11237 E RIGGS Road, Chandler, AZ 85249
$3,150,000
Property Type:
Comm/Industry Sale
Square Footage:
25,234
Lot Size (sq. ft.):
227,150
Status:
Closed
Current Price:
$3,150,000
List Date:
10/21/2015
Last Modified:
8/06/2021
Description
INDUSTRIAL WAREHOUSE PROPERTY FOR SALE WITH SURPLUS LAND!!! Verizon Wireless rents space at the rear end of the yard to keep 4 storage shelters ($80/month) each. Buyer could cancel contract or continue and collect income. Zoning: I-2, Maricopa County. 49 parking spaces. Easy access to SR87 (Arizona Avenue) and I-10. Numerous restaurant and service amenities nearby.
More Information MLS# 5351763
Contract Info
Ownership: Fee Simple
Current Price: $3,150,000
Sold Price: $3,150,000
Status: Closed
List Date: 2015-10-21
Location, Tax & Legal
Assessor's Map #: 58
Legal Description (Abbrev): NW4 NW4 NW4 SEC 34 EX W 275F OF N 662.16F OF SD NW4 & EX N 70F RD
Assessor's Parcel #: 6
Assessor Parcel Ltr: Z
Add'l Parcels: No
Tax Municipality: Chandler
Census Tract: 813400
Taxes: 40149
Legal: NW4 NW4 NW4 SEC 34 EX W 275F OF N 662.16F OF SD NW4 & EX N 70F RD
Marketing Name: 11237 E RIGGS ROAD
Map Code/Grid: V37
House Number: 11237
Compass: E
Street Name: RIGGS
St Suffix: Road
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85249
Zip4: 3620
County Code: Maricopa
Assessor Number: 303-58-006-Z
Tax Year: 2015
General Property Description
Type of Property: Industrial/Industrial Flex
Ttl Apx SqFt Bldg: 25234
Ttl Apx Net Rnt Spc: 25234
# of Buildings: 1
Uncvrd Parking Spcs: 49
Year Built: 1997
Zoning: I-2
Legal Info
Range: 5E
Section: 34
Township: 2S
Lot Number: 1
Construction
Metal: 1
Wood Frame: 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
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Industrial: 1
Manufacturing: 1
Business Type
Professional/Office: 1
Warehouse: 1
Other: 1
See Remarks: 1
Stories
1 Story: 1
Pmt & Rate Info
Down Payment: 0
Equity: 3450000
Total Owed: 0
Assessment Balance: 0
Ceiling Height
8.1 Feet to 10 Feet: 1
14.1 Feet to 16 Feet: 1
Heating
Electric: 1
Other: 1
See Remarks: 1
Cooling
Office A/C: 1
Loading Facilities
Grade Level: 1
Interior
Finished: 1
Roads/Streets
Asphalt: 1
Curb(s) & Gutter(s): 1
Sidewalk(s): 1
Exterior
Landscaping: 1
Source of Fincl Data
Owner: 1
Traffic Count
15,001 to 25,000: 1
Fencing
Partial: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Paved: 1
Electric
SRP: 1
Gas
Other (See Remarks): 1
New Financing
Cash to Loan: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Ln Type
Not Applicable: 1
Existing 1st Ln Trms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Ln Type
Not Applicable: 1
Existing 2nd Ln Trms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Ln Type
Not Applicable: 1
Reports/Disclosures
Other (See Remarks): 1
Existing 3rd Ln Trms
Not Applicable: 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: 3
Buyer Concession $/%: %
Seller Concession to Buyer: 3
Seller Concession $/%: %
Remarks Misc
Cross Street: E/SEC E. Riggs Roads & S. Arizona Avenue (SR87)
Directions: SR87 to E. Riggs Road east.
Geo Lat: 33.217553
Geo Lon: -111.839668
Status Change Info
Off Market Date: 2016-01-06
Under Contract Date: 2015-11-09
Close of Escrow Date: 2015-12-31
Sold Price: $3,150,000
Property Features
Building Type: Industrial; Manufacturing
Business Type: Professional/Office; Warehouse; Other; See Remarks
Stories: 1 Story
Construction: Metal; Wood Frame
Roofing: Other
Floors: Other
Ceiling Height: 8.1 Feet to 10 Feet; 14.1 Feet to 16 Feet
Heating: Other; See Remarks
Cooling: Office A/C
Loading Facilities: Grade Level
Interior: Finished
Exterior: Landscaping
Fencing: Partial
Parking Features: Paved
Electric: SRP
Gas: Other (See Remarks)
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash to Loan
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Traffic Count: 15,001 to 25,000
Environmental: Other (See Remarks)
Listing Office: Avison Young
Last Updated: August - 06 - 2021
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