2 W Germann Road -, Chandler, AZ 85286
$6,500,000
Property Type:
Land
Lot Size (sq. ft.):
513,363
Status:
Closed
Current Price:
$6,500,000
List Date:
2/06/2020
Last Modified:
2/03/2025
Description
This property consists of 513,363 SF (11.79 acres) of multifamily and commercially-zoned raw land, located in the heart of Chandler. The commercial zoning runs along Arizona Avenue, with the rest of the property zoned for multifamily. The East Valley of Phoenix has been the primary driver of development growth in recent years and the Phoenix MSA is now predicted to be the number one city in terms of residential development growth in 2017. The property has 785' of street frontage along Arizona Avenue and has 640' of street frontage along Germann Road. The property is one mile from the Loop 202, which provides great accessibility to the rest of the Valley and within close proximity to Downtown Chandler, Gilbert Crossroads Towne Center, Chandler Municipal Airport.
More Information MLS# 5953013
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $6,500,000
Sold Price: $6,500,000
Status: Closed
List Date: 2019-07-01
Location, Tax & Legal
Lot #: -
Assessor's Map #: 27
Legal Description (Abbrev): POR SE4 SE4 SEC 4 DAF COM SE COR SD SEC 4 TH S 88D 54M W 758.05F TH N 55F TO POB TH N 610.04F TH N 8
Assessor's Parcel #: 17
Assessor Parcel Ltr: W
Add'l Parcels: No
Tax Municipality: Chandler
Census Tract: 812000
Taxes: 210.36
Marketing Name: VACANT LAND - C-2 & MF-3
Map Code/Grid: U38
House Number: 2
Compass: W
Street Name: Germann
St Suffix: Road
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85286
County Code: Maricopa
Assessor Number: 303-27-017-W
Tax Year: 2018
General Property Description
Apx Total Acres: 11.79
Apx Total Acres G/N: G
Price Per Acre: 551314.67
Apx SqFt: 513363
Price Per SqFt: 12.66
Apx SqFt G/N: G
Lot Size Dimensions: +/- 580x110x245x564x30x376x410x14x208x14x431
Street Frontage: 1425
Zoning: C-2 & M-3
Legal Info
Range: 5E
Section: 4
Township: 2S
Lot Number: -
Special Listing Cond
N/A: 1
Pmt & Rate Info
Equity: 6500000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Lockbox Type
None: 1
Existing Land Use
Residential Lot: 1
Commercial Lot: 1
Other (See Rmks): 1
Zoned Presently
Multi-Family: 1
Commercial: 1
Other (See Rmks): 1
Parcel Size
10.00 - 19.99 Acres: 1
Fencing
None: 1
Water Source
Other: 1
See Remarks: 1
Sewer
Other: 1
Electric
Other (See Rmks): 1
Gas
Other (See Rmks): 1
Distance to Cable
Call Listing Office: 1
New Financing
Other (See Rmks): 1
Distance to Phone
Call Listing Office: 1
Distance to Water
Call Listing Office: 1
Existing 1st Loan
Other (See Rmks): 1
Distance to Electric
Call Listing Office: 1
Existing 1st Loan Type
Not Applicable: 1
Distance to Gas
Call Listing Office: 1
Existing 1st Loan Terms
Not Applicable: 1
Distance to Sewer
Call Listing Office: 1
Existing 2nd Loan
Other (See Rmks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Rmks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Other (See Rmks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Other (See Rmks): 1
Existing Other Loan
Not Applicable: 1
Sold Info
Loan Type: Other
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Arizona Ave & Germann Road
Directions: Located 1 mile from Loop 202 and close to Downtown Chandler, Gilbert Crossroads Towne Center, Chandler-Gilbert Community College, and the Chandler Municipal Airport.
Geo Lat: 33.277279
Geo Lon: -111.842351
Status Change Info
Off Market Date: 2020-04-28
Under Contract Date: 2019-09-17
Close of Escrow Date: 2020-04-27
Sold Price: $6,500,000
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot; Commercial Lot; Other (See Rmks)
Zoned Presently: Multi-Family; Commercial; Other (See Rmks)
Parcel Size: 10.00 - 19.99 Acres
Water Source: Other; See Remarks
Sewer: Other
Electric: Other (See Rmks)
Gas: Other (See Rmks)
Distance to Cable: Call Listing Office
Distance to Phone: Call Listing Office
Distance to Water: Call Listing Office
Distance to Electric: Call Listing Office
Distance to Gas: Call Listing Office
Distance to Sewer: Call Listing Office
Existing 1st Loan: Other (See Rmks)
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Rmks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Rmks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Other Loan: Not Applicable
New Financing: Other (See Rmks)
Environmental: Other (See Rmks)
Lockbox Type: None
Fencing: None
Listing Office:
Sperry Commercial
Last Updated: February - 03 - 2025
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