$975
SOLD MAY 12, 2016

1550 E University Dr Unit G Mesa, AZ 85203

Mesa Patios Neighborhood
-- Bed
-- Bath
1,200 Sq Ft
1,200 Sq Ft Lot

Recently Sold

$1 Per Sq Ft

251 Days on Market

Highlights

  • Wood Flooring
  • Skylights
  • Central Air
  • Franklin at Brimhall Elementary School Rated A
  • Display Windows
  • Partially Fenced Property

About This Home

As of March 2022

Quality Office, Very Well Maintained Complex, Suite G is Directly off Parking Lot, very visible. This specific office is stand alone & has all wood laminate floors T/O. 4 Skylights provide natural light in addition to Florissant lighting. Building has entrance 3 doors for your convenience. Suite has 2 private offices, a Storage/Break room w/ bar type sink Water & Drain, large open area that is ''L'' shaped. Interior walls are mostly painted white with 2 accent walls in the lobby entrance area. The complex offers Community Bathrooms & they are located just west of the Unit. Suite is Clean & ready to be your office. Furniture can be purchased or leased at agreed number & works well with this office configuration. Business name plaque ID on Parking Lot signage. Please See Supplemental Remarks Window signs allowed. Suite effectively is AS IS - It is in great shape, has great work flow for productive office. Former Insurance Office with multiple agents & Support Staff.

Gross Lease: Tenant Pays for own janitioral (Dumpster for complex located in rear alley of complex to North) & SRP Electric Service to Space. Rent is Plus Privilage Sales Tax on rent. NOTE: if owner expenses (RE Taxes + Insurance + OAF {HOA}) exceed $3.71 PSF any overage is passed along to tenant and will be billed annually in January of each year or if perminate adjustment the Monthly rent will be adjusted.

Quality complex, Mostly Owners, few tenants quite but busy complex.

EZ access to: US 60 Via Stapley & Gilbert, Easy Access to SR202 Via Gilbert & McKellips. +/- :20 to Sky Harbor & +/- :30 to Phoneix Mesa Gateway, Light Rail Currently at Mesa Drive & Main Street 2 miles to the West & South. Bus Service Very near by.

Complex well lit at night, On Site Pedistal Mail Boxes. Suite has Secuirty for tenant to take over as well if desired.

Thanks for your consideration.

Last Agent to Sell the Property

Richard Wood

R.L. Wood & Company, L.L.C License #BR003616000 Listed on: 09/07/2015

Last Buyer's Agent

Richard Wood

R.L. Wood & Company, L.L.C License #BR003616000 Listed on: 09/07/2015

Property Details

Property Type

  • Other

Year Built

  • Built in 1976

Lot Details

  • 1,200 Sq Ft Lot
  • Partially Fenced Property
  • Block Wall Fence
  • Property is zoned C2-Limited Comm

Home Design

  • Built-Up Roof
  • Foam Roof
  • Block Exterior

Interior Spaces

  • Skylights
  • Display Windows

Flooring

  • Wood
  • Concrete

Parking

  • 30 Open Parking Spaces
  • 30 Parking Spaces

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter
  • Fiber Optics Available

Community Details

  • University East Subdivision

Listing and Financial Details

  • Property Available on 9/7/15
  • Tax Lot 17
  • Assessor Parcel Number 137-39-079-A

Property Details

Property Type

Other

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Cross Street: University & Harris
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Lease
  • Zoning: C2-Limited Comm
  • Current Use: Office
  • Number Of Buildings: 1
  • Lease Info Annual C A M Sq Ft: 3.71
  • Lease Info Annual Exp Stop Sq Ft: 3.03
  • Lease Info Annual Lease Price: 11700.0
  • Lease Info Annual Lse Prc P S F: 9.75
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 1-10
  • Lease Info Space Divisible: Yes
  • Lease Info Suite Floor Location: Ground
  • Lease Info Suite Size Avail Max: 1200
  • Year Built: 1976
  • Tax Year: 2015
  • Directions: West of Gilbert Road +/- 1/2 Mile, East of Stapley Drive +/- 1/2 Mile to North Harris Street - Office Condo Complex on NWC of Harris & University Drive.- constructed of Red Slump Block
  • Lot Size Acres: 0.03
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: UNIVERSITY EAST
  • Structure Type: Office
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood, Concrete

