2640 W Medtronic Way, Tempe, AZ 85281

$4,100,000
Property Type: Comm/Industry Sale Square Footage: 21,218 Lot Size (sq. ft.): 59,390 Status: Closed
Current Price: $4,100,000 List Date: 12/22/2023 Last Modified: 3/22/2025

Description

Over 21,000 SF, fully air conditioned production - flex space with additional uses including distribution, manufacturing, laboratory and office. Current building layout is perfect for one owner-user or tenant or potential multi-tenant occupancy. 53 parking spaces including 9 covered. Two 12' overhead doors. Two 400 amp panels service. Clean Room. Situated on 1.36+AC and ideally located less than 1 mile to the I-10 and 143 Freeways, 2 miles to the 202 Fwy and Sky Harbor Airport, 3 miles to ASU and 10 minutes to downtown Phoenix. Excellent highway exposure with monument signage already in place. Please do not disturb tenants. Floorplan in ''Documents'' tab.

More Information MLS# 6642895

Contract Info

Ownership: Fee Simple Current Price: $4,100,000 Sold Price: $4,100,000 Status: Closed List Date: 2023-12-21

Location, Tax & Legal

Assessor's Map #: 56 Legal Description (Abbrev): HOHOKAM INDUSTRIAL PARK MCR 149-25 LOT 28 EX E 16 6.94F Assessor's Parcel #: 39 Assessor Parcel Ltr: A Add'l Parcels: No Tax Municipality: Tempe Census Tract: 319704 Taxes: 24442 Legal: HOHOKAM INDUSTRIAL PARK MCR 149-25 LOT 28 EX E 16 6.94F House Number: 2640 Compass: W Street Name: Medtronic St Suffix: Way City/Town Code: Tempe State/Province: AZ Zip Code: 85281 County Code: Maricopa Subdivision: HOHOKAM INDUSTRIAL PARK Assessor Number: 124-56-039-A Tax Year: 2023

General Property Description

Type of Property: Industrial Flex Ttl Apx SqFt Bldg: 21218 # of Buildings: 1 Uncvrd Parking Spcs: 44 Lot Size Dimensions: 281' x 222' x 256' x 220' Flood Zone: No Volts/Amps: 400 Year Built: 1980 Zoning: GID, I-1

Legal Info

Range: 4E Section: 20 Township: 1N Lot Number: 28

Construction

Block: 1

Roofing

Built-Up: 1

Floors

Vinyl: 1 Ceramic Tile: 1

Bay Info

# of Bay Doors: 2 Bay Door Height: 12 Bay Door Width: 12

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 24442 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0

Building Type

Commercial: 1 Industrial: 1 Office: 1 Manufacturing: 1 Distribution/Warehouse: 1 Other (See Remarks): 1

Business Type

Mixed: 1 Professional/Office: 1 Warehouse: 1 Other: 1

Stories

1 Story: 1

Pmt & Rate Info

Equity: 4250000 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings Text: 1 Email: 1 Phone Call: 1

Lockbox Type

None: 1

Ceiling Height

12.1 Feet to 14 Feet: 1 14.1 Feet to 16 Feet: 1

Heating

Heat Pump: 1 Office Heated: 1 2 or More Units: 1

Cooling

Central Air: 1 Warehouse A/C: 1

Loading Facilities

Grade Level: 1 Drive-in Door(s): 1

Exterior

Corner Lot: 1 Dual Street Ftg: 1 Sprinkler System-Ground: 1 Landscaping: 1 Monument Sign: 1 Security Light(s): 1

Source of Fincl Data

Owner: 1

Fencing

Block: 1

Water Source

City Franchise: 1

Freeway/Highway

Frontage: 1 Up to 1 Mile: 1

Sewer

Sewer - Public: 1

Parking Features

Parking Lot: 1 Private: 1 Paved: 1

Electric

SRP: 1 Over 220 Amp: 1

Gas

City Gas: 1

New Financing

Cash to Loan: 1

Existing 1st Loan

Treat as Free&Clear: 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Environmental

None: 1

Contact Info

List Agent Home Phn: 602-803-0933

Sold Info

Loan Type: SBA Loan Years: 30 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: University and 52nd St. Directions: 52nd St south to Metronic Way. West to property. Geo Lat: 33.417935 Geo Lon: -111.977023

Status Change Info

Off Market Date: 2025-03-22 Under Contract Date: 2024-12-20 Close of Escrow Date: 2025-03-21 Sold Price: $4,100,000

Property Features

Building Type: Commercial; Industrial; Office; Manufacturing; Distribution/Warehouse; Other (See Remarks) Business Type: Mixed; Professional/Office; Warehouse; Other Stories: 1 Story Construction: Block Roofing: Built-Up Floors: Vinyl; Ceramic Tile Ceiling Height: 12.1 Feet to 14 Feet; 14.1 Feet to 16 Feet Heating: Heat Pump; Office Heated; 2 or More Units Cooling: Central Air; Warehouse A/C Loading Facilities: Grade Level; Drive-in Door(s) Exterior: Corner Lot; Dual Street Ftg; Sprinkler System-Ground; Landscaping; Monument Sign; Security Light(s) Fencing: Block Parking Features: Parking Lot; Private; Paved Electric: SRP; Over 220 Amp Gas: City Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash to Loan Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Environmental: None

Documents

Listing Office: HomeSmart Realty
IDX
Last Updated: March - 22 - 2025
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