710 E BROADWAY Road, Mesa, AZ 85204
$749,000
Property Type:
Comm/Industry Sale
Square Footage:
8,281
Lot Size (sq. ft.):
27,007
Status:
Closed
Current Price:
$749,000
List Date:
4/22/2016
Last Modified:
7/03/2017
Description
1/2 MILE SOUTH OF LIGHT RAIL
REDEVELOPEMENT AREA TENANTS PAY OWN UTILITIES & PRORATA SHARE WATER,TRASH & SEWER
More Information MLS# 5431966
Contract Info
Ownership: Fee Simple
Current Price: $749,000
Sold Price: $749,000
Status: Closed
List Date: 2016-04-21
Location, Tax & Legal
Building Number: 1
Assessor's Map #: 29
Legal Description (Abbrev): BEG 483F W OF SE COR SE4 SW4 TH N 190F W 190F S 1 90F E 190F TO POB EX W 9.5F & EX S 40F RD
Assessor's Parcel #: 64
Assessor Parcel Ltr: L
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421501
Taxes: 4000
Legal: BEG 483F W OF SE COR SE4 SW4 TH N 190F W 190F S 1 90F E 190F TO POB EX W 9.5F & EX S 40F RD
Marketing Name: MESA AUTO FLEX CENTER
Map Code/Grid: R39
House Number: 710
Compass: E
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 2081
County Code: Maricopa
Assessor Number: 138-29-064-L
Tax Year: 2015
General Property Description
Type of Property: AUTO/FLEX
Ttl Apx SqFt Bldg: 8281
Ttl Apx Net Rnt Spc: 8281
# of Buildings: 3
Uncvrd Parking Spcs: 30
Lot Size Dimensions: 180 X 150
Volts/Amps: 208/200
Year Built: 1982
Zoning: LC
Legal Info
Range: 5E
Section: 23
Township: 1N
Lot Number: 1
Construction
Block: 1
Roofing
Composition: 1
Floors
Concrete: 1
Bay Info
# of Bays: 16
# of Bay Doors: 12
Bay Door Height: 10
Bay Door Width: 10
Bay Size: 40
Max Span Lineal Ft: 30
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 300
Annual Legal & Acctg: 300
Annual Maint Exp: 3000
Annual Mgmt Exp: 3000
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 10600
Other Income: 0
Vacancy Allowance: 8400
Adjusted Gross Inc: 705516000
Building Type
Commercial: 1
Industrial: 1
Office: 1
Distribution/Warehouse: 1
Other (See Remarks): 1
Business Type
Automobile: 1
Recreation: 1
Professional/Office: 1
Warehouse: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 8.13
Down Payment: 150000
Equity: 343000
1st Encumbrance: 506000
1st Payment Freq: Monthly
Total Owed: 506000
Assessment Balance: 0
Ceiling Height
10.1 Feet to 12 Feet: 1
12.1 Feet to 14 Feet: 1
Heating
None: 1
Cooling
Warehouse Evap: 1
Interior Features
Finished: 1
Security Light(s): 1
Private Restrooms: 1
Loading Facilities
Grade Level: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Fencing
Block: 1
Chain Link: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Paved: 1
Electric
City Electric: 1
Gas
None: 1
New Financing
Cash to Loan: 1
Owner May Carry: 1
Wrap: 1
1031 Exchange: 1
Trade: 1
Lease Option: 1
Lease: 1
Other (See Remarks): 1
Existing 1st Loan
Private: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Assume-No Qualify: 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
Seller Prop Disc Stm: 1
APOD/Backup Avaible: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Other (See Remarks): 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 480-813-2746
Sold Info
Loan Type: Wrap
Loan Years: 10
Payment Type: Interest Only
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: HORNE & BROADWAY
Directions: 1 & 1/2 MILE NORTH SUPERSTITION FRWY &
STAPLEY , NORTH ON STAPLEY TO BROADWAY WEST 1/2 MILE PAST HORNE,
Geo Lat: 33.408138
Geo Lon: -111.816017
Status Change Info
Off Market Date: 2017-07-02
Under Contract Date: 2017-06-01
Close of Escrow Date: 2017-06-30
Sold Price: $749,000
Income Expenses
Gross Annual Sch Inc: 84000
Net Operating Income: 69000
Property Features
Building Type: Commercial; Industrial; Office; Distribution/Warehouse; Other (See Remarks)
Business Type: Automobile; Recreation; Professional/Office; Warehouse
Stories: 1 Story
Construction: Block
Roofing: Composition
Floors: Concrete
Ceiling Height: 10.1 Feet to 12 Feet; 12.1 Feet to 14 Feet
Heating: None
Cooling: Warehouse Evap
Loading Facilities: Grade Level
Interior Features: Finished; Security Light(s); Private Restrooms
Fencing: Block; Chain Link
Parking Features: Free; Paved
Electric: City Electric
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash to Loan; Owner May Carry; Wrap; 1031 Exchange; Trade; Lease Option; Lease; Other (See Remarks)
Source of Fincl Data: Owner; Projected Proforma
Existing 1st Loan: Private
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Assume-No Qualify
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; Other (See Remarks)
Listing Office:
Realty ONE Group
Last Updated: July - 03 - 2017
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