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
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
More Information MLS# 6137484
Contract Info
Ownership: Other (See Remarks)
Current Price: $815,000
Sold Price: $815,000
Status: Closed
List Date: 2020-09-25
Location, Tax & Legal
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
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
County Code: Maricopa
Subdivision: FARNSWORTH PLACE
Assessor Number: 137-13-053
Tax Year: 2020
General Property Description
Ttl Apx SqFt Bldg: 4256
# of Buildings: 1
Uncvrd Parking Spcs: 20
Year Built: 1970
Zoning: R-4
Legal Info
Range: 5E
Section: 14
Township: 1N
Lot Number: 16
Construction
Other: 1
Roofing
Composition: 1
Floors
Other: 1
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: 1
Business Type
Dental: 1
Medical: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 7.5
Equity: 840000
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Other: 1
See Remarks: 1
Cooling
Other: 1
See Remarks: 1
Interior Features
Finished: 1
Loading Facilities
None: 1
Source of Fincl Data
Other (See Remarks): 1
Fencing
None: 1
Water Source
Other: 1
Sewer
Other: 1
Parking Features
Paved: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Sold Info
Loan Type: Conventional
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: E University Dr & N Olive
Geo Lat: 33.422631
Geo Lon: -111.818319
Status Change Info
Off Market Date: 2020-12-18
Under Contract Date: 2020-12-18
Close of Escrow Date: 2021-01-15
Sold Price: $815,000
Income Expenses
Net Operating Income: 63000
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)
Listing Office:
The Menlo Group Commercial Real Estate
Last Updated: March - 02 - 2025
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