4653 S LAKESHORE Drive, Tempe, AZ 85282
$830,000
Property Type:
Comm/Industry Sale
Square Footage:
4,519
Lot Size (sq. ft.):
15,256
Status:
Closed
Current Price:
$830,000
List Date:
3/13/2023
Last Modified:
10/11/2023
Description
100% Occupied (2 tenants) Medical Office Investment Offering. The current tenants, BodyWise Chiropractic (Tenant since 2013, lease extends to 9/30/2026)and Vitality Internal Medicine (Tenant since 2011, lease extends to 9/1/2027) are both established medical practices with dedicated clientele and long term occupancy leases within the established and centrally located Lakeshore Gardens professional plaza. Over $100k in recent improvements/Tis have been spent within the subject property in recent years, and a landscaping makeover is about to commence, per owner.
The subject building is located within the professionally managed Lakeshore Gardens Professional Plaza, a 5-building condominium project located in the heart of Tempe, Az.
More Information MLS# 6531049
Contract Info
Ownership: Condominium
Current Price: $830,000
Sold Price: $830,000
Status: Closed
List Date: 2023-03-13
Location, Tax & Legal
Assessor's Map #: 38
Legal Description (Abbrev): LOT A LAKESHORE GARDENS MCR 020602
Assessor's Parcel #: 379
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319401
Taxes: 7635
Legal: LOT A LAKESHORE GARDENS MCR 020602
Map Code/Grid: R37
House Number: 4653
Compass: S
Street Name: LAKESHORE
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 7161
County Code: Maricopa
Subdivision: LAKESHORE GARDENS
Assessor Number: 133-38-379
Tax Year: 2022
General Property Description
Ttl Apx SqFt Bldg: 4519
# of Buildings: 1
Uncvrd Parking Spcs: 10
Year Built: 1980
Zoning: PCC-2
Construction
Other: 1
Roofing
Other: 1
Floors
Other: 1
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 6000
Operating Exp: 13635
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 90084
Building Type
Commercial: 1
Business Type
Dental: 1
Medical: 1
Professional/Office: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 6.5
Equity: 898000
Total Owed: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Ceiling Height
12.1 Feet to 14 Feet: 1
Heating
See Remarks: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Private Restrooms: 1
Loading Facilities
None: 1
Source of Fincl Data
Owner: 1
Fencing
None: 1
Water Source
City Franchise: 1
Other: 1
Sewer
Sewer - Public: 1
Parking Features
Paved: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
New Financing
Cash Only: 1
Other (See Remarks): 1
Reports/Disclosures
None: 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
Geo Lat: 33.381617
Geo Lon: -111.922884
Status Change Info
Off Market Date: 2023-08-30
Under Contract Date: 2023-08-30
Close of Escrow Date: 2023-10-10
Sold Price: $830,000
Income Expenses
Gross Annual Sch Inc: 90084
Net Operating Income: 58360
Property Features
Building Type: Commercial
Business Type: Dental; Medical; Professional/Office
Stories: 1 Story
Construction: Other
Roofing: Other
Floors: Other
Ceiling Height: 12.1 Feet to 14 Feet
Heating: See Remarks
Cooling: Central Air
Loading Facilities: None
Interior Features: Finished; Private Restrooms
Fencing: None
Parking Features: Paved
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water Source: City Franchise; Other
Sewer: Sewer - Public
New Financing: Cash Only; Other (See Remarks)
Showing Notification Methods: Text
Lockbox Type: None
Source of Fincl Data: Owner
Environmental: None
Listing Office:
Kidder Mathews
Last Updated: October - 11 - 2023
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