1534 E RAY Road, Gilbert, AZ 85296 (MLS# 5120343)

Current Price: $4,200,000 Sold Price: $4,200,000 Status: Closed List Date: 2014-05-23 Ownership: Fee Simple

Map Code/Grid: T40 House Number: 1534 Compass: E Street Name: RAY St Suffix: Road City/Town Code: Gilbert State/Province: AZ Zip Code: 85296 Zip4: 4429 Country: USA County Code: Maricopa Assessor Number: 304-25-915 Tax Year: 2013

Type of Property: Commercial Retail Ttl Apx SqFt Bldg: 24209 # of Buildings: 1 Year Built: 2002 Uncvrd Parking Spcs: 96 Zoning: NC

Cross Street: Ray Road & Val Vista Drive Directions: Loop 202 San Tan Freeway East, exit Val Vista Dr, Head North on Val Vista and turn West on Ray Rd. Turn into the property at either one of the 2 access drives either by Discount Tire or Dunn Edwards. Geo Lat: 33.322386 Geo Lon: -111.757171

Status Change Date: 2015-02-18 Off Market Date: 2015-02-18 Under Contract Date: 2014-10-16 Close of Escrow Date: 2015-01-19 Sold Price: $4,200,000

Township: 1S Range: 6E Section: 20 Lot Number: 4

List Agent Cell Phn2: (602) 501-7199

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

Building Type: Commercial Current Use: Mixed Use; Religious Facility; Restaurant; Medical/Dental; Retail Stories: 1 Story Construction: Block Roofing: Rolled Floors: Concrete Ceiling Height: 10.1 Feet to 12 Feet Cooling: Heat Pump Loading Facilities: None Interior: Finished; Fire Sprinklers; Private Restrooms Exterior: Sprinkler Sys-Ground; Landscaping; Building Sign; Monument Sign Fencing: Block Parking: Free; Private Parking; Paved Parking Electric: SRP Gas: SW Gas Water: City Franchise Sewer: Sewer - Public New Financing: Cash Only Source of Fincl Data: Projected Proforma Existing 1st Loan: Private; Treat as Free&Clear Existing 1st Ln Type: Fixed Existing 1st Ln Trms: Non Assumable Existing 2nd Loan: Other (See Remarks) Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Othr Ln Trm: Not Applicable Traffic Count: 35,001 to 50,000 Use Restrictions: CC&R's; Currently Leased Environmental: None