5550 E MCDOWELL Road, Mesa, AZ 85215

$3,570,000
Property Type: Comm/Industry Sale Square Footage: 45,066 Lot Size (sq. ft.): 180,687 Status: Closed
Current Price: $3,570,000 List Date: 9/13/2016 Last Modified: 12/15/2016

Description

Two commercial buildings, 1 two story building 21,455 sq.ft. with r/d area and plenty of office space. 100% air conditioned with 10 new a/c units and new roof within past 18 months. 25yr. roof warranty, 800amp. Second building is 23,600 sq.ft. and all but 1500 sq. ft. is air conditioned and that section is evaporative cooled. 7 new a/c units, 20' ceiling height, 2000 amp with emergency backup generator that provides 25KW.480V/3Phase supply connected to an automatic transfer switch. Buildings sit on a 4.15 acre parcel overlooking the Longbow Golf Course and there is the potential to expand the campus with an adjoining 4.14 acre that is For Sale at $900,000.00 MLS #5174910 and can be included with the purchase of this property. Located within minutes of the 202 Red Mtn Freeway.

More Information MLS# 5371191

Contract Info

Ownership: Fee Simple Current Price: $3,570,000 Sold Price: $3,570,000 Status: Closed List Date: 2015-12-08

Location, Tax & Legal

Assessor's Map #: 42 Legal Description (Abbrev): PT SE4 SE4 SW4 SEC 35 DAF BEG S4 COR SEC 35 TH N 55F TPOB TH CONT N 600F TH W 307.25F TH S 600F Assessor's Parcel #: 4 Assessor Parcel Ltr: X Add'l Parcels: No Tax Municipality: Mesa Census Tract: 420206 Taxes: 35118 Legal: PT SE4 SE4 SW4 SEC 35 DAF BEG S4 COR SEC 35 TH N 55F TPOB TH CONT N 600F TH W 307.25F TH S 600F Map Code/Grid: P41 House Number: 5550 Compass: E Street Name: MCDOWELL St Suffix: Road City/Town Code: Mesa State/Province: AZ Zip Code: 85215 Zip4: 9605 County Code: Maricopa Assessor Number: 141-42-004-X Tax Year: 2015

General Property Description

Ttl Apx SqFt Bldg: 45066 # of Buildings: 2 Uncvrd Parking Spcs: 50 Volts/Amps: 800 and 2000 Year Built: 2000 Zoning: industrial

Legal Info

Range: 6E Section: 35 Township: 2N

Construction

Block: 1 Metal: 1

Roofing

Built-Up: 1 Metal: 1

Floors

Concrete: 1 Vinyl: 1 Sealed: 1 Carpet: 1

Bay Info

# of Bays: 2 # of Bay Doors: 2 Bay Door Height: 16

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: 35118 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0

Building Type

Commercial: 1 Industrial: 1 Office: 1 Manufacturing: 1 Distribution/Warehouse: 1

Business Type

Other: 1 See Remarks: 1

Stories

2 Stories: 1

Pmt & Rate Info

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

Ceiling Height

16.1 Feet to 28 Feet: 1

Heating

Natural Gas: 1

Cooling

Central Air: 1 Office A/C: 1 Warehouse A/C: 1 Warehouse Evap: 1

Loading Facilities

Grade Level: 1

Exterior

Sprinkler System-Ground: 1 Landscaping: 1 Storage Yard: 1

Source of Fincl Data

Unknown: 1

Traffic Count

35,001 to 50,000: 1

Fencing

Partial: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Parking Lot: 1 Private: 1 Paved: 1

Electric

SRP: 1 Generator: 1

Gas

City Gas: 1

New Financing

Cash Only: 1 Sale/Leaseback: 1

Existing 1st Loan

SBA: 1

Existing 2nd Loan

Other (See Remarks): 1

Existing 3rd Loan

Other (See Remarks): 1

Reports/Disclosures

ALTA Survey Availbl: 1

Environmental

Phase I Available: 1 Phase II Available: 1

Existing Othr Ln Trm

Not Applicable: 1

Sold Info

Loan Type: Carryback Loan Years: 5 Payment Type: Interest Only Clsing Cost Split: Normal - N Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $

Remarks Misc

Cross Street: Highley & McDowell Rd Directions: East on McDowell Rd about 1 mile to property on left of street Geo Lat: 33.467339 Geo Lon: -111.710426

Status Change Info

Off Market Date: 2016-09-14 Under Contract Date: 2016-09-02 Close of Escrow Date: 2016-12-14 Sold Price: $3,570,000

Property Features

Building Type: Commercial; Industrial; Office; Manufacturing; Distribution/Warehouse Business Type: Other; See Remarks Stories: 2 Stories Construction: Block; Metal Roofing: Built-Up; Metal Floors: Concrete; Vinyl; Sealed; Carpet Ceiling Height: 16.1 Feet to 28 Feet Heating: Natural Gas Cooling: Central Air; Office A/C; Warehouse A/C; Warehouse Evap Loading Facilities: Grade Level Exterior: Sprinkler System-Ground; Landscaping; Storage Yard Fencing: Partial Parking Features: Parking Lot; Private; Paved Electric: SRP; Generator Gas: City Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Sale/Leaseback Source of Fincl Data: Unknown Existing 1st Loan: SBA Existing 2nd Loan: Other (See Remarks) Existing 3rd Loan: Other (See Remarks) Existing Othr Ln Trm: Not Applicable Traffic Count: 35,001 to 50,000 Environmental: Phase I Available; Phase II Available
Listing Office: RE/MAX Fine Properties
IDX
Last Updated: December - 15 - 2016
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