780 W ELLIOT Road, Tempe, AZ 85284 (MLS# 6471713)

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

Overview

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.

Listing Details MLS# 6471713

Location, Tax & Legal

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
Country: US
County Code: Maricopa
Subdivision: EL DORADO CROSSINGS
Assessor Number: 301-90-010-B
Tax Year: 2022
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

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Retail Strip Center
Ttl Apx SqFt Bldg: 7321
# of Buildings: Yes
Year Built: 2001
Uncvrd Parking Spcs: 74
Zoning: PCC-1

Remarks Misc

Cross Street: Elliot and Kyrene

Status Change Info

Off Market Date: 2022-12-13
Under Contract Date: 2022-10-12
Close of Escrow Date: 2022-12-12

Legal Info

Township: 1S
Range: 4E
Section: 9
Lot Number: Yes

More Information

Income Expenses

Gross Annual Sch Inc: 266413.08
Net Operating Income: 177975.96

Sold Info

Loan Type: Conventional
Loan Years: 25
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Block: Yes
Brick: Yes
Metal: Yes

Roofing

Built-Up: Yes

Floors

Concrete: Yes
Other: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 266413.08

Building Type

Commercial: Yes

Business Type

Restaurant: Yes
Fast Food: Yes
Retail: Yes
Food Service: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Cap Rate: 5.75
Equity: 3095234
Total Owed: 0

Showing Notification Methods

Phone Call: Yes

Ceiling Height

16.1 Feet to 28 Feet: Yes

Heating

Other: Yes

Cooling

Other: Yes

Interior Features

Finished: Yes
Fire Sprinklers: Yes
Smoke Detector(s): Yes
Private Restrooms: Yes
Public Restrooms: Yes
Other (See Remarks): Yes

Loading Facilities

Other (See Remarks): Yes

Exterior

Corner Lot: Yes
Dual Street Ftg: Yes
Landscaping: Yes
Building Sign: Yes
Monument Sign: Yes

Source of Fincl Data

Owner: Yes

Fencing

Block: Yes
Partial: Yes

Water Source

Other: Yes

Freeway/Highway

Up to 1 Mile: Yes
1.1 - 2 Miles: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
Parking Lot: Yes
Private: Yes
Paved: Yes

Electric

Other (See Remarks): Yes

Gas

Other (See Remarks): Yes

New Financing

Cash Only: Yes
Cash to Loan: Yes
Other (See Remarks): Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

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