7303 E Main Street, Mesa, AZ 85207
$1,200,000
Property Type:
Comm/Industry Sale
Square Footage:
17,980
Lot Size (sq. ft.):
73,766
Status:
Closed
Current Price:
$1,200,000
List Date:
5/28/2019
Last Modified:
4/14/2020
Overview
Description
Listing Details MLS# 5931885
Location, Tax & Legal
- Map Code/Grid
- R42
- House Number
- 7303
- Compass
- E
- Street Name
- Main
- St Suffix
- Street
- City/Town Code
- Mesa
- State/Province
- AZ
- Zip Code
- 85207
- Country
- US
- County Code
- Maricopa
- Assessor Number
- 218-18-001-Q
- Assessor's Map #
- 18
- Assessor's Parcel #
- 1
- Assessor Parcel Ltr
- Q
- Add'l Parcels
- No
- Tax Municipality
- Maricopa - COUNTY
- Taxes
- 0
- Legal
- See title
Contract Info
- Ownership
- Fee Simple
General Property Description
- Ttl Apx SqFt Bldg
- 17980
- # of Buildings
- Yes
- Year Built
- 1989
- Uncvrd Parking Spcs
- 30
- Zoning
- C2
Remarks Misc
- Cross Street
- Main St & 74th St
Status Change Info
- Off Market Date
- 2020-04-14
- Under Contract Date
- 2019-11-12
- Close of Escrow Date
- 2020-01-15
Legal Info
- Lot Number
- -
More Information
Income Expenses
- Gross Annual Sch Inc
- 178204
- Net Operating Income
- 103387
Sold Info
- Loan Type
- Cash
- Payment Type
- Other
- Clsing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Construction
- Block
- Yes
Roofing
- Built-Up
- Yes
Floors
- Concrete
- 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
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 74817
- Operating Exp
- 74817
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 178204
Building Type
- Commercial
- Yes
Business Type
- Retail
- Yes
Stories
- 1 Story
- Yes
Pmt & Rate Info
- Cap Rate
- 6.89
- Down Payment
- 0
- Equity
- 1500000
- Total Owed
- 0
- Assessment Balance
- 0
Lockbox Type
- None
- Yes
Ceiling Height
- 10.1 Feet to 12 Feet
- Yes
Heating
- Heat Pump
- Yes
Cooling
- Central Air
- Yes
Interior Features
- Other (See Remarks)
- Yes
Loading Facilities
- Other (See Remarks)
- Yes
Exterior
- Other (See Remarks)
- Yes
Source of Fincl Data
- Owner
- Yes
Fencing
- None
- Yes
Water Source
- Other
- Yes
- See Remarks
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Parking Lot
- Yes
Electric
- City Electric
- Yes
Gas
- Other (See Remarks)
- Yes
New Financing
- Cash to Loan
- Yes
- 1031 Exchange
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- 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:
Commercial
Business Type:
Retail
Stories:
1 Story
Construction:
Block
Roofing:
Built-Up
Floors:
Concrete
Ceiling Height:
10.1 Feet to 12 Feet
Heating:
Heat Pump
Cooling:
Central Air
Loading Facilities:
Other (See Remarks)
Interior Features:
Other (See Remarks)
Exterior:
Other (See Remarks)
Fencing:
None
Parking Features:
Parking Lot
Electric:
City Electric
Gas:
Other (See Remarks)
Water Source:
Other; See Remarks
Sewer:
Sewer - Public
New Financing:
Cash to Loan; 1031 Exchange
Lockbox Type:
None
Source of Fincl Data:
Owner
Existing 1st Loan:
Treat as Free&Clear
Existing 1st Loan Type:
Not Applicable
Existing 1st Loan Terms:
Not Applicable
Existing 2nd Loan:
Treat as Free&Clear
Existing 2nd Loan Type:
Not Applicable
Existing 2nd Loan Terms:
Not Applicable
Existing 3rd Loan:
Treat as Free&Clear
Existing 3rd Loan Type:
Not Applicable
Existing 3rd Loan Terms:
Not Applicable
Existing Othr Ln Trm:
Not Applicable
Environmental:
None
Listing Office:
Kasten Long Commercial Group
Last Updated: April - 14 - 2020
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