15654 E Ray Road 0, Gilbert, AZ 85295 (MLS# 5685803)

Contract Information

Type: Exclusive Right To Sell For Sale or Lease?: Sale Current Price: $6,000,000 Sold Price: $6,000,000 Status: Closed List Date: 2017-11-07

Location, Tax & Legal

Lot #: 0 Assessor's Map #: 26 Assessor's Parcel #: 648 Add'l Parcels: Yes Tax Municipality: Gilbert Census Tract: 522743 Taxes: 5124 Map Code/Grid: T40 House Number: 15654 Compass: E Street Name: Ray St Suffix: Road City/Town Code: Gilbert State/Province: AZ Zip Code: 85295 County Code: Maricopa Assessor Number: 304-26-648 Tax Year: 2008

General Property Description

Apx Total Acres: 13.34 Apx Total Acres G/N: G Price Per Acre: 487256.37 Apx SqFt: 581067 Price Per SqFt: 11.19 Apx SqFt G/N: G Lot Size Dimensions: 622 ft. x 606 ft. Horses: N Street Frontage: 371 Elementary School: Other Jr. High School: Other High School: Other Zoning: CC

Legal Info

Range: 6E Section: 21 Township: 1S

Special Listing Cond

Owner/Agent: 1 N/A: 1

Pmt & Rate Info

Down Payment: 0 Equity: 6500000 Total Owed: 0

Assoc/Prop Info

HOA Y/N: N PAD Fee Y/N: N Assessed Balance: 0 HOA 2 Y/N: N

Existing Land Use

Commercial Acreage: 1

Zoned Presently

Commercial: 1 Other (See Rmks): 1

Potential Use

Commercial: 1 Retail: 1 Other: 1 See Remarks: 1

Parcel Size

10.00 - 19.99 Acres: 1

Development Status

Raw Land: 1

Land Features

Corner Lot: 1 North/South Exp: 1 Other: 1 See Remarks: 1

Elevation

2,001 - 3,000 Ft: 1

Land Configuration

Square Rectangular: 1

Road Surface Type

Asphalt: 1

Water Source

City Franchise: 1

Freeway/Highway

Frontage: 1 Up to 1 Mile: 1

Sewer

Sewer - Public: 1

Railroad

Rail Served: 1

Electric

SRP: 1

Topography

Level: 1

Gas

Other (See Rmks): 1

Existing Structures

None: 1

Distance to Cable

Under 350 Feet: 1

New Financing

Cash: 1 Conventional: 1 Owner May Carry: 1 Lease Option: 1 Option: 1

Distance to Phone

Under 350 Feet: 1

Distance to Water

Under 350 Feet: 1

Existing 1st Loan

Other (See Rmks): 1

Distance to Electric

Under 350 Feet: 1

Existing 1st Loan Type

Not Applicable: 1

Distance to Gas

Under 350 Feet: 1

Existing 1st Loan Terms

Not Applicable: 1

Distance to Sewer

Under 350 Feet: 1

Existing 2nd Loan

Other (See Rmks): 1

Existing 2nd Loan Type

Not Applicable: 1

Existing 2nd Loan Terms

Not Applicable: 1

Existing 3rd Loan

Other (See Rmks): 1

Existing 3rd Loan Type

Not Applicable: 1

Reports/Disclosures

ALTA Survey Alba: 1

Existing 3rd Loan Terms

Not Applicable: 1

Environmental

Phase I Available: 1

Existing Other Loan

Not Applicable: 1

Sold Info

Loan Type: Cash Closing Cost Split: Normal - N Payment Type: Other Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $

Remarks Misc

Cross Street: San Tan Village Pkwy & Ray Rd. Geo Lat: 33.3215 Geo Lon: -111.744441

Status Change Info

Off Market Date: 2018-07-24 Under Contract Date: 2018-07-20 Close of Escrow Date: 2019-04-26 Sold Price: $6,000,000

Property Features

Special Listing Cond: Owner/Agent; N/A Existing Land Use: Commercial Acreage Zoned Presently: Commercial; Other (See Rmks) Potential Use: Commercial; Retail; Other; See Remarks Parcel Size: 10.00 - 19.99 Acres Development Status: Raw Land Land Features: Corner Lot; North/South Exp; Other; See Remarks Elevation: 2,001 - 3,000 Ft Land Configuration: Square Rectangular Road Surface Type: Asphalt Railroad: Rail Served Topography: Level Existing Structures: None Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: Other (See Rmks) Distance to Cable: Under 350 Feet Distance to Phone: Under 350 Feet Distance to Water: Under 350 Feet Distance to Electric: Under 350 Feet Distance to Gas: Under 350 Feet Distance to Sewer: Under 350 Feet Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Rmks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Rmks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Other Loan: Not Applicable New Financing: Cash; Conventional; Owner May Carry; Option; Lease Option Environmental: Phase I Available