NOT LISTED FOR SALE

1118 N Recker Rd Unit 122 Mesa, AZ 85205

Central Mesa East Neighborhood

Estimated Value: $3,192,575

-- Bed
-- Bath
1,486 Sq Ft
$2,148/Sq Ft Est. Value

Last Sold May 02, 2016

Last sale price $1,238 $1 Per Sq Ft

Est. 257,782% increase in value since last sale

Current estimated payment $18,842/month

284 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of May 2016

April Landlord Promotion: $5.00psf toward Tenant Improvements on a five year lease term and $0.50 annual increases. New suite just built out to vanilla shell. Has industrial height ceilings, concrete flooring, ADA bathroom. Endcap suite 1,486 SF available for immediate move in.

Last Agent to Sell the Property

Patricia Wodrich

HomeSmart License #SA539797000 Listed on: 07/22/2015

Co-Listed By

Alana Holley

Preserve Property Management LLC License #BR580936000

Last Buyer's Agent

Samir Wehbe

Express Realty License #BR568747000

Property Details

Property Type

  • Other

Lot Details

  • Property is zoned LC

Home Design

  • Stucco

Interior Spaces

  • 1,486 Sq Ft Home
  • Concrete Flooring

Parking

  • 75 Open Parking Spaces
  • 75 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Heat Pump System

Community Details

  • Recker Road Shoppes Subdivision

Listing and Financial Details

  • Property Available on 7/22/15
  • The owner pays for management, taxes, common area maintenance, trash collection, sewer, water
  • Assessor Parcel Number 141-78-548-F

Property Details

Property Type

Other

Lot Details

0

Listing Details

  • Cross Street: Brown Road
  • Property Type: Comm/Industry Lease
  • Zoning: LC
  • Lease Info Annual C A M Sq Ft: 0.42
  • Lease Info Annual Lease Price: 14860.0
  • Lease Info Annual Lse Prc P S F: 0.83
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 5
  • Lease Info Space Divisible: No
  • Lease Info Suite Size Avail Max: 1486
  • Tax Year: 2014
  • Directions: South West Corner of Recker Road and Brown Road
  • Co List Office Mls Id: ppml001
  • Co List Office Phone: 480-361-2706
  • Subdivision Name: Recker Road Shoppes
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: F
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 1486.0

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco
  • Roof: Rolled/Hot Mop
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Paved
  • Attached Garage: No
  • Open Parking Spaces: 75.0
  • Total Parking Spaces: 75.0
  • General Property Description:Uncvrd Parking Spcs: 75.0
  • General Property Description:Total Parking Spcs: 75.0
  • Parking Features:Paved: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Additional Parcels: No
  • Parcel #: 141-78-548-F

Rental Info

  • Available Date: 2015-07-22

Multi Family

  • Owner Pays: Management, Taxes, Common Area Maintenance, Trash Collection, Sewer, Water
  • Existing Lease Type: NNN
  • Leasable Area: 1486.0

Tax Info

  • Tax Annual Amount: 20369.0
  • Tax Book Number: 141.00
  • Tax Map Number: 78.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2021
Sold by
Recker Plaza Lllp
Bought by
Luxe Recker Owner Llc
Current Estimated Value
$3,192,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,787,500
Outstanding Balance
$1,628,895
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$1,539,137

Purchase Details

Closed on
Oct 8, 2018
Sold by
Mbr Equity Group Llc
Bought by
Recker Plaza Lllp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
5.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 17, 2015
Sold by
Fpfz Properties Llc
Bought by
Mbr Equity Group Llc

Purchase Details

Closed on
May 25, 2011
Sold by
Csa26 Brown Recker Llc
Bought by
Fpfz Properties Llc

Purchase Details

Closed on
Feb 11, 2010
Sold by
Brown Recker Llc
Bought by
Csa26 Brown Recker Llc

Purchase Details

Closed on
Jun 22, 2007
Sold by
Thunderbird/Ray Plaza Llc
Bought by
Brown Recker Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,085,000
Interest Rate
6.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2005
Sold by
Geller Julian M
Bought by
Thunderbird/Ray Plaza Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.65%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 26, 1996
Sold by
Geller Julian M
Bought by
Atlantic Richfield Company
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Luxe Recker Owner Llc $2,750,000 None Available
Recker Plaza Lllp $1,300,000 Chicago Title Agency Inc
Mbr Equity Group Llc $917,500 First American Title Ins Co
Fpfz Properties Llc $700,000 First American Title
Csa26 Brown Recker Llc $950,000 First Arizona Title Agency
Brown Recker Llc $1,126,000 First American Title
Thunderbird/Ray Plaza Llc $553,738 First American Title
Atlantic Richfield Company $550,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luxe Recker Owner Llc $1,787,500
Previous Owner Recker Plaza Lllp $975,000
Previous Owner Brown Recker Llc $3,085,000
Previous Owner Thunderbird/Ray Plaza Llc $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2016 05/02/16 Sold $1,238 +66.6% $1 / Sq Ft
04/29/2016 04/29/16 Pending -- -- --
07/20/2015 07/20/15 For Sale $743 -- $1 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,522 $143,467 -- --
2024 $15,085 $140,905 -- --
2023 $15,085 $431,545 $117,657 $313,888
2022 $15,207 $371,491 $114,398 $257,093
2021 $15,833 $375,750 $117,666 $258,084
2020 $15,626 $378,792 $120,726 $258,066
2019 $14,600 $340,686 $107,658 $233,028
2018 $14,013 $206,982 $81,756 $125,226
2017 $13,595 $180,000 $71,100 $108,900
2016 $13,342 $104,040 $52,546 $51,494
2015 $13,533 $106,930 $54,006 $52,924
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Patricia Wodrich

    HomeSmart

  • Alana Holley

    Seller Co-Listing Agent in 2016

    Alana Holley

    Preserve Property Management LLC

    (480) 361-2706

    3 Total Sales

    Alana Holley
    Section Image

  • S

    Buyer's Agent in 2016

    Samir Wehbe

    Express Realty

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5310659

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-78-548F

Arizona Maricopa County Mesa 85205 Central Mesa East

1118 N Recker Rd Unit 122, Mesa, AZ

This home is located at 1118 N Recker Rd Unit 122, Mesa, AZ 85205 since 22 July 2015 and is currently estimated at $3,192,575, approximately $2,148 per square foot. 1118 N Recker Rd Unit 122 is a home located in Maricopa County with nearby schools including Mendoza Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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