6828 E BROWN Road 102, Mesa, AZ 85207

$1,075,000
Property Type: Comm/Industry Sale Square Footage: 7,420 Lot Size (sq. ft.): 4,414 Status: Closed
Current Price: $1,075,000 List Date: 12/19/2019 Last Modified: 3/13/2020

Overview

Description

Investment opportunity! This medical office unit has been divided into two suites with building signage. This building is part of a 12-building complex located at Power Rd. and Brown Rd. 100% occupied to 2 credible medical practitioners that have been in the building since 2007. Buildings in complex feature concrete tile roofs, HVAC systems, as well as a fire sprinkler system. Close proximity to Red Mountain Loop 202. 1 mile from Banner Baywood Hospital. PLEASE CONTACT BROKER FOR OFFERING INFORMATION

Listing Details MLS# 6015900

Location, Tax & Legal

Map Code/Grid
Q42
House Number
6828
Compass
E
Street Name
BROWN
St Suffix
Road
City/Town Code
Mesa
State/Province
AZ
Zip Code
85207
Zip4
3761
Country
US
County Code
Maricopa
Subdivision
RED MOUNTAIN PROFESSIONAL PARK
Assessor Number
218-04-095-E
Tax Year
2018
Unit #
102
Assessor's Map #
4
Legal Description (Abbrev)
RED MOUNTAIN PROFESSIONAL PARK MCR 506-25 TH PT LOT 2 DAF COM SW COR SD LOT 2 TH E ALG S LN SD LOT 2
Assessor's Parcel #
95
Assessor Parcel Ltr
E
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
420105
Taxes
6119
Legal
RED MOUNTAIN PROFESSIONAL PARK MCR 506-25 TH PT LOT 2 DAF COM SW COR SD LOT 2 TH E ALG S LN SD LOT 2

Contract Info

Ownership
Condominium

General Property Description

Ttl Apx SqFt Bldg
7420
# of Buildings
Yes
Year Built
2003
Uncvrd Parking Spcs
2
Zoning
LC

Remarks Misc

Cross Street
Power Road and Brown Road
Directions
Located on the NEC of Power Road and Brown Road in the Red Mountain Professional Park. +/- 1 mile from Red Mountain Loop 202 Freeway.

Status Change Info

Off Market Date
2020-03-13
Under Contract Date
2020-01-10
Close of Escrow Date
2020-02-24

Legal Info

Township
1N
Range
7E
Section
7
Lot Number
2

More Information

Income Expenses

Net Operating Income
70550

Sold Info

Loan Type
Cash
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession to Seller
3
Buyer Concession $/%
%
Seller Concession to Buyer
3
Seller Concession $/%
%

Construction

Block
Yes
Stucco
Yes

Roofing

Tile
Yes

Floors

Carpet
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
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
6119
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
6
Down Payment
0
Equity
1175000
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Phone Call
Yes

Lockbox Type

None
Yes

Ceiling Height

12.1 Feet to 14 Feet
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Interior Features

Fire Sprinklers
Yes

Loading Facilities

None
Yes

Exterior

Landscaping
Yes
Monument Sign
Yes

Source of Fincl Data

Owner
Yes

Fencing

None
Yes

Water Source

None
Yes

Sewer

Sewer - Public
Yes

Parking Features

Parking Structure
Yes
Parking Lot
Yes
Private
Yes

Electric

None
Yes

Gas

None
Yes

New Financing

Sale/Leaseback
Yes

Existing 1st Loan

Other (See Rmks)
Yes

Existing 1st Loan Type

Fixed
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

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Building Type: Office Business Type: Dental; Medical Stories: 1 Story Construction: Block; Stucco Roofing: Tile Floors: Carpet Ceiling Height: 12.1 Feet to 14 Feet Cooling: Central Air Loading Facilities: None Interior Features: Fire Sprinklers Exterior: Landscaping; Monument Sign Fencing: None Parking Features: Parking Structure; Parking Lot; Private Electric: None Gas: None Water Source: None Sewer: Sewer - Public New Financing: Sale/Leaseback Showing Notification Methods: Phone Call Lockbox Type: None Source of Fincl Data: Owner Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Fixed 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: None
IDX
Listing Office: Upland Group, Inc.
Last Updated: March - 13 - 2020
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