780 W ELLIOT Road, Tempe, AZ 85284
$3,095,000
Property Type:
Comm/Industry Sale
Square Footage:
7,321
Lot Size (sq. ft.):
56,955
Status:
Closed
Current Price:
$3,095,000
List Date:
10/01/2022
Last Modified:
4/22/2025
Description
El Dorado Plaza features a strong, stabilized, internet resistant tenant mix including food, beverage and service tenants proven to be recession proof. A great mix of tenants include both national and regional tenants including Jimmy John's and Bonchon Chicken. Located in the prestigious Kyrene Corridor, South Tempe's premier industrial location and feet away from Tempe Commerce Park, a 37 acre logistics park Just west of the Arizona State University Research Park, which is home to 48 Corporate Offices Including GoDaddy, Amazon, U.S. Foods, etc. The property is surrounded by some of the wealthiest zip codes in metro Phoenix with over $104,000 Avg. Household Income. El Dorado Plaza offers unparalleled exposure, over 27,000 VPD. Attractive 4% assumable financing is available if needed.
More Information MLS# 6471713
Contract Info
Ownership: Fee Simple
Current Price: $3,095,000
Sold Price: $3,095,000
Status: Closed
List Date: 2022-10-01
Location, Tax & Legal
Assessor's Map #: 90
Legal Description (Abbrev): LOT 1 EL DORADO CROSSINGS MCR 040734
Assessor's Parcel #: 10
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 320001
Taxes: 21545
Legal: LOT 1 EL DORADO CROSSINGS MCR 040734
Marketing Name: El Dorado Plaza
Map Code/Grid: S36
House Number: 780
Compass: W
Street Name: ELLIOT
St Suffix: Road
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85284
Zip4: 1210
County Code: Maricopa
Subdivision: EL DORADO CROSSINGS
Assessor Number: 301-90-010-B
Tax Year: 2022
General Property Description
Type of Property: Retail Strip Center
Ttl Apx SqFt Bldg: 7321
# of Buildings: 1
Uncvrd Parking Spcs: 74
Year Built: 2001
Zoning: PCC-1
Legal Info
Range: 4E
Section: 9
Township: 1S
Lot Number: 1
Construction
Block: 1
Brick: 1
Metal: 1
Roofing
Built-Up: 1
Floors
Concrete: 1
Other: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 266413.08
Building Type
Commercial: 1
Business Type
Restaurant: 1
Fast Food: 1
Retail: 1
Food Service: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 5.75
Equity: 3095234
Total Owed: 0
Showing Notification Methods
Phone Call: 1
Ceiling Height
16.1 Feet to 28 Feet: 1
Heating
Other: 1
Cooling
Other: 1
Interior Features
Finished: 1
Fire Sprinklers: 1
Smoke Detector(s): 1
Private Restrooms: 1
Public Restrooms: 1
Other (See Remarks): 1
Loading Facilities
Other (See Remarks): 1
Exterior
Corner Lot: 1
Dual Street Ftg: 1
Landscaping: 1
Building Sign: 1
Monument Sign: 1
Source of Fincl Data
Owner: 1
Fencing
Block: 1
Partial: 1
Water Source
Other: 1
Freeway/Highway
Up to 1 Mile: 1
1.1 - 2 Miles: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Parking Lot: 1
Private: 1
Paved: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
New Financing
Cash Only: 1
Cash to Loan: 1
Other (See Remarks): 1
Reports/Disclosures
None: 1
Environmental
None: 1
Sold Info
Loan Type: Conventional
Loan Years: 25
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Elliot and Kyrene
Geo Lat: 33.349686
Geo Lon: -111.949777
Status Change Info
Off Market Date: 2022-12-13
Under Contract Date: 2022-10-12
Close of Escrow Date: 2022-12-12
Sold Price: $3,095,000
Income Expenses
Gross Annual Sch Inc: 266413.08
Net Operating Income: 177975.96
Property Features
Building Type: Commercial
Business Type: Restaurant; Fast Food; Retail; Food Service
Stories: 1 Story
Construction: Block; Metal; Brick
Roofing: Built-Up
Floors: Concrete; Other
Ceiling Height: 16.1 Feet to 28 Feet
Heating: Other
Cooling: Other
Loading Facilities: Other (See Remarks)
Interior Features: Finished; Fire Sprinklers; Smoke Detector(s); Private Restrooms; Public Restrooms; Other (See Remarks)
Exterior: Corner Lot; Dual Street Ftg; Landscaping; Building Sign; Monument Sign
Fencing: Block; Partial
Parking Features: Free; Parking Lot; Private; Paved
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water Source: Other
Sewer: Sewer - Public
New Financing: Cash Only; Cash to Loan; Other (See Remarks)
Showing Notification Methods: Phone Call
Source of Fincl Data: Owner
Environmental: None
Listing Office:
Cardon Commercial
Last Updated: April - 22 - 2025
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