1534 E RAY Road, Gilbert, AZ 85296
$4,200,000
Property Type:
Comm/Industry Sale
Square Footage:
24,209
Lot Size (sq. ft.):
128,287
Status:
Closed
Current Price:
$4,200,000
List Date:
5/23/2014
Last Modified:
2/18/2015
Overview
Description
Great neighboorhood retail property at 94% occupancy. Good tenant mix with long term tenants and leases.
Listing Details MLS# 5120343
Location, Tax & Legal
- Map Code/Grid
- T40
- House Number
- 1534
- Compass
- E
- Street Name
- RAY
- St Suffix
- Road
- City/Town Code
- Gilbert
- State/Province
- AZ
- Zip Code
- 85296
- Zip4
- 4429
- County Code
- Maricopa
- Assessor Number
- 304-25-915
- Tax Year
- 2013
- Assessor's Map #
- 25
- Legal Description (Abbrev)
- WESTERN SKIES VILLAGE
- Assessor's Parcel #
- 915
- Add'l Parcels
- No
- Tax Municipality
- Gilbert
- Census Tract
- 814500
- Taxes
- 40086.62
- Legal
- WESTERN SKIES VILLAGE MCR 558-21
- Marketing Name
- Western Skies Village
Contract Info
- Ownership
- Fee Simple
General Property Description
- Type of Property
- Commercial Retail
- Ttl Apx SqFt Bldg
- 24209
- # of Buildings
- Yes
- Year Built
- 2002
- Uncvrd Parking Spcs
- 96
- Zoning
- NC
Remarks Misc
- Cross Street
- Ray Road & Val Vista Drive
- Directions
- Loop 202 San Tan Freeway East, exit Val Vista Dr, Head North on Val Vista and turn West on Ray Rd. Turn into the property at either one of the 2 access drives either by Discount Tire or Dunn Edwards.
Status Change Info
- Off Market Date
- 2015-02-18
- Under Contract Date
- 2014-10-16
- Close of Escrow Date
- 2015-01-19
Legal Info
- Township
- 1S
- Range
- 6E
- Section
- 20
- Lot Number
- 4
More Information
Contact Info
- List Agent Cell Phn2
- (602) 501-7199
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
Roofing
- Rolled
- Yes
Floors
- Concrete
- 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
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 0
Building Type
- Commercial
- Yes
Business Type
- Dental
- Yes
- Mixed
- Yes
- Religious Facility
- Yes
- Restaurant
- Yes
- Medical
- Yes
- Retail
- Yes
Stories
- 1 Story
- Yes
Pmt & Rate Info
- Down Payment
- 50000
- Equity
- 5023500
- Total Owed
- 0
- Assessment Balance
- 0
Ceiling Height
- 10.1 Feet to 12 Feet
- Yes
Heating
- Electric
- Yes
Cooling
- Heat Pump
- Yes
Interior Features
- Finished
- Yes
- Fire Sprinklers
- Yes
- Private Restrooms
- Yes
Loading Facilities
- None
- Yes
Road Surface Type
- Asphalt
- Yes
Exterior
- Sprinkler System-Ground
- Yes
- Landscaping
- Yes
- Building Sign
- Yes
- Monument Sign
- Yes
Source of Fincl Data
- Projected Proforma
- Yes
Traffic Count
- 35,001 to 50,000
- Yes
Fencing
- Block
- Yes
Water Source
- City Franchise
- Yes
Freeway/Highway
- 1.1 - 2 Miles
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Free
- Yes
- Private
- Yes
- Paved
- Yes
Electric
- SRP
- Yes
Gas
- SW Gas
- Yes
New Financing
- Cash Only
- Yes
Existing 1st Loan
- Private
- Yes
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Fixed
- Yes
Existing 1st Loan Terms
- Non Assumable
- 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
Use Restrictions
- CC&R's
- Yes
- Currently Leased
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Property Features
Building Type:
Commercial
Business Type:
Dental; Mixed; Religious Facility; Restaurant; Medical; Retail
Stories:
1 Story
Construction:
Block
Roofing:
Rolled
Floors:
Concrete
Ceiling Height:
10.1 Feet to 12 Feet
Cooling:
Heat Pump
Loading Facilities:
None
Interior Features:
Finished; Fire Sprinklers; Private Restrooms
Exterior:
Sprinkler System-Ground; Landscaping; Building Sign; Monument Sign
Fencing:
Block
Parking Features:
Free; Private; Paved
Electric:
SRP
Gas:
SW Gas
Water Source:
City Franchise
Sewer:
Sewer - Public
New Financing:
Cash Only
Source of Fincl Data:
Projected Proforma
Existing 1st Loan:
Private; Treat as Free&Clear
Existing 1st Loan Type:
Fixed
Existing 1st Loan Terms:
Non Assumable
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
Use Restrictions:
CC&R's; Currently Leased
Environmental:
None
Listing Office:
Preserve Property Management LLC
Last Updated: February - 18 - 2015
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