4310 -4322 N 43rd Avenue, Glendale, AZ 85301
$1,465,000
Property Type:
Comm/Industry Sale
Square Footage:
9,787
Lot Size (sq. ft.):
63,024
Status:
Closed
Current Price:
$1,465,000
List Date:
5/05/2023
Last Modified:
6/22/2023
Description
Do not bother tenants without contacting Joe Hume (List Agent).
The offering consists of 3 free standing buildings. Auto repair, Hot Pizza/wings restaurant and a Polibertos mexican food.
More Information MLS# 6552773
Contract Info
Ownership: Fee Simple
Current Price: $1,465,000
Sold Price: $1,465,000
Status: Closed
List Date: 2023-05-01
Location, Tax & Legal
Building Number: 4310, 4318, 4322
Assessor's Map #: 8
Legal Description (Abbrev): S2 SE4 SE4 SE4 SEC 4 EX W 321.42F P/F 07-1317614 & EX E 40F & EX BEG 40F W & 40F N OF SE COR SD SEC
Assessor's Parcel #: 10
Assessor Parcel Ltr: D
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 92402
Taxes: 22343
Legal: S2 SE4 SE4 SE4 SEC 4 EX W 321.42F P/F 07-1317614 & EX E 40F & EX BEG 40F W & 40F N OF SE COR SD SEC
Map Code/Grid: N32
House Number: 4310 -4322
Compass: N
Street Name: 43rd
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 7603
County Code: Maricopa
Subdivision: NWC 43rd Avenue and Glendale Avenue
1.45 acres
Assessor Number: 147-08-010-D
Tax Year: 2022
General Property Description
Type of Property: Commercial - C-3
Ttl Apx SqFt Bldg: 9787
Ttl Apx Net Rnt Spc: 148351
# of Buildings: 3
Uncvrd Parking Spcs: 60
Flood Zone: No
Year Built: 2000
Zoning: C-3
Legal Info
Range: 2E
Section: 4
Township: 2N
Lot Number: 147-08-010D
Construction
Block: 1
Stucco: 1
Wood Frame: 1
Roofing
Foam: 1
Floors
Concrete: 1
Income & Expenses
Annual Ins Exp: 1000
Annual Landscape Exp: 500
Annual Maint Exp: 8500
Annual Mgmt Exp: 4000
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Rplcmnt Rsrvs: 1000
Annual Other Expense: 22343
Other Income: 4469
Vacancy Allowance: 0.05
Adjusted Gross Inc: 138132.85
Building Type
Commercial: 1
Business Type
Automobile: 1
Restaurant: 1
Fast Food: 1
Food Service: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 7.14
Down Payment: 1450000
Equity: 1450000
1st Encumbrance: 0
1st Interest Rate: 0
1st Payment: 0
1st Payment Freq: None
2nd Encumbrance: 0
2nd Payment: 0
2nd Payment Freq: None
3rd Encumbrance: 0
3rd Payment: 0
3rd Payment Freq: None
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
10.1 Feet to 12 Feet: 1
Heating
Other: 1
Cooling
Other: 1
Interior Features
Other (See Remarks): 1
Loading Facilities
Other (See Remarks): 1
Road Access Type
Dedicated Street: 1
Road Surface Type
Asphalt: 1
Exterior
Corner Lot: 1
Sidewalk(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
25,001 to 35,000: 1
Fencing
Other: 1
Water Source
Individual Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Parking Lot: 1
Paved: 1
Electric
Individual Meter: 1
Gas
Other (See Remarks): 1
New Financing
Cash Only: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Use Restrictions
Currently Leased: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Boundary Survey Avlb: 1
ALTA Survey Availbl: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Phase I Available: 1
Phase II Available: 1
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 480-968-4236
Sold Info
Loan Type: Conventional
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: Glendale & 43rd Avenue
Directions: NWC 43rd Ave, and Glendale Ave.
Geo Lat: 33.538888
Geo Lon: -112.152111
Status Change Info
Off Market Date: 2023-05-09
Under Contract Date: 2023-05-09
Close of Escrow Date: 2023-06-21
Sold Price: $1,465,000
Income Expenses
Gross Annual Sch Inc: 140934
Net Operating Income: 103591
Property Features
Building Type: Commercial
Business Type: Automobile; Restaurant; Fast Food; Food Service
Stories: 1 Story
Construction: Block; Stucco; Wood Frame
Roofing: Foam
Floors: Concrete
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Other
Cooling: Other
Loading Facilities: Other (See Remarks)
Interior Features: Other (See Remarks)
Exterior: Corner Lot; Sidewalk(s)
Fencing: Other
Parking Features: Free; Parking Lot; Paved
Road Access Type: Dedicated Street
Electric: Individual Meter
Gas: Other (See Remarks)
Water Source: Individual Meter
Sewer: Sewer - Public
New Financing: Cash Only
Showing Notification Methods: Phone Call
Lockbox Type: None
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 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
Use Restrictions: Currently Leased
Environmental: Phase I Available; Phase II Available; None
Listing Office:
Arcadia Realty Inc
Last Updated: June - 22 - 2023
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