5525 N 59TH Avenue, Glendale, AZ 85301
$1,381,000
Property Type:
Comm/Industry Sale
Square Footage:
6,377
Lot Size (sq. ft.):
18,000
Status:
Closed
Current Price:
$1,381,000
List Date:
7/25/2023
Last Modified:
12/01/2023
Description
Prime location frontage to 59th ave , high vehicle count. Two buildings with own office and separate electric meters. First large building 4,597 sqft consist of 7 bay doors, a storage closet and office suite with double bathroom. Second building 1,779 sqt has 3 bay doors with office suite and bathroom. Tenants on month to month, with owner user turn over at buyers need.
More Information MLS# 6584489
Contract Info
Ownership: Fee Simple
Current Price: $1,381,000
Sold Price: $1,381,000
Status: Closed
List Date: 2023-07-25
Location, Tax & Legal
Assessor's Map #: 32
Legal Description (Abbrev): E 150' OF W 215' OF N 120' OF S 310' OF SW4 NW4 .41 AC
Assessor's Parcel #: 1
Assessor Parcel Ltr: J
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 93104
Taxes: 11540
Legal: E 150' OF W 215' OF N 120' OF S 310' OF SW4 NW4 .41 AC
House Number: 5525
Compass: N
Street Name: 59TH
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 5804
County Code: Maricopa
Assessor Number: 144-32-001-J
Tax Year: 2022
General Property Description
Type of Property: Auto tire / mechanic service
Ttl Apx SqFt Bldg: 6377
Ttl Apx Net Rnt Spc: 6377
# of Buildings: 2
Uncvrd Parking Spcs: 23
Lot Size Dimensions: 120 ft x 149 ft
Flood Zone: No
Volts/Amps: 220
Year Built: 1986
Zoning: c2,c 2, c-2
Legal Info
Range: 2E
Section: 17
Township: 2N
Construction
Block: 1
Roofing
Rolled: 1
Floors
Concrete: 1
Bay Info
# of Bays: 7
# of Bay Doors: 7
Bay Door Height: 18
Bay Door Width: 32
Bay Size: double
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 6000
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: 6000
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 85500
Building Type
Commercial: 1
Business Type
Service Business: 1
Automobile: 1
Retail: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 5.34
Equity: 1600000
Total Owed: 0
Showing Notification Methods
Text: 1
Ceiling Height
16.1 Feet to 28 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Interior Features
Finished to Suit: 1
Security System: 1
Security Light(s): 1
Security Camera(s): 1
Alarm System: 1
Private Restrooms: 1
Loading Facilities
Grade Level: 1
Drive-in Door(s): 1
Road Surface Type
Asphalt: 1
Exterior
Building Sign: 1
Monument Sign: 1
Security Light(s): 1
Security Camera(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
35,001 to 50,000: 1
Fencing
Block: 1
Chain Link: 1
Water Source
City Franchise: 1
Freeway/Highway
1.1 - 2 Miles: 1
Sewer
Sewer - Public: 1
Railroad
Railroad 1 - 5 Miles: 1
Parking Features
Fenced: 1
Paved: 1
Electric
SRP: 1
Individual Meter: 1
220 Volts: 1
3 Phase Power: 1
Gas
None: 1
New Financing
1031 Exchange: 1
Existing 1st Loan
Private: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 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: 602-403-2222
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: 59th ave north of Missouri ave
Directions: 59th ave and north of Missouri ave, which is south of Bethany Home. Property on east side of 59th ave.
Geo Lat: 33.517505
Geo Lon: -112.185851
Status Change Info
Off Market Date: 2023-11-07
Under Contract Date: 2023-11-07
Close of Escrow Date: 2023-11-30
Sold Price: $1,381,000
Income Expenses
Gross Annual Sch Inc: 90000
Net Operating Income: 85500
Property Features
Building Type: Commercial
Business Type: Service Business; Automobile; Retail
Stories: 1 Story
Construction: Block
Roofing: Rolled
Floors: Concrete
Ceiling Height: 16.1 Feet to 28 Feet
Cooling: Central Air
Loading Facilities: Grade Level; Drive-in Door(s)
Interior Features: Finished to Suit; Security System; Security Light(s); Security Camera(s); Alarm System; Private Restrooms
Exterior: Building Sign; Monument Sign; Security Light(s); Security Camera(s)
Fencing: Block; Chain Link
Parking Features: Fenced; Paved
Electric: SRP; Individual Meter; 220 Volts; 3 Phase Power
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
Railroad: Railroad 1 - 5 Miles
New Financing: 1031 Exchange
Showing Notification Methods: Text
Source of Fincl Data: Owner
Existing 1st Loan: Private
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Road Surface Type: Asphalt
Traffic Count: 35,001 to 50,000
Environmental: None
Listing Office:
InHouseVIP
Last Updated: December - 01 - 2023
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