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
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
More Information MLS# 6035810
Contract Info
Ownership: Other (See Remarks)
Current Price: $1,100,000
Sold Price: $1,100,000
Status: Closed
List Date: 2020-02-11
Location, Tax & Legal
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
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
County Code: Maricopa
Subdivision: ARBOR MEDICAL CENTER CONDOMINIUM
Assessor Number: 141-57-128
Tax Year: 2019
General Property Description
Ttl Apx SqFt Bldg: 4000
# of Buildings: 1
Uncvrd Parking Spcs: 14
Year Built: 2004
Zoning: NC
Legal Info
Range: 6E
Section: 24
Township: 1N
Lot Number: 111
Construction
Other: 1
Roofing
Other: 1
Floors
Other: 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: 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: 1
Business Type
Dental: 1
Medical: 1
Professional/Office: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 6.73
Down Payment: 0
Equity: 1100000
Total Owed: 0
Assessment Balance: 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
Other (See Remarks): 1
Loading Facilities
Other (See Remarks): 1
Source of Fincl Data
Other (See Remarks): 1
Fencing
See Remarks: 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
Existing 1st Loan
Other (See Rmks): 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Other (See Remarks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Other (See Remarks): 1
Existing Othr Ln Trm
Not Applicable: 1
Sold Info
Loan Type: Exchange
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 Arbor Ave & S 63rd St
Geo Lat: 33.412089
Geo Lon: -111.69511
Status Change Info
Off Market Date: 2020-02-24
Under Contract Date: 2020-02-24
Close of Escrow Date: 2020-04-10
Sold Price: $1,100,000
Income Expenses
Net Operating Income: 74000
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)
Listing Office:
The Menlo Group Commercial Real Estate
Last Updated: February - 16 - 2025
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