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

Overview

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.

Listing Details MLS# 5371191

Location, Tax & Legal

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
Country: US
County Code: Maricopa
Assessor Number: 141-42-004-X
Tax Year: 2015
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

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 45066
# of Buildings: 2
Year Built: 2000
Volts/Amps: 800 and 2000
Uncvrd Parking Spcs: 50
Zoning: industrial

Remarks Misc

Cross Street: Highley & McDowell Rd
Directions: East on McDowell Rd about 1 mile to property on left of street

Status Change Info

Off Market Date: 2016-09-14
Under Contract Date: 2016-09-02
Close of Escrow Date: 2016-12-14

Legal Info

Township: 2N
Range: 6E
Section: 35

More Information

Bay Info

# of Bays: 2
# of Bay Doors: 2
Bay Door Height: 16

Sold Info

Loan Type: Carryback
Loan Years: 5
Payment Type: Interest Only
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Block: Yes
Metal: Yes

Roofing

Built-Up: Yes
Metal: Yes

Floors

Concrete: Yes
Vinyl: Yes
Sealed: Yes
Carpet: 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: 35118
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes
Industrial: Yes
Office: Yes
Manufacturing: Yes
Distribution/Warehouse: Yes

Business Type

Other: Yes
See Remarks: Yes

Stories

2 Stories: Yes

Pmt & Rate Info

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

Ceiling Height

16.1 Feet to 28 Feet: Yes

Heating

Natural Gas: Yes

Cooling

Central Air: Yes
Office A/C: Yes
Warehouse A/C: Yes
Warehouse Evap: 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

Grade Level: Yes

Road Surface Type

Asphalt: Yes

Exterior

Sprinkler System-Ground: Yes
Landscaping: Yes
Storage Yard: Yes

Source of Fincl Data

Unknown: Yes

Traffic Count

35,001 to 50,000: Yes

Fencing

Partial: Yes

Water Source

City Franchise: Yes

Building Features

Conference Room: Yes
Reception Room: Yes
Kitchen: Yes
Computer Room: Yes
Overhead Crane: Yes

Sewer

Sewer - Public: Yes

Parking Features

Parking Lot: Yes
Private: Yes
Paved: Yes

Electric

SRP: Yes
Generator: Yes

Gas

City Gas: Yes

New Financing

Cash Only: Yes
Sale/Leaseback: Yes

Existing 1st Loan

SBA: Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Other (See Remarks): Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Other (See Remarks): 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
Phase II Available: Yes

Existing Othr Ln Trm

Not Applicable: Yes

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