Exterior Features

  • Fencing: Block, Partial
  • Disclosures: None
  • Construction Type: Block
  • Roof: Built-Up, Foam
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 30.0
  • Total Parking Spaces: 30.0
  • General Property Description:Uncvrd Parking Spcs: 30.0
  • General Property Description:Total Parking Spcs: 30.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Office A/C, Central A/C
  • Heating: Office Heated, Electric
  • Green Building Features: Fiber Optic Availble, Skylight(s), Display Window(s)
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Office Heated: Yes

Association/Amenities

  • Amenities:Display Window(s): Yes
  • Amenities:Skylight(s)2: Yes
  • Amenities:Fiber Optic Availble: Yes

Lot Info

  • Lot Size Sq Ft: 1200.0
  • Additional Parcels: No
  • Parcel #: 137-39-079-A
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2015-09-07

Multi Family

  • Leasable Area: 1200.0

Tax Info

  • Tax Annual Amount: 1019.0
  • Tax Book Number: 137.00
  • Tax Lot: 17
  • Tax Map Number: 39.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2025
Sold by
1550 E University Dr G Llc
Bought by
Forth And First Enterprises
Current Estimated Value
$190,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Outstanding Balance
$161,227
Interest Rate
6.85%
Mortgage Type
Seller Take Back
Estimated Equity
$40,607

Purchase Details

Listed on
Feb 17, 2022
Closed on
Mar 14, 2022
Sold by
Dh Investment Properties Llc
Bought by
1550 E University Dr G Llc
Seller's Agent
Richard Allen
Sureway Inc
Buyer's Agent
Alex Thomas
EPL Realty Group, LLC
List Price
$144,900
Sold Price
$134,900
Premium/Discount to List
-$10,000
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.09%
Original Mortgage
$155,000
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2009
Sold by
Hoey Donald B and Hoey Rebecca D
Bought by
Dh Investment Properties Llc

Purchase Details

Closed on
Nov 27, 1995
Sold by
Hockenberg Louis R and E L M Trust
Bought by
Hoey Donald B and Hoey Rebecca D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,700
Interest Rate
7.42%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 27, 1995
Sold by
Norwest Bank Arizona
Bought by
E L M Trust
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 Type Sale Price Title Company
Special Warranty Deed $190,000 First American Title Insurance
Special Warranty Deed $134,900 Great American Title
Special Warranty Deed -- None Available
Warranty Deed $55,000 First American Title
Cash Sale Deed $43,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $161,500 Seller Take Back
Previous Owner $155,000 New Conventional
Previous Owner $50,700 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2022 03/17/22 Sold $134,900 -6.9% $113 / Sq Ft
02/18/2022 02/18/22 Pending -- -- --
02/16/2022 02/16/22 For Sale $144,900 +14761.5% $121 / Sq Ft
05/12/2016 05/12/16 Sold $975 0.0% $1 / Sq Ft
05/12/2016 05/12/16 Pending -- -- --
09/04/2015 09/04/15 For Sale $975 -- $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 $1,177 $11,630 -- --
2024 $1,223 $11,423 -- --
2023 $1,223 $17,714 $3,536 $14,178
2022 $1,233 $15,085 $3,010 $12,075
2021 $1,283 $13,374 $2,664 $10,710
2020 $1,267 $12,600 $2,520 $10,080
2019 $1,184 $11,898 $2,376 $9,522
2018 $1,136 $11,124 $2,214 $8,910
2017 $1,102 $10,548 $2,106 $8,442
2016 $1,082 $8,964 $1,782 $7,182
2015 $1,045 $11,619 $2,313 $9,306
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5331121

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-39-079A