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
Interior Features
Finished: 1
Fire Sprinklers: 1
Smoke Detector(s): 1
Security System: 1
Security Light(s): 1
Alarm System: 1
Phone System: 1
Private Restrooms: 1
Public Restrooms: 1
Loading Facilities
Grade Level: 1
Road Surface Type
Asphalt: 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
Building Features
Conference Room: 1
Reception Room: 1
Kitchen: 1
Computer Room: 1
Overhead Crane: 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 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
ALTA Survey Availbl: 1
Existing 3rd Loan Terms
Not Applicable: 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
Interior Features: Finished; Fire Sprinklers; Smoke Detector(s); Security System; Security Light(s); Alarm System; Phone System; Private Restrooms; Public Restrooms
Exterior: Sprinkler System-Ground; Landscaping; Storage Yard
Fencing: Partial
Building Features: Conference Room; Reception Room; Kitchen; Computer Room; Overhead Crane
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 1st Loan Type: Fixed
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Road Surface Type: Asphalt
Traffic Count: 35,001 to 50,000
Environmental: Phase I Available; Phase II Available
Listing Office:
RE/MAX Fine Properties
Last Updated: December - 15 - 2016
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