450 E ELLIOT Road, Chandler, AZ 85225 (MLS# 4552992)

Contract Info

Ownership: Fee Simple Current Price: $3,220,000 Sold Price: $3,220,000 Status: Closed List Date: 2011-03-15

Location, Tax & Legal

Assessor's Map #: 24 Legal Description (Abbrev): MISTY MATE Assessor's Parcel #: 426 Add'l Parcels: No Tax Municipality: Chandler Taxes: 76007.6 Legal: MISTY MATE MCR 996-39 Marketing Name: 450 E ELLIOT ROAD Map Code/Grid: S39 House Number: 450 Compass: E Street Name: ELLIOT St Suffix: Road City/Town Code: Chandler State/Province: AZ Zip Code: 85225 Zip4: 1379 County Code: Maricopa Subdivision: Misty Mate Assessor Number: 302-24-426 Tax Year: 2011

General Property Description

Type of Property: Light Industrial Ttl Apx SqFt Bldg: 58559 Ttl Apx Net Rnt Spc: 58559 # of Buildings: 1 Uncvrd Parking Spcs: 100 Year Built: 2008 Zoning: I-1

Legal Info

Range: 5E Section: 10 Township: 1S Lot Number: 1

Construction

Block: 1 Tilt-Up: 1

Roofing

Other: 1

Floors

Other: 1

Income & Expenses

Annual Elec Exp: 0 Annual Gas Exp: 0 Annual Ins Exp: 0 Annual Land Lse Exp: 0 Annual Landscape Exp: 0 Annual Legal & Acctg: 0 Annual Maint Exp: 0 Annual Mgmt Exp: 0 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: 76007.6 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0

Building Type

Commercial: 1 Industrial: 1 Manufacturing: 1

Business Type

Mixed: 1 Professional/Office: 1 Warehouse: 1 Wholesale: 1

Stories

1 Story: 1

Pmt & Rate Info

Down Payment: 0 Equity: 3700000 Total Owed: 0 Assessment Balance: 0

Ceiling Height

28.1 Feet or Over: 1

Heating

Electric: 1

Cooling

Office A/C: 1 Warehouse Evap: 1

Loading Facilities

Dock Leveler(s): 1

Exterior

Sprinkler System-Ground: 1 Landscaping: 1 Building Sign: 1

Source of Fincl Data

Owner: 1

Fencing

Partial: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Free: 1 Paved: 1

Electric

SRP: 1

Gas

Other (See Remarks): 1

New Financing

Cash Only: 1 Cash to Loan: 1

Special

REO Property: 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

Reports/Disclosures

Other (See Remarks): 1

Environmental

Other (See Remarks): 1

Existing Othr Ln Trm

Not Applicable: 1

Sold Info

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

Remarks Misc

Cross Street: E/NEC E. Elliot Road and N. Arizona Avenue Directions: US 60 (Superstition Freeway) to SR 87 (N. Arizona Avenue) south. East on E. Elliot Road. Geo Lat: 33.350386 Geo Lon: -111.835132

Status Change Info

Off Market Date: 2012-01-25 Under Contract Date: 2012-01-23 Close of Escrow Date: 2012-02-01 Sold Price: $3,220,000

Property Features

Building Type: Commercial; Industrial; Manufacturing Business Type: Mixed; Professional/Office; Warehouse; Wholesale Stories: 1 Story Construction: Block; Tilt-Up Roofing: Other Floors: Other Ceiling Height: 28.1 Feet or Over Cooling: Office A/C; Warehouse Evap Loading Facilities: Dock Leveler(s) Exterior: Sprinkler System-Ground; Landscaping; Building Sign Fencing: Partial Parking Features: Free; Paved Electric: SRP Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan Special: REO Property 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 Environmental: Other (See Remarks)