505 W University Drive, Tempe, AZ 85281
$500,000
Property Type:
Comm/Industry Sale
Square Footage:
2,584
Lot Size (sq. ft.):
11,125
Status:
Closed
Current Price:
$500,000
List Date:
3/29/2013
Last Modified:
7/17/2013
Description
WELL-BUILT 2584 SQ FT OFFICE BUILDING LOCATED NEAR ASU AND DOWNTOWN TEMPE AS WELL AS 10 MINUTES FROM SKY HARBOR AIRPORT. ''COMMERCIAL SHOPPING AND SERVICES'' ZONING ALLOWS FOR MANY USES. EXCELLENT VISIBILITY ON A HIGH-TRAFFIC ROADWAY
More Information MLS# 4911893
Contract Info
Ownership: Fee Simple
Current Price: $500,000
Sold Price: $500,000
Status: Closed
List Date: 2013-03-26
Location, Tax & Legal
Assessor's Map #: 69
Assessor's Parcel #: 45
Add'l Parcels: No
Tax Municipality: Tempe
Taxes: 10615
Legal: The N 110 ft of Lots 1 and 2, and the N 110 ft of the E 25 ft of Lot 3, all in Block 2, GOODWIN HOMES
Map Code/Grid: R37
House Number: 505
Compass: W
Street Name: University
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
County Code: Maricopa
Assessor Number: 124-69-045
Tax Year: 2012
General Property Description
Ttl Apx SqFt Bldg: 2584
# of Buildings: 1
Uncvrd Parking Spcs: 13
Year Built: 1979
Zoning: CSS
Construction
Block: 1
Roofing
Foam: 1
Floors
Carpet: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Office: 1
Business Type
Professional/Office: 1
Stories
1 Story: 1
Pmt & Rate Info
Down Payment: 0
Equity: 525000
Total Owed: 0
Assessment Balance: 0
Ceiling Height
8 Feet or Less: 1
Heating
Electric: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Loading Facilities
None: 1
Exterior
Corner Lot: 1
Source of Fincl Data
Owner: 1
Traffic Count
25,001 to 35,000: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Building Features
Reception Room: 1
Sewer
Sewer - Public: 1
Parking Features
Paved: 1
Electric
APS: 1
Gas
None: 1
New Financing
Cash Only: 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
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 480-250-8515
Sold Info
Loan Type: Carryback
Loan Years: 5
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: University Dr. and Mill Ave.
Directions: Property is located on the SWC of Unversity Dr. and Wilson St. 1/3 mile West of Mill Ave.
Geo Lat: 33.421619
Geo Lon: -111.946071
Status Change Info
Off Market Date: 2013-07-17
Under Contract Date: 2013-06-05
Close of Escrow Date: 2013-07-15
Sold Price: $500,000
Property Features
Building Type: Office
Business Type: Professional/Office
Stories: 1 Story
Construction: Block
Roofing: Foam
Floors: Carpet
Ceiling Height: 8 Feet or Less
Cooling: Central Air
Loading Facilities: None
Interior Features: Finished
Exterior: Corner Lot
Fencing: Block
Building Features: Reception Room
Parking Features: Paved
Electric: APS
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only
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
Traffic Count: 25,001 to 35,000
Environmental: None
Listing Office:
Better Homes & Gardens Real Estate SJ Fowler
Last Updated: July - 17 - 2013
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