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
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
More Information MLS# 6015900
Contract Info
Ownership: Condominium
Current Price: $1,075,000
Sold Price: $1,075,000
Status: Closed
List Date: 2019-12-19
Location, Tax & Legal
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
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
County Code: Maricopa
Subdivision: RED MOUNTAIN PROFESSIONAL PARK
Assessor Number: 218-04-095-E
Tax Year: 2018
General Property Description
Ttl Apx SqFt Bldg: 7420
# of Buildings: 1
Uncvrd Parking Spcs: 2
Year Built: 2003
Zoning: LC
Legal Info
Range: 7E
Section: 7
Township: 1N
Lot Number: 2
Construction
Block: 1
Stucco: 1
Roofing
Tile: 1
Floors
Carpet: 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: 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: 1
Business Type
Dental: 1
Medical: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 6
Down Payment: 0
Equity: 1175000
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
12.1 Feet to 14 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Interior Features
Fire Sprinklers: 1
Loading Facilities
None: 1
Exterior
Landscaping: 1
Monument Sign: 1
Source of Fincl Data
Owner: 1
Fencing
None: 1
Water Source
None: 1
Sewer
Sewer - Public: 1
Parking Features
Parking Structure: 1
Parking Lot: 1
Private: 1
Electric
None: 1
Gas
None: 1
New Financing
Sale/Leaseback: 1
Existing 1st Loan
Other (See Rmks): 1
Existing 1st Loan Type
Fixed: 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
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
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 $/%: %
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.
Geo Lat: 33.438457
Geo Lon: -111.682744
Status Change Info
Off Market Date: 2020-03-13
Under Contract Date: 2020-01-10
Close of Escrow Date: 2020-02-24
Sold Price: $1,075,000
Income Expenses
Net Operating Income: 70550
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
Listing Office:
Upland Group, Inc.
Last Updated: March - 13 - 2020
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