4325 S 48th Street, Tempe, AZ 85282
$950,000
Property Type:
Comm/Industry Sale
Square Footage:
9,674
Lot Size (sq. ft.):
39,857
Status:
Closed
Current Price:
$950,000
List Date:
1/07/2019
Last Modified:
1/06/2025
Description
Well maintained neighborhood center. 6% cap rate with more upside potential. Do not disturb tenants. Shown by appointment only to qualified investors. Rent roll, leases and financials available. Call lister for details
More Information MLS# 5745881
Contract Info
Ownership: Fee Simple
Current Price: $950,000
Sold Price: $950,000
Status: Closed
List Date: 2018-04-03
Location, Tax & Legal
Assessor's Map #: 27
Assessor's Parcel #: 354
Add'l Parcels: No
Tax Municipality: Tempe
Taxes: 20898
Legal: TRACT A KNOELL GARDEN GROVES UNIT 3 LOT 280-374 TR A-C MCR 01861
Map Code/Grid: R36
House Number: 4325
Compass: S
Street Name: 48th
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
County Code: Maricopa
Assessor Number: 123-27-354
Tax Year: 2017
General Property Description
Type of Property: Multi Tenant Retail
Ttl Apx SqFt Bldg: 9674
Ttl Apx Net Rnt Spc: 7
# of Buildings: 1
Uncvrd Parking Spcs: 49
Year Built: 1988
Zoning: C2
Construction
Block: 1
Roofing
Built-Up: 1
Floors
Concrete: 1
Income & Expenses
Annual Elec Exp: 6584
Annual Gas Exp: 0
Annual Ins Exp: 3150
Annual Land Lse Exp: 0
Annual Landscape Exp: 3045
Annual Legal & Acctg: 0
Annual Maint Exp: 6000
Annual Mgmt Exp: 0
Annual Trash Exp: 3905
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: 43582
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 110498
Building Type
Commercial: 1
Business Type
Mixed: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 6.17
Down Payment: 0
Equity: 1100000
Total Owed: 0
Assessment Balance: 0
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Heat Pump: 1
Interior Features
Finished: 1
Loading Facilities
None: 1
Road Access Type
Dedicated Street: 1
Road Surface Type
Asphalt: 1
Exterior
Corner Lot: 1
Curb(s) & Gutter(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
Unknown: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Freeway/Highway
2.1 - 5 Miles: 1
Sewer
Sewer - Public: 1
Parking Features
Paved: 1
Electric
SRP: 1
Gas
SW Gas: 1
New Financing
Cash Only: 1
1031 Exchange: 1
Special
Owner/Agent: 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
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 623-225-7650
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 48th Street / Vineyard
Directions: 48th Street North of Baseline Road on NEC 48th St/Vineyard
Geo Lat: 33.385897
Geo Lon: -111.977917
Status Change Info
Off Market Date: 2019-01-24
Under Contract Date: 2019-01-23
Close of Escrow Date: 2019-03-19
Sold Price: $950,000
Legal Info
Lot Number: -
Income Expenses
Gross Annual Sch Inc: 110498
Net Operating Income: 67830
Property Features
Building Type: Commercial
Business Type: Mixed
Stories: 1 Story
Construction: Block
Roofing: Built-Up
Floors: Concrete
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Central Air; Heat Pump
Loading Facilities: None
Interior Features: Finished
Exterior: Corner Lot; Curb(s) & Gutter(s)
Fencing: Block
Parking Features: Paved
Road Access Type: Dedicated Street
Electric: SRP
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; 1031 Exchange
Special: Owner/Agent
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: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Road Surface Type: Asphalt
Traffic Count: Unknown
Environmental: None
Listing Office:
Pro Star Realty
Last Updated: January - 06 - 2025
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