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
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