6242 E ARBOR Avenue, Mesa, AZ 85206

$1,100,000
Property Type: Comm/Industry Sale Square Footage: 4,000 Lot Size (sq. ft.): 1,901 Status: Closed
Current Price: $1,100,000 List Date: 2/11/2020 Last Modified: 2/16/2025

Overview

Description

• 100% Occupied Medical Office • Hatfield Medical Group • Seven Year Lease through February 2027 • Absolute NNN Lease • Minutes from Banner Baywood Medical Center and surrounded by Medical Businesses • Zoned NC - City of Mesa • APNs 141-57-128 & 141-57-129

Listing Details MLS# 6035810

Location, Tax & Legal

Map Code/Grid
R41
House Number
6242
Compass
E
Street Name
ARBOR
St Suffix
Avenue
City/Town Code
Mesa
State/Province
AZ
Zip Code
85206
Zip4
1309
Country
US
County Code
Maricopa
Subdivision
ARBOR MEDICAL CENTER CONDOMINIUM
Assessor Number
141-57-128
Tax Year
2019
Building Number
3
Assessor's Map #
57
Legal Description (Abbrev)
LOT 111 ARBOR MEDICAL CENTER CONDOMINIUM MCR 067517
Assessor's Parcel #
128
Add'l Parcels
Yes
Tax Municipality
Mesa
Census Tract
422625
Taxes
4604
Legal
LOT 111 ARBOR MEDICAL CENTER CONDOMINIUM MCR 067517

Contract Info

Ownership
Other (See Remarks)

General Property Description

Ttl Apx SqFt Bldg
4000
# of Buildings
Yes
Year Built
2004
Uncvrd Parking Spcs
14
Zoning
NC

Remarks Misc

Cross Street
E Arbor Ave & S 63rd St

Status Change Info

Off Market Date
2020-02-24
Under Contract Date
2020-02-24
Close of Escrow Date
2020-04-10

Legal Info

Township
1N
Range
6E
Section
24
Lot Number
111

More Information

Income Expenses

Net Operating Income
74000

Sold Info

Loan Type
Exchange
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

Other
Yes

Floors

Other
Yes

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
Yes
Annual Ownr Asoc Fee
954
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
5558
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Office
Yes

Business Type

Dental
Yes
Medical
Yes
Professional/Office
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Cap Rate
6.73
Down Payment
0
Equity
1100000
Total Owed
0
Assessment Balance
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

Other (See Remarks)
Yes

Loading Facilities

Other (See Remarks)
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Fencing

See Remarks
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

Existing 1st Loan

Other (See Rmks)
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Other (See Remarks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Other (See Remarks)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

Other (See Remarks)
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Building Type: Office Business Type: Dental; Medical; Professional/Office Stories: 1 Story Construction: Other Roofing: Other Floors: Other Ceiling Height: 8.1 Feet to 10 Feet Heating: Other; See Remarks Cooling: Other; See Remarks Loading Facilities: Other (See Remarks) Interior Features: Other (See Remarks) Fencing: See Remarks 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) Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Environmental: Other (See Remarks)
IDX
Listing Office: The Menlo Group Commercial Real Estate
Last Updated: February - 16 - 2025
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