7525 E BROADWAY Road, Mesa, AZ 85208
$3,125,000
Property Type:
Comm/Industry Sale
Square Footage:
20,489
Lot Size (sq. ft.):
92,919
Status:
Closed
Current Price:
$3,125,000
List Date:
10/05/2020
Last Modified:
2/10/2025
Description
• One parcel of land developed with two adjacent freestanding multi-tenant medical office buildings and a long-term ground-leased cell tower.
• Close proximity to 3 major hospitals including Banner Baywood Medical Center, Mountain Vista Medical Center and Banner Gateway Medical Center.
• Year Built: North Building & North Portion of South Building in 1982. Southernmost Portion of South Building in 1997.
• Ample parking: 5.32/1,000 - 109 open parking spaces; 21 covered spaces; 130 total.
• Recent parking lot asphalt repairs, reseal/stripe (September 2020).
• Brand new Ambulatory Surgery Center (Southwest Cardiovascular Associates/CardioJost) located immediately adjacent to East Broadway Medical center at 7545 E. Broadway Road.
More Information MLS# 6006715
Contract Info
Ownership: Other (See Remarks)
Current Price: $3,125,000
Sold Price: $3,125,000
Status: Closed
List Date: 2019-11-19
Location, Tax & Legal
Assessor's Map #: 58
Legal Description (Abbrev): PT OF W 188.5F NE4 NE4 NE4 LY N OF LINDA VISTA SUB UNIT 2A MCR 173-42 EX S 234.50F & EX N 65F RD TOG
Assessor's Parcel #: 480
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 422609
Taxes: 39780
Legal: PT OF W 188.5F NE4 NE4 NE4 LY N OF LINDA VISTA SUB UNIT 2A MCR 173-42 EX S 234.50F & EX N 65F RD TOG
Map Code/Grid: R42
House Number: 7525
Compass: E
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85208
Zip4: 1152
County Code: Maricopa
Assessor Number: 218-58-480
Tax Year: 2020
General Property Description
Ttl Apx SqFt Bldg: 20489
# of Buildings: 2
Uncvrd Parking Spcs: 109
Year Built: 1992
Zoning: OC
Legal Info
Range: 7E
Section: 30
Township: 1N
Construction
Brick: 1
Other: 1
Roofing
Other: 1
Floors
Wood: 1
Carpet: 1
Income & Expenses
Annual Elec Exp: 2820
Annual Ins Exp: 2510
Annual Landscape Exp: 8480
Annual Maint Exp: 4092
Annual Mgmt Exp: 15500
Annual Trash Exp: 1762
Annual Wtr/Swr Exp: 3931
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 24288
Operating Exp: 103163
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 335520
Building Type
Office: 1
Business Type
Dental: 1
Medical: 1
Professional/Office: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 7.15
Equity: 3250000
Total Owed: 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
Other: 1
See Remarks: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Fenced: 1
Paved: 1
Electric
APS: 1
Gas
None: 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Sold Info
Loan Type: Conventional
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 Broadway Rd & S Sossaman Rd
Geo Lat: 33.407047
Geo Lon: -111.669316
Status Change Info
Off Market Date: 2020-12-01
Under Contract Date: 2020-12-01
Close of Escrow Date: 2021-01-29
Sold Price: $3,125,000
Income Expenses
Gross Annual Sch Inc: 335520
Net Operating Income: 232355
Property Features
Building Type: Office
Business Type: Dental; Medical; Professional/Office
Stories: 1 Story
Construction: Brick; Other
Roofing: Other
Floors: Wood; Carpet
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: Other; See Remarks
Parking Features: Fenced; Paved
Electric: APS
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office:
The Menlo Group Commercial Real Estate
Last Updated: February - 10 - 2025
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