25560 W US HIGHWAY 85, 15, Buckeye, AZ 85326
$3,700,000
Property Type:
Comm/Industry Sale
Square Footage:
12,945
Lot Size (sq. ft.):
60,592
Status:
Closed
Current Price:
$3,700,000
List Date:
9/17/2023
Last Modified:
9/22/2023
Description
Iron Mill Plaza at 25560 W MC 85 is an opportunity to own a 12,994-square-foot office building with a large ground area two blocks from Downtown Buckeye. Presently set up as an executive office, the property can be modified into a manufacturing facility. The current owner operates a large silk-screening company and is open to arranging a leaseback if the new owner desires. Situated on 1.39 acres, zoned C-3 and R-143 for the County of Maricopa, the property has a well and septic on site, plus a large parking area.
Nearly two blocks from downtown Buckeye, the Iron Mill Plaza is on the main road of Highway 85, central to the restaurants, retail, and services on Monroe Avenue. An easy-to-view office on Highway 85 that is heavily traveled by over 10,000 cars daily. Commuting is a breeze from t
Supplements: Commuting is a breeze from the property as Interstate 10 is nine minutes away. Buckeye, Arizona, is a small residential community with a scenic rugged desert landscape. A bustling area with a suburban feel, just 38 miles from Phoenix. The property is in a high-development area near all the new distribution centers, with more to come, bringing many new industries and residents to the area. With a population of 31,575 residents within five miles, estimated to grow 2.6% in five years, the Iron Mill Plaza is the ideal destination to set up shop, with endless possibilities and chances to thrive in a rapidly growing area.
More Information MLS# 6488518
Contract Info
Current Price: $3,700,000
Sold Price: $3,700,000
Status: Closed
List Date: 2022-11-11
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: S24
House Number: 25560
Compass: W
Street Name: US HIGHWAY 85
St Suffix: --
City/Town Code: Buckeye
State/Province: AZ
Zip Code: 85326
Zip4: 5282
Country: USA
County Code: Maricopa
Assessor Number: 400-32-001-L
Tax Year: 2022
General Property Description
Ttl Apx SqFt Bldg: 12945
# of Buildings: 1
Year Built: 1976
Uncvrd Parking Spcs: 30
Zoning: C-G, R-43
Remarks Misc
Cross Street: MC 85 and Miller Rd
Directions: Follow AZ-101 Loop W and I-10 W to N Miller Rd. Take exit 114 from I-10 W.
South to MC 85 (main street in Buckeye) west to Property. Property is on the North side of the road.
Geo Lat: 33.370897
Geo Lon: -112.59975
Status Change Info
Status Change Date: 2023-09-22
Off Market Date: 2023-09-17
Under Contract Date: 2023-09-17
Close of Escrow Date: 2023-09-22
Sold Price: $3,700,000
Legal Info
Township: 1S
Range: 3W
Section: 6
Income Expenses
Gross Annual Sch Inc: 301541
Net Operating Income: 207967
Sold Info
Loan Type: Carryback
Loan Years: 2
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Industrial; Office; Manufacturing; Distribution/Warehse; Other (See Remarks)
Current Use: Office; Warehouse; Retail; See Remarks
Stories: 1 Story
Construction: Block; Stucco
Roofing: Foam
Floors: Vinyl; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump; 2 or More Units
Cooling: Central A/C; Heat Pump
Loading Facilities: Grade Level
Interior: Finished; Security System; Security Light(s); Alarm System; Private Restrooms; Public Restrooms
Exterior: Roof Sign; Pole Sign; Building Sign
Fencing: None
Parking: Free; Private Parking
Electric: APS; Master Meter; 3 Phase Power
Gas: SW Gas
Water: Domestic Well
Sewer: Septic Tank
New Financing: 1031 Exchange; Other (See Remarks)
Lockbox Type: None
Source of Fincl Data: Provided by Owner
Existing 1st Ln Type: Not Applicable
Traffic Count: Unknown
Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: September - 22 - 2023
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