505 W RAY Road, Chandler, AZ 85225

$750,000
Property Type: Comm/Industry Sale Square Footage: 3,770 Lot Size (sq. ft.): 8,792 Status: Closed
Current Price: $750,000 List Date: 11/19/2021 Last Modified: 7/10/2023

Overview

Description

Absolute great opportunity to own a multi-suite office complex in the heart of the booming central Chandler area. Investment or primary ownership opportunity to acquire a great passive investment!

Listing Details MLS# 6323564

Location, Tax & Legal

Map Code/Grid
T38
House Number
505
Compass
W
Street Name
RAY
St Suffix
Road
City/Town Code
Chandler
State/Province
AZ
Zip Code
85225
Zip4
7283
Country
US
County Code
Maricopa
Subdivision
ROOSEN PARK
Assessor Number
302-75-141-A
Tax Year
2021

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
3770
# of Buildings
Yes
Year Built
1984
Uncvrd Parking Spcs
12
Zoning
commercial

Remarks Misc

Cross Street
Ray Road & Hartford
Directions
Head East on Ray road, until you pass the half mile light of hartford which is between Alma School & Arizona Avenue. Property is located on the south side of Ray Road.

Status Change Info

Off Market Date
2022-04-02
Under Contract Date
2022-01-13
Close of Escrow Date
2022-04-01

Legal Info

Township
1S
Range
5E
Section
28
Lot Number
14

More Information

Income Expenses

Gross Annual Sch Inc
57600
Net Operating Income
15000

Sold Info

Loan Type
Carryback
Loan Years
5
Payment Type
Fixed
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Building Type: Commercial; Office Business Type: Dental; Service Business; Medical; Professional/Office; Retail Stories: 1 Story Construction: Block; Wood Frame; Brick Roofing: Foam; Rolled Floors: Other Ceiling Height: 8 Feet or Less; 10.1 Feet to 12 Feet Cooling: Central Air Loading Facilities: None Interior Features: Finished; Fire Sprinklers; Smoke Detector(s) Exterior: Landscaping; Building Sign; Security Light(s) Fencing: None Building Features: Reception Room; Showers - Office Parking Features: Free; Parking Lot; Private; Paved Electric: SRP Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Owner May Carry; 1031 Exchange; Lease Option; Sale/Leaseback Lockbox Type: None 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 Environmental: None
IDX
Listing Office: Infinity & Associates Real Estate
Office Phone: 480-821-4232
Office Email: ryanwhyteteam@gmail.com
Last Updated: July - 10 - 2023
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.