14155 W BELL Road, Surprise, AZ 85374 (MLS# 5930243)

Contract Info

Ownership: Fee Simple Current Price: $4,618,660 Sold Price: $4,618,660 Status: Closed List Date: 2019-05-23

Location, Tax & Legal

Assessor's Map #: 18 Legal Description (Abbrev): LOT 2 CITY AT SURPRISE PHASE 2 MCR 116023 Assessor's Parcel #: 539 Add'l Parcels: No Tax Municipality: Surprise Census Tract: 61028 Taxes: 42730 Legal: LOT 2 CITY AT SURPRISE PHASE 2 MCR 116023 Marketing Name: Town Square at Surprise Map Code/Grid: L28 House Number: 14155 Compass: W Street Name: BELL St Suffix: Road City/Town Code: Surprise State/Province: AZ Zip Code: 85374 Zip4: 4186 County Code: Maricopa Subdivision: CITY AT SURPRISE PHASE 2 Assessor Number: 501-18-539 Tax Year: 2018

General Property Description

Type of Property: Retail Investment Ttl Apx SqFt Bldg: 12948 # of Buildings: 1 Uncvrd Parking Spcs: 134 Year Built: 2008 Zoning: PAD

Legal Info

Range: 1W Section: 4 Township: 3N Lot Number: 2

Construction

Block: 1

Roofing

Built-Up: 1 Foam: 1

Floors

Concrete: 1 Sealed: 1 Ceramic Tile: 1 Carpet: 1

Income & Expenses

Annual Elec Exp: 18791 Annual Gas Exp: 0 Annual Ins Exp: 3575 Annual Land Lse Exp: 0 Annual Landscape Exp: 11700 Annual Legal & Acctg: 0 Annual Maint Exp: 20300 Annual Mgmt Exp: 8400 Annual Trash Exp: 5200 Annual Wtr/Swr Exp: 0 Owner Association: Yes Annual Ownr Asoc Fee: 10880 Annual PAD Fee: 0 Annual Rplcmnt Rsrvs: 0 Annual Other Expense: 2000 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 450730

Building Type

Commercial: 1

Business Type

Retail: 1

Stories

1 Story: 1

Pmt & Rate Info

Cap Rate: 6.62 Down Payment: 4900000 Equity: 4900000 Total Owed: 0 Assessment Balance: 0

Ceiling Height

16.1 Feet to 28 Feet: 1

Heating

Electric: 1 Natural Gas: 1

Cooling

Central Air: 1

Loading Facilities

None: 1

Exterior

Sprinkler System-Ground: 1 Landscaping: 1 Building Sign: 1 Security Light(s): 1

Source of Fincl Data

Owner: 1

Traffic Count

35,001 to 50,000: 1

Fencing

Block: 1 Partial: 1

Water Source

City Franchise: 1

Freeway/Highway

2.1 - 5 Miles: 1

Sewer

Sewer - Public: 1

Parking Features

Free: 1 Parking Lot: 1 Private: 1 Paved: 1

Electric

APS: 1 Submetered System: 1

Gas

SW Gas: 1 City Gas: 1

New Financing

Cash Only: 1 Cash to Loan: 1 1031 Exchange: 1

Existing 1st Loan

Other (See Rmks): 1

Existing 2nd Loan

Treat as Free&Clear: 1

Existing 3rd Loan

Treat as Free&Clear: 1

Use Restrictions

CC&R's: 1 Airport Flight Zone: 1

Reports/Disclosures

ALTA Survey Availbl: 1

Environmental

Phase I Available: 1

Existing Othr Ln Trm

Not Applicable: 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: Bell Rd./Litchfield Directions: Fronts Bell Road just West of Litchfield. Geo Lat: 33.637933 Geo Lon: -112.364946

Status Change Info

Off Market Date: 2019-08-01 Under Contract Date: 2019-08-01 Close of Escrow Date: 2019-10-01 Sold Price: $4,618,660

Income Expenses

Gross Annual Sch Inc: 450730 Net Operating Income: 324354

Property Features

Building Type: Commercial Business Type: Retail Stories: 1 Story Construction: Block Roofing: Built-Up; Foam Floors: Concrete; Sealed; Ceramic Tile; Carpet Ceiling Height: 16.1 Feet to 28 Feet Heating: Natural Gas Cooling: Central Air Loading Facilities: None Exterior: Sprinkler System-Ground; Landscaping; Building Sign; Security Light(s) Fencing: Block; Partial Parking Features: Free; Parking Lot; Private; Paved Electric: APS; Submetered System Gas: SW Gas; City Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan; 1031 Exchange Source of Fincl Data: Owner Existing 1st Loan: Other (See Rmks) Existing 2nd Loan: Treat as Free&Clear Existing 3rd Loan: Treat as Free&Clear Existing Othr Ln Trm: Not Applicable Traffic Count: 35,001 to 50,000 Use Restrictions: CC&R's; Airport Flight Zone Environmental: Phase I Available