600 E UNIVERSITY Drive, Mesa, AZ 85203

$815,000
Property Type: Comm/Industry Sale Square Footage: 4,256 Lot Size (sq. ft.): 8,018 Status: Closed
Current Price: $815,000 List Date: 9/25/2020 Last Modified: 3/02/2025

Overview

Description

• Freestanding Building • Built Out Dental Office • Investment Sale • Approximately +/- 4,256 SF • Sales Price: $840,000 or $197.37PSF • Cap Rate: 7.5% • Lease Term through March 2024 • Two, three year renewal options • Part of larger portfolio with 8256 E State Route 69, Prescott Valley, AZ & 407 N 4th St, Buckeye, AZ

Listing Details MLS# 6137484

Location, Tax & Legal

Map Code/Grid
Q39
House Number
600
Compass
E
Street Name
UNIVERSITY
St Suffix
Drive
City/Town Code
Mesa
State/Province
AZ
Zip Code
85203
Zip4
7927
Country
US
County Code
Maricopa
Subdivision
FARNSWORTH PLACE
Assessor Number
137-13-053
Tax Year
2020
Assessor's Map #
13
Legal Description (Abbrev)
LOT 16 FARNSWORTH PLACE MCR 003203
Assessor's Parcel #
53
Add'l Parcels
Yes
Tax Municipality
Mesa
Census Tract
420902
Taxes
5136
Legal
LOT 16 FARNSWORTH PLACE MCR 003203

Contract Info

Ownership
Other (See Remarks)

General Property Description

Ttl Apx SqFt Bldg
4256
# of Buildings
Yes
Year Built
1970
Uncvrd Parking Spcs
20
Zoning
R-4

Remarks Misc

Cross Street
E University Dr & N Olive

Status Change Info

Off Market Date
2020-12-18
Under Contract Date
2020-12-18
Close of Escrow Date
2021-01-15

Legal Info

Township
1N
Range
5E
Section
14
Lot Number
16

More Information

Income Expenses

Net Operating Income
63000

Sold Info

Loan Type
Conventional
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Construction

Other
Yes

Roofing

Composition
Yes

Floors

Other
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
5136
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Office
Yes

Business Type

Dental
Yes
Medical
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Cap Rate
7.5
Equity
840000
Total Owed
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Ceiling Height

8.1 Feet to 10 Feet
Yes

Heating

Other
Yes
See Remarks
Yes

Cooling

Other
Yes
See Remarks
Yes

Interior Features

Finished
Yes

Loading Facilities

None
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Fencing

None
Yes

Water Source

Other
Yes

Sewer

Other
Yes

Parking Features

Paved
Yes

Electric

Other (See Remarks)
Yes

Gas

Other (See Remarks)
Yes

New Financing

Other (See Remarks)
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Environmental

Other (See Remarks)
Yes

Property Features

Building Type: Office Business Type: Dental; Medical Stories: 1 Story Construction: Other Roofing: Composition Floors: Other Ceiling Height: 8.1 Feet to 10 Feet Heating: Other; See Remarks Cooling: Other; See Remarks Loading Facilities: None Interior Features: Finished Fencing: None Parking Features: Paved Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: Other Sewer: Other New Financing: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Source of Fincl Data: Other (See Remarks) Environmental: Other (See Remarks)
IDX
Listing Office: The Menlo Group Commercial Real Estate
Last Updated: March - 02 - 2025
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