450 E ELLIOT Road, Chandler, AZ 85225

$3,220,000

Property Type: Comm/Industry Sale Square Footage: 58,559 Lot Size (sq. ft.): 184,285 Status: Closed

Current Price: $3,220,000 List Date: 3/16/2011 Last Modified: 5/23/2020

Overview

Description

BANK OWNED LIGHT INDUSTRIAL BUILDING FOR SALE OR LEASE IN CHANDLER!! SALE PRICE ONLY $63.18/SF!!! 30' clear height. Masonry construction. 10,000 SF Office (air conditioned), 48,559 SF warehouse (evaporative cooler). 5 dock high loading positions with edge of dock levelers, plus 2 grade level ramps. 1600 Amps of 277/480 Volts power. Skylights. Sprinklered. 40' x 40' column spacing. Ample parking. Zoning I-1 Light Industrial. Numerous retail, restaurant and service amenities nearby. (REF GPE3487)

Listing Details MLS# 4552992

Location, Tax & Legal

Map Code/Grid: S39
House Number: 450
Compass: E
Street Name: ELLIOT
St Suffix: Road
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 1379
Country: US
County Code: Maricopa
Subdivision: Misty Mate
Assessor Number: 302-24-426
Tax Year: 2011
Assessor's Map #: 24
Legal Description (Abbrev): MISTY MATE
Assessor's Parcel #: 426
Add'l Parcels: No
Tax Municipality: Chandler
Taxes: 76007.6
Legal: MISTY MATE MCR 996-39
Marketing Name: 450 E ELLIOT ROAD

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Light Industrial
Ttl Apx SqFt Bldg: 58559
Ttl Apx Net Rnt Spc: 58559
# of Buildings: Yes
Year Built: 2008
Uncvrd Parking Spcs: 100
Zoning: I-1

Remarks Misc

Cross Street: E/NEC E. Elliot Road and N. Arizona Avenue
Directions: US 60 (Superstition Freeway) to SR 87 (N. Arizona Avenue) south. East on E. Elliot Road.

Status Change Info

Off Market Date: 2012-01-25
Under Contract Date: 2012-01-23
Close of Escrow Date: 2012-02-01

Legal Info

Township: 1S
Range: 5E
Section: 10
Lot Number: Yes

More Information

Sold Info

Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Block: Yes
Tilt-Up: Yes

Roofing

Other: Yes

Floors

Other: Yes

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: 76007.6
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes
Industrial: Yes
Manufacturing: Yes

Business Type

Mixed: Yes
Professional/Office: Yes
Warehouse: Yes
Wholesale: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Down Payment: 0
Equity: 3700000
Total Owed: 0
Assessment Balance: 0

Ceiling Height

28.1 Feet or Over: Yes

Heating

Electric: Yes

Cooling

Office A/C: Yes
Warehouse Evap: Yes

Interior Features

Finished: Yes

Loading Facilities

Dock Leveler(s): Yes

Road Surface Type

Asphalt: Yes

Exterior

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

Source of Fincl Data

Owner: Yes

Fencing

Partial: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
Paved: Yes

Electric

SRP: Yes

Gas

Other (See Remarks): Yes

New Financing

Cash Only: Yes
Cash to Loan: Yes

Special

REO Property: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: 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

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Other (See Remarks): Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

Other (See Remarks): Yes

Existing Othr Ln Trm

Not Applicable: Yes

Property Features

Building Type: Commercial; Industrial; Manufacturing Business Type: Mixed; Professional/Office; Warehouse; Wholesale Stories: 1 Story Construction: Block; Tilt-Up Roofing: Other Floors: Other Ceiling Height: 28.1 Feet or Over Cooling: Office A/C; Warehouse Evap Loading Facilities: Dock Leveler(s) Interior Features: Finished Exterior: Sprinkler System-Ground; Landscaping; Curb(s) & Gutter(s); Building Sign Fencing: Partial Parking Features: Free; Paved Electric: SRP Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan Special: REO Property Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable 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 Environmental: Other (See Remarks)

Listing Office: Avison Young

Last Updated: May - 23 - 2020