NOT LISTED FOR SALE
Studio
-- Bath
4,710 Sq Ft
20,473 Sq Ft

Last Sold April 28, 2017

Last sale price $1,150,000 $244 Per Sq Ft

62 Days on Market

Highlights

  • 0.47 Acre Lot
  • Community Kitchen
  • Central Air
  • Franklin at Brimhall Elementary School Rated A
  • Skylights
  • 4-minute walk to Granite Reef Park

About This Home

As of April 2017

Nice facility in Great location! Facility is located near loop 202 and services Mesa, Red Mountain & Las Sendas Communities. Long term tenants with strong financials, operating 5 locations for over 16 years. Absolute NNN lease in place. Tenants keep the facility in great condition, pride of operation shows. Don't forget to check out the virtual tour :-)

Last Agent to Sell the Property

Daniel Frederick

Realty ONE Group License #SA553295000 Listed on: 02/04/2017

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,031

Year Built

  • Built in 1991

Lot Details

  • 0.47 Acre Lot
  • Block Wall Fence
  • Property is zoned OC

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 4,710 Sq Ft Home
  • Skylights

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Community Details

  • Granite Reef Estates 3 Subdivision
  • Community Kitchen
  • Net Operating Income $85,637

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 141-64-095

Property Details

Property Type

Other

Est. Annual Taxes

$5,031

Year Built

Built in 1991

Lot Details

0.47 Acres

Listing Details

  • Cross Street: Power & Brown Rd
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Sale
  • Zoning: OC
  • Number Of Buildings: 1
  • Year Built: 1991
  • Tax Year: 2016
  • Lot Size Acres: 0.47
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: GRANITE REEF ESTATES 3
  • Structure Type: Commercial
  • Special Features: VirtualTour
  • Property Sub Type: Other

Exterior Features

  • Fencing: Block
  • Construction Type: Frame - Wood, Stucco
  • Roof: See Remarks, Tile
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Private Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Kitchen, Skylight(s)
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Skylight(s)2: Yes

Lot Info

  • Lot Size Sq Ft: 20387.0
  • Additional Parcels: No
  • Parcel #: 141-64-095
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 85637.0

Tax Info

  • Tax Annual Amount: 5031.0
  • Tax Book Number: 141.00
  • Tax Lot: 2
  • Tax Map Number: 64.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2017
Sold by
Store Master Funding X Llc
Bought by
Store Master Funding Iii Llc

Purchase Details

Listed on
Feb 4, 2017
Closed on
Apr 26, 2017
Sold by
Aronoff Richard N and Aronoff Carol A
Bought by
Store Master Funding X Llc
Seller's Agent
Daniel Frederick
Realty ONE Group
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,150,000
Sold Price
$1,150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,160,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2016
Sold by
Mesa Preschool Llc
Bought by
Aronoff Family Trust and Arnoff Carol A

Purchase Details

Closed on
Jun 23, 2015
Sold by
Aronoff Richard N and Aronoff Carol A
Bought by
Mesa Preschool Llc

Purchase Details

Closed on
Apr 16, 2013
Sold by
Moore Opportunity Regarding Education In
Bought by
Aronoff Carol A and Aronoff Richard N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 18, 2004
Sold by
Gonzalez Julio T and Gonzalez Linda M
Bought by
More Opportunity Regarding Education Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,820
Interest Rate
5.79%
Mortgage Type
Commercial
Source: Public Records
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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
Store Master Funding Iii Llc $1,174,775 Accommodation
Store Master Funding X Llc $1,150,000 First American Title Insuran
Aronoff Family Trust -- None Available
Mesa Preschool Llc -- None Available
Aronoff Carol A $995,000 Security Title Agency
More Opportunity Regarding Education Inc $657,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Store Master Funding X Llc $1,160,000
Previous Owner Aronoff Carol A $600,000
Previous Owner More Opportunity Regarding Education Inc $264,820
Closed More Opportunity Regarding Education Inc $331,025
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2017 04/28/17 Sold $1,150,000 0.0% $244 / Sq Ft
04/07/2017 04/07/17 Pending -- -- --
02/04/2017 02/04/17 For Sale $1,150,000 -- $244 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $6,004 $60,854 -- --
2024 $6,022 $57,956 -- --
2023 $6,022 $62,920 $18,550 $44,370
2022 $5,898 $59,790 $19,960 $39,830
2021 $5,970 $60,520 $19,960 $40,560
2020 $5,892 $61,510 $20,070 $41,440
2019 $5,505 $58,420 $17,730 $40,690
2018 $5,283 $55,510 $14,020 $41,490
2017 $5,126 $51,660 $12,980 $38,680
2016 $5,031 $47,970 $11,590 $36,380
2015 $4,728 $39,960 $11,710 $28,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5556824

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-64-095

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