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
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
- Assessor's Map #
- 75
- Legal Description (Abbrev)
- LOT 14 ROOSEN PARK MCR 013612
- Assessor's Parcel #
- 141
- Assessor Parcel Ltr
- A
- Add'l Parcels
- No
- Tax Municipality
- Chandler
- Census Tract
- 523002
- Taxes
- 6556
- Legal
- LOT 14 ROOSEN PARK MCR 013612
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 $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Construction
- Block
- Yes
- Brick
- Yes
- Wood Frame
- Yes
Roofing
- Foam
- Yes
- Rolled
- Yes
Floors
- Other
- Yes
Income & Expenses
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 57600
Building Type
- Commercial
- Yes
- Office
- Yes
Business Type
- Dental
- Yes
- Service Business
- Yes
- Medical
- Yes
- Professional/Office
- Yes
- Retail
- Yes
Stories
- 1 Story
- Yes
Pmt & Rate Info
- Cap Rate
- 1.76
- Equity
- 850000
- Total Owed
- 0
Lockbox Type
- None
- Yes
Ceiling Height
- 8 Feet or Less
- Yes
- 10.1 Feet to 12 Feet
- Yes
Heating
- Electric
- Yes
Cooling
- Central Air
- Yes
Interior Features
- Finished
- Yes
- Fire Sprinklers
- Yes
- Smoke Detector(s)
- Yes
Loading Facilities
- None
- Yes
Exterior
- Landscaping
- Yes
- Building Sign
- Yes
- Security Light(s)
- Yes
Source of Fincl Data
- Owner
- Yes
Fencing
- None
- Yes
Water Source
- City Franchise
- Yes
Freeway/Highway
- 1.1 - 2 Miles
- Yes
Building Features
- Reception Room
- Yes
- Showers - Office
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Free
- Yes
- Parking Lot
- Yes
- Private
- Yes
- Paved
- Yes
Electric
- SRP
- Yes
Gas
- SW Gas
- Yes
New Financing
- Cash Only
- Yes
- Owner May Carry
- Yes
- 1031 Exchange
- Yes
- Lease Option
- Yes
- Sale/Leaseback
- Yes
Special
- Owner/Agent
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Environmental
- None
- Yes
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
Listing Office:
Infinity & Associates Real Estate
Last Updated: July - 10 - 2023
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