4921 S ALMA SCHOOL Road, Chandler, AZ 85248
$1,000,000
Property Type:
Comm/Industry Sale
Square Footage:
5,470
Lot Size (sq. ft.):
5,470
Status:
Closed
Current Price:
$1,000,000
List Date:
2/03/2017
Last Modified:
6/14/2018
Description
DESIRED CHANDLER LOCATION, PRIVATE OFFICE SUITES, PROMENADE COMMONS AT FULTON RANCH, FREE STANDING, SINGLE LEVEL OFFICE CONDO, LAKE VIEWS, BEAUTIFULLY DESIGNED AND RICHLY FINISHED, MOVE-IN READY, HIGHLY UPGRADED INTERIOR FINISHES, SLATE TILE FLOORS, NEUTRAL COLORS, PECAN WOOD CABINETS, WOOD BLINDS, 7 PRIVATE SUITES, CONFERENCE ROOM, WAITING/RECEPTION AREA, BREAK ROOM/KITCHEN, COMMON RESTROOMS, CALL AND MAKE YOUR TOUR APPOINTMENT WITH LISTING OWNER/AGENT, FIGS & MEAS APPROX
More Information MLS# 5556405
Contract Info
Ownership: Fee Simple
Current Price: $1,000,000
Sold Price: $1,000,000
Status: Closed
List Date: 2017-02-01
Location, Tax & Legal
Assessor's Map #: 48
Legal Description (Abbrev): LOT F113 TRACT F PROMENADE COMMONS AT FULTON RANCH CONDOMINIUM MCR 085639
Assessor's Parcel #: 959
Add'l Parcels: Yes
Tax Municipality: Chandler
Census Tract: 813000
Taxes: 9464.58
Legal: LOT F101,F105,F109 & F113 TRACT F PROMENADE COMMONS AT FULTON RANCH MCR 085639
Marketing Name: FULTON RANCH/OCOTILLO
Map Code/Grid: V38
House Number: 4921
Compass: S
Street Name: ALMA SCHOOL
St Suffix: Road
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85248
Zip4: 5633
County Code: Maricopa
Subdivision: PROMENADE COMMONS
Assessor Number: 303-48-959
Tax Year: 2016
General Property Description
Type of Property: COMMERCIAL
Ttl Apx SqFt Bldg: 5470
# of Buildings: 1
Uncvrd Parking Spcs: 10
Volts/Amps: 220
Year Built: 2006
Zoning: COMMERCIAL
Construction
Stucco: 1
Wood Frame: 1
Roofing
Built-Up: 1
Floors
Ceramic Tile: 1
Carpet: 1
Income & Expenses
Annual Elec Exp: 8207
Annual Gas Exp: 0
Annual Ins Exp: 628
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 620
Annual Maint Exp: 13535
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: Yes
Annual Ownr Asoc Fee: 14018
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 2438
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 121410
Building Type
Commercial: 1
Office: 1
Business Type
Professional/Office: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 7.39
Down Payment: 0
Equity: 1200000
Total Owed: 0
Assessment Balance: 0
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Electric: 1
2 or More Units: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Fire Sprinklers: 1
Smoke Detector(s): 1
Security Light(s): 1
Private Restrooms: 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1
Exterior
Landscaping: 1
Building Sign: 1
Security Light(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
Unknown: 1
Fencing
None: 1
Water Source
City Franchise: 1
Freeway/Highway
2.1 - 5 Miles: 1
Building Features
Conference Room: 1
Reception Room: 1
Kitchen: 1
Computer Room: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Parking Structure: 1
Parking Lot: 1
Private: 1
Electric
SRP: 1
Individual Meter: 1
Over 220 Amp: 1
Gas
None: 1
New Financing
Cash Only: 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
Treat as Free&Clear: 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
CC&R's: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
ALTA Survey Availbl: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Phase I Available: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-369-6000
Sold Info
Loan Type: Conventional
Loan Years: 15
Payment Type: Adjustable
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: ALMA SCHOOL & OCOTILLO
Directions: SOUTH TO FULTON RANCH BLVD, EAST TO 1ST RIGHT, OVER BRIDGE TO PROPERTY. ACROSS THE PARKING LOT FROM FIRST WATCH RESTAURANT.
Geo Lat: 33.236255
Geo Lon: -111.857882
Status Change Info
Off Market Date: 2017-09-01
Under Contract Date: 2017-06-05
Close of Escrow Date: 2017-08-31
Sold Price: $1,000,000
Legal Info
Lot Number: F101,F105,F109,F113
Income Expenses
Gross Annual Sch Inc: 127800
Net Operating Income: 88654
Property Features
Building Type: Commercial; Office
Business Type: Professional/Office
Stories: 1 Story
Construction: Stucco; Wood Frame
Roofing: Built-Up
Floors: Ceramic Tile; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: 2 or More Units
Cooling: Central Air
Loading Facilities: None
Interior Features: Finished; Fire Sprinklers; Smoke Detector(s); Security Light(s); Private Restrooms
Exterior: Landscaping; Building Sign; Security Light(s)
Fencing: None
Building Features: Conference Room; Reception Room; Kitchen; Computer Room
Parking Features: Parking Structure; Parking Lot; Private
Electric: SRP; Individual Meter; Over 220 Amp
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
New Financing: Cash Only
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: 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
Traffic Count: Unknown
Use Restrictions: CC&R's
Environmental: Phase I Available
Listing Office:
RE/MAX Masters
Last Updated: June - 14 - 2018
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