2043 S ELLSWORTH Road, Mesa, AZ 85209 - MLS #5723461

images$4,485,000 images******** Beds

images******** Bath images10,702 sqft images2003

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Description

Augusta Ranch Outparcels are part of The Village at Augusta Ranch, a successful Albertsons neighborhood shopping center. The Offering includes two buildings featuring Starbucks, Cactus Valley Pools (Poolwerx), Yogi’s Grill, State Farm, Lee Eyecare Center, Sol Azteca Mexican Food Restaurant and Soda Rush. Starbucks recently renewed their lease for 10 years and have been operating at this location since 2002, while State Farm recently renewed for 7 years and Yogi’s Grill renewed for 10 years, boboth have been in business at Augusta Ranch since 2007, proving their success at this location. Augusta Ranch Outparcels offers stable in-place income from a strong tenant mix of both national and local tenants.

Property Features
Building Type: Commercial
Business Type: Dental; Service Business; Restaurant; Fast Food; Medical; Retail
Stories: 1 Story
Construction: Block; Stucco; Wood Frame
Roofing: Built-Up; Tile
Floors: Concrete; Wood; Ceramic Tile; Carpet
Ceiling Height: 16.1 Feet to 28 Feet
Cooling: Central Air
Loading Facilities: None
Interior Features: Finished
Exterior: Corner Lot; Dual Street Ftg; Sprinkler System-Ground; Landscaping; Curb(s) & Gutter(s); Building Sign; Sidewalk(s); Monument Sign; Security Light(s)
Fencing: Block; Partial
Parking Features: Free; Parking Lot
Electric: SRP
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: 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
Traffic Count: 35,001 to 50,000
Use Restrictions: CC&R's
Environmental: Phase I Available
Contract Info
Current Price: $4,485,000
Sold Price: $4,485,000
Status: Closed
List Date: 2018-02-14
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: S43
House Number: 2043
Compass: S
Street Name: ELLSWORTH
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85209
Zip4: 1224
County Code: Maricopa
Subdivision: VILLAGE AT AUGUSTA RANCH
Assessor Number: 312-01-966
Tax Year: 2017
General Property Description
Type of Property: Retail Investment
Ttl Apx SqFt Bldg: 10702
Ttl Apx Net Rnt Spc: 10122
# of Buildings: 2
Year Built: 2003
Uncvrd Parking Spcs: 89
Zoning: C-2
Remarks Misc
Cross Street: Baseline and Ellsworth
Directions: US 60 to Ellsworth. South to property. Two outparcels. One at 2043 S. Ellsworth Rd., and the other at 9265 E. Baseline Rd.
Geo Lat: 33.379046
Geo Lon: -111.636171
Status Change Info
Off Market Date: 2018-07-24
Under Contract Date: 2018-05-21
Close of Escrow Date: 2018-07-23
Sold Price: $4,485,000
Legal Info
Township: 1S
Range: 7E
Section: 3
Lot Number: 4
Income Expenses
Gross Annual Sch Inc: 354250
Net Operating Income: 280125.3
Sold Info
Loan Type: Conventional
Loan Years: 10
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: $