14155 W BELL Road, Surprise, AZ 85374

$4,618,660

Property Type: Comm/Industry Sale Square Footage: 12,948 Lot Size (sq. ft.): 94,854 Status: Closed

Current Price: $4,618,660 List Date: 5/23/2019 Last Modified: 1/29/2025

Overview

Description

Town Square at Surprise is an Ideal, 100% leased investment opportunity. It boasts a strong tenant line up cosisting of over 70% of national tenants. Located next to prominent retailers and restaurants such as In n Out, Starbucks, Panera, Red Robin, Comerica Bank, Dignity Health, and Kohl's department store to name a few. Please download the OM for full property information and drone video.

Listing Details MLS# 5930243

Location, Tax & Legal

Map Code/Grid: L28
House Number: 14155
Compass: W
Street Name: BELL
St Suffix: Road
City/Town Code: Surprise
State/Province: AZ
Zip Code: 85374
Zip4: 4186
County Code: Maricopa
Subdivision: CITY AT SURPRISE PHASE 2
Assessor Number: 501-18-539
Tax Year: 2018
Assessor's Map #: 18
Legal Description (Abbrev): LOT 2 CITY AT SURPRISE PHASE 2 MCR 116023
Assessor's Parcel #: 539
Add'l Parcels: No
Tax Municipality: Surprise
Census Tract: 61028
Taxes: 42730
Legal: LOT 2 CITY AT SURPRISE PHASE 2 MCR 116023
Marketing Name: Town Square at Surprise

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Retail Investment
Ttl Apx SqFt Bldg: 12948
# of Buildings: Yes
Year Built: 2008
Uncvrd Parking Spcs: 134
Zoning: PAD

Remarks Misc

Cross Street: Bell Rd./Litchfield
Directions: Fronts Bell Road just West of Litchfield.

Status Change Info

Off Market Date: 2019-08-01
Under Contract Date: 2019-08-01
Close of Escrow Date: 2019-10-01

Legal Info

Township: 3N
Range: 1W
Section: 4
Lot Number: 2

More Information

Income Expenses

Gross Annual Sch Inc: 450730
Net Operating Income: 324354

Sold Info

Loan Type: Conventional
Loan Years: 25
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Block: Yes

Roofing

Built-Up: Yes
Foam: Yes

Floors

Concrete: Yes
Sealed: Yes
Ceramic Tile: Yes
Carpet: Yes

Income & Expenses

Annual Elec Exp: 18791
Annual Gas Exp: 0
Annual Ins Exp: 3575
Annual Land Lse Exp: 0
Annual Landscape Exp: 11700
Annual Legal & Acctg: 0
Annual Maint Exp: 20300
Annual Mgmt Exp: 8400
Annual Trash Exp: 5200
Annual Wtr/Swr Exp: 0
Owner Association: Yes
Annual Ownr Asoc Fee: 10880
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 2000
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 450730

Building Type

Commercial: Yes

Business Type

Retail: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Cap Rate: 6.62
Down Payment: 4900000
Equity: 4900000
Total Owed: 0
Assessment Balance: 0

Ceiling Height

16.1 Feet to 28 Feet: Yes

Heating

Electric: Yes
Natural Gas: Yes

Cooling

Central Air: Yes

Interior Features

Finished: Yes
Fire Sprinklers: Yes
Smoke Detector(s): Yes
Security System: Yes
Security Light(s): Yes
Alarm System: Yes
Phone System: Yes
Private Restrooms: Yes
Public Restrooms: Yes

Loading Facilities

None: Yes

Road Surface Type

Asphalt: Yes

Exterior

Sprinkler System-Ground: Yes
Landscaping: Yes
Curb(s) & Gutter(s): Yes
Building Sign: Yes
Sidewalk(s): Yes
Security Light(s): Yes

Source of Fincl Data

Owner: Yes

Traffic Count

35,001 to 50,000: Yes

Fencing

Block: Yes
Partial: Yes

Water Source

City Franchise: Yes

Freeway/Highway

2.1 - 5 Miles: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
Parking Lot: Yes
Private: Yes
Paved: Yes

Electric

APS: Yes
Submetered System: Yes

Gas

SW Gas: Yes
City Gas: Yes

New Financing

Cash Only: Yes
Cash to Loan: Yes
1031 Exchange: Yes

Existing 1st Loan

Other (See Rmks): Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Assume-Qualify: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Use Restrictions

CC&R's: Yes
Airport Flight Zone: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

ALTA Survey Availbl: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

Phase I Available: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Property Features

Building Type: Commercial Business Type: Retail Stories: 1 Story Construction: Block Roofing: Built-Up; Foam Floors: Concrete; Sealed; Ceramic Tile; Carpet Ceiling Height: 16.1 Feet to 28 Feet Heating: Natural Gas Cooling: Central Air Loading Facilities: None 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; Curb(s) & Gutter(s); Building Sign; Sidewalk(s); Security Light(s) Fencing: Block; Partial Parking Features: Free; Parking Lot; Private; Paved Electric: APS; Submetered System Gas: SW Gas; City Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan; 1031 Exchange Source of Fincl Data: Owner Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Assume-Qualify Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear 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 Use Restrictions: CC&R's; Airport Flight Zone Environmental: Phase I Available

Listing Office: Cardon Commercial

Last Updated: January - 29 - 2025