2043 S ELLSWORTH Road, Mesa, AZ 85209

$4,485,000
Property Type: Comm/Industry Sale Square Footage: 10,702 Lot Size (sq. ft.): 87,991 Status: Closed
Current Price: $4,485,000 List Date: 2/14/2018 Last Modified: 1/04/2025

Description

Augusta Ranch Outparcels are part of The Village at Augusta Ranch, a successful Albertsons neighborhood shopping center. The Offering includes two buildings featuring Starbucks, Cactus Valley Pools (Poolwerx), Yogi’s Grill, State Farm, Lee Eyecare Center, Sol Azteca Mexican Food Restaurant and Soda Rush. Starbucks recently renewed their lease for 10 years and have been operating at this location since 2002, while State Farm recently renewed for 7 years and Yogi’s Grill renewed for 10 years, boboth have been in business at Augusta Ranch since 2007, proving their success at this location. Augusta Ranch Outparcels offers stable in-place income from a strong tenant mix of both national and local tenants.

More Information MLS# 5723461

Contract Info

Ownership: Fee Simple Current Price: $4,485,000 Sold Price: $4,485,000 Status: Closed List Date: 2018-02-14

Location, Tax & Legal

Assessor's Map #: 1 Legal Description (Abbrev): LOT 4 VILLAGE AT AUGUSTA RANCH MCR 053645 Assessor's Parcel #: 966 Add'l Parcels: Yes Tax Municipality: Mesa Census Tract: 422642 Taxes: 26956 Legal: LOT 4 VILLAGE AT AUGUSTA RANCH MCR 053645 Marketing Name: Augusta Ranch Outparcels Map Code/Grid: S43 House Number: 2043 Compass: S Street Name: ELLSWORTH St Suffix: Road City/Town Code: Mesa State/Province: AZ Zip Code: 85209 Zip4: 1224 County Code: Maricopa Subdivision: VILLAGE AT AUGUSTA RANCH Assessor Number: 312-01-966 Tax Year: 2017

General Property Description

Type of Property: Retail Investment Ttl Apx SqFt Bldg: 10702 Ttl Apx Net Rnt Spc: 10122 # of Buildings: 2 Uncvrd Parking Spcs: 89 Year Built: 2003 Zoning: C-2

Legal Info

Range: 7E Section: 3 Township: 1S Lot Number: 4

Construction

Block: 1 Stucco: 1 Wood Frame: 1

Roofing

Built-Up: 1 Tile: 1

Floors

Concrete: 1 Wood: 1 Ceramic Tile: 1 Carpet: 1

Income & Expenses

Annual Elec Exp: 14000 Annual Gas Exp: 0 Annual Ins Exp: 2790 Annual Land Lse Exp: 0 Annual Landscape Exp: 0 Annual Legal & Acctg: 500 Annual Maint Exp: 4000 Annual Mgmt Exp: 20076 Annual Trash Exp: 0 Annual Wtr/Swr Exp: 0 Owner Association: No Annual Ownr Asoc Fee: 0 Annual PAD Fee: 0 Annual Rplcmnt Rsrvs: 0 Annual Other Expense: 0 Operating Exp: 68322 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 354250

Building Type

Commercial: 1

Business Type

Dental: 1 Service Business: 1 Restaurant: 1 Fast Food: 1 Medical: 1 Retail: 1

Stories

1 Story: 1

Pmt & Rate Info

Cap Rate: 6.24 Down Payment: 4488800 Equity: 4488800 Total Owed: 0 Assessment Balance: 0

Ceiling Height

16.1 Feet to 28 Feet: 1

Heating

Electric: 1

Cooling

Central Air: 1

Loading Facilities

None: 1

Exterior

Corner Lot: 1 Dual Street Ftg: 1 Sprinkler System-Ground: 1 Landscaping: 1 Building Sign: 1 Monument 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

Up to 1 Mile: 1

Sewer

Sewer - Public: 1

Parking Features

Free: 1 Parking Lot: 1

Electric

SRP: 1

Gas

SW Gas: 1 City Gas: 1

New Financing

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

Existing 1st Loan

Treat as Free&Clear: 1

Existing 2nd Loan

Treat as Free&Clear: 1

Existing 3rd Loan

Treat as Free&Clear: 1

Use Restrictions

CC&R's: 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: 10 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: Baseline and Ellsworth Directions: US 60 to Ellsworth. South to property. Two outparcels. One at 2043 S. Ellsworth Rd., and the other at 9265 E. Baseline Rd. Geo Lat: 33.379046 Geo Lon: -111.636171

Status Change Info

Off Market Date: 2018-07-24 Under Contract Date: 2018-05-21 Close of Escrow Date: 2018-07-23 Sold Price: $4,485,000

Income Expenses

Gross Annual Sch Inc: 354250 Net Operating Income: 280125.3

Property Features

Building Type: Commercial Business Type: Dental; Service Business; Restaurant; Fast Food; Medical; Retail Stories: 1 Story Construction: Block; Stucco; Wood Frame Roofing: Built-Up; Tile Floors: Concrete; Wood; Ceramic Tile; Carpet Ceiling Height: 16.1 Feet to 28 Feet Cooling: Central Air Loading Facilities: None Exterior: Corner Lot; Dual Street Ftg; Sprinkler System-Ground; Landscaping; Building Sign; Monument Sign; Security Light(s) Fencing: Block; Partial Parking Features: Free; Parking Lot Electric: SRP 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: Treat as Free&Clear 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 Environmental: Phase I Available
Listing Office: Cardon Commercial
IDX
Last Updated: January - 04 - 2025
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