$1,465,000
Glendale, AZ 85301
MLS# 6552773
Status: Closed
Property Description
Do not bother tenants without contacting Joe Hume (List Agent). The offering consists of 3 free standing buildings. Auto repair, Hot Pizza/wings restaurant and a Polibertos mexican food.
Details
Maps
Contract Info
Current Price: $1,465,000
Sold Price: $1,465,000
Status: Closed
List Date: 2023-05-01
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: N32
House Number: 4310 -4322
Compass: N
Street Name: 43rd
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 7603
Country: USA
County Code: Maricopa
Building Number: 4310, 4318, 4322
Legal Description (Abbrev): S2 SE4 SE4 SE4 SEC 4 EX W 321.42F P/F 07-1317614 & EX E 40F & EX BEG 40F W & 40F N OF SE COR SD SEC
Subdivision: NWC 43rd Avenue and Glendale Avenue
1.45 acres
Assessor's Map #: 8
Assessor's Parcel #: 10
Assessor Parcel Ltr: D
Add'l Parcels: No
Assessor Number: 147-08-010-D
Census Tract: 92402
Legal: S2 SE4 SE4 SE4 SEC 4 EX W 321.42F P/F 07-1317614 & EX E 40F & EX BEG 40F W & 40F N OF SE COR SD SEC
Tax Municipality: Glendale
Taxes: 22343
Tax Year: 2022
General Property Description
Type of Property: Commercial - C-3
Ttl Apx SqFt Bldg: 9787
Ttl Apx Net Rnt Spc: 148351
# of Buildings: 3
Year Built: 2000
Uncvrd Parking Spcs: 60
Zoning: C-3
Flood Zone: No
Remarks & Misc
Cross Street: Glendale & 43rd Avenue
Directions: NWC 43rd Ave, and Glendale Ave.
Geo Lat: 33.538888
Geo Lon: -112.152111
Status Change Info
Status Change Date: 2023-06-22
Off Market Date: 2023-05-09
Under Contract Date: 2023-05-09
Close of Escrow Date: 2023-06-21
Sold Price: $1,465,000
Legal Info
Township: 2N
Range: 2E
Section: 4
Lot Number: 147-08-010D
Income & Expenses
Annual Ins Exp: 1000
Annual Landscape Exp: 500
Annual Maint Exp: 8500
Annual Mgmt Exp: 4000
Owner Association: No
Annual Rplcmnt Rsrvs: 1000
Annual Other Expense: 22343
Gross Annual Sch Inc: 140934
Other Income: 4469
Vacancy Allowance: 0.05
Adjusted Gross Inc: 138132.85
Net Operating Income: 103591
Pmt & Rate Info
Down Payment: 1450000
Cap Rate: 7.14
1st Payment Freq: None
2nd Payment Freq: None
3rd Payment Freq: None
Equity: 1450000
Contact Info
List Agent Home Phn: 480-968-4236
Sold Info
Loan Type: Conventional
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Building Type: Commercial
Current Use: Automobile; Restaurant; Fast Food; Food Service
Stories: 1 Story
Construction: Block; Stucco; Frame - Wood
Roofing: Foam
Floors: Concrete
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Other
Cooling: Other
Loading Facilities: Other (See Remarks)
Interior: Other (See Remarks)
Exterior: Corner Lot
Fencing: Other
Parking: Free; Public Parking; Paved Parking
Electric: Individual Meter
Gas: Other (See Remarks)
Water: Individual Meter
Sewer: Sewer - Public
Showing Notification Methods: Phone Call
Lockbox Type: None
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt; Dedicated Street; Sidewalk(s)
Traffic Count: 25,001 to 35,000
Reports/Disclosures: Boundary Survey Avlb; ALTA Survey Availbl
Use Restrictions: Currently Leased
Environmental: Phase I Available; Phase II Available; None
Listing Office: Arcadia Realty Inc
Last Updated: June - 22 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.