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

Overview

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.

Listing Details MLS# 6006715

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Assessor Number
218-58-480
Tax Year
2020
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

Contract Info

Ownership
Other (See Remarks)

General Property Description

Ttl Apx SqFt Bldg
20489
# of Buildings
2
Year Built
1992
Uncvrd Parking Spcs
109
Zoning
OC

Remarks Misc

Cross Street
E Broadway Rd & S Sossaman Rd

Status Change Info

Off Market Date
2020-12-01
Under Contract Date
2020-12-01
Close of Escrow Date
2021-01-29

Legal Info

Township
1N
Range
7E
Section
30

More Information

Income Expenses

Gross Annual Sch Inc
335520
Net Operating Income
232355

Sold Info

Loan Type
Conventional
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Construction

Brick
Yes
Other
Yes

Roofing

Other
Yes

Floors

Wood
Yes
Carpet
Yes

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
Yes

Business Type

Dental
Yes
Medical
Yes
Professional/Office
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Cap Rate
7.15
Equity
3250000
Total Owed
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Ceiling Height

8.1 Feet to 10 Feet
Yes

Heating

Other
Yes
See Remarks
Yes

Cooling

Other
Yes
See Remarks
Yes

Interior Features

Other (See Remarks)
Yes

Loading Facilities

Other (See Remarks)
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Fencing

Other
Yes
See Remarks
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Fenced
Yes
Paved
Yes

Electric

APS
Yes

Gas

None
Yes

New Financing

Other (See Remarks)
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Environmental

Other (See Remarks)
Yes

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)
IDX
Listing Office: The Menlo Group Commercial Real Estate
Last Updated: February - 10 - 2025
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