Ttl Apx SqFt Bldg: 9746
# of Buildings: Yes
Year Built: 1979
Uncvrd Parking Spcs: 28
Zoning: I-1

Remarks Misc

Cross Street: Kyrene and Guadalupe
Directions: From I-10 take the Guadalupe Road Exit East a little over a mile to Kyrene. North on Kyrene 1 street to Gemini. Head East on Gemini to Property on North side of road. Sell Lister's Sign

Status Change Info

Off Market Date: 2012-12-14
Under Contract Date: 2012-11-01
Close of Escrow Date: 2012-12-17

Legal Info

Lot Number: 16

More Information

Sold Info

Loan Type: SBA
Loan Years: 20
Payment Type: Fixed
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
Rolled: Yes

Floors

Concrete: Yes
Vinyl: Yes

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: 12721
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes
Industrial: Yes
Manufacturing: Yes
Distribution/Warehouse: Yes

Business Type

Professional/Office: Yes
Warehouse: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Down Payment: 0
Equity: 633490
Total Owed: 0
Assessment Balance: 0

Ceiling Height

8.1 Feet to 10 Feet: Yes
16.1 Feet to 28 Feet: Yes

Heating

Heat Pump: Yes
Electric: Yes
Office Heated: Yes

Cooling

Office A/C: Yes
Warehouse Evap: Yes

Interior Features

Finished: Yes
Security Light(s): Yes
Private Restrooms: Yes

Loading Facilities

Grade Level: Yes

Road Surface Type

Asphalt: Yes

Exterior

Sprinkler System-Ground: Yes
Landscaping: Yes
Storage Yard: Yes
Curb(s) & Gutter(s): Yes
Security Light(s): Yes

Source of Fincl Data

Owner: Yes

Fencing

Block: Yes
Chain Link: Yes

Water Source

City Franchise: Yes

Freeway/Highway

1.1 - 2 Miles: Yes

Building Features

Conference Room: Yes
Reception Room: Yes
Kitchen: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

Fenced: Yes
Free: Yes
Private: Yes
Paved: Yes

Electric

SRP: Yes
Over 220 Amp: Yes
3 Phase Power: Yes

Gas

None: Yes

New Financing

Cash Only: Yes
Lease: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: 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; Industrial; Manufacturing; Distribution/Warehouse Business Type: Professional/Office; Warehouse Stories: 1 Story Construction: Block Roofing: Foam; Rolled Floors: Concrete; Vinyl Ceiling Height: 8.1 Feet to 10 Feet; 16.1 Feet to 28 Feet Heating: Heat Pump; Office Heated Cooling: Office A/C; Warehouse Evap Loading Facilities: Grade Level Interior Features: Finished; Security Light(s); Private Restrooms Exterior: Sprinkler System-Ground; Landscaping; Storage Yard; Curb(s) & Gutter(s); Security Light(s) Fencing: Block; Chain Link Building Features: Conference Room; Reception Room; Kitchen Parking Features: Fenced; Free; Private; Paved Electric: SRP; Over 220 Amp; 3 Phase Power Gas: None Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected New Financing: Cash Only; Lease Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable 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 Environmental: None

Listing Office: US Preferred Realty

Last Updated: October - 28 - 2014