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

Overview

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.

Listing Details MLS# 6531049

Location, Tax & Legal

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
Country: US
County Code: Maricopa
Subdivision: LAKESHORE GARDENS
Assessor Number: 133-38-379
Tax Year: 2022

Contract Info

Ownership: Condominium

General Property Description

Ttl Apx SqFt Bldg: 4519
# of Buildings: Yes
Year Built: 1980
Uncvrd Parking Spcs: 10
Zoning: PCC-2

Status Change Info

Off Market Date: 2023-08-30
Under Contract Date: 2023-08-30
Close of Escrow Date: 2023-10-10

Income Expenses

Gross Annual Sch Inc: 90084
Net Operating Income: 58360

More Information

Sold Info

Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $

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

Office Phone: 602-513-5200

Office Email: mike.ciosek@kidder.com

Last Updated: October - 11 - 2023