NOT LISTED FOR SALE

19349 E Germann Rd Queen Creek, AZ 85142

Estimated Value: $1,935,063

Studio
-- Bath
11,179 Sq Ft
$173/Sq Ft Est. Value

Last Sold September 22, 2023

Last sale price $1,950,000 $174 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $10,967/month

5 Days on Market

About This Home

As of September 2023

Queen Creek Industrial Park consists of 6 free-standing, 1,800 sf units and small office. The entire package is for sale for $1,890,000. One 12 foot rollup door per unit, with 10 X 10 door. Each building has HVAC units, insulated, multiple electrical outlets and ceiling fans. Buildings would be suitable for manufacturing, fabrication, mechanical, body shop, warehouse/ storage, or any number of other uses. Park sits on 2.5 acres of land.

Last Agent to Sell the Property

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 07/28/2023

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $12,354

Year Built

  • Built in 1999

Lot Details

  • 2.55 Acre Lot
  • Property is zoned Commercial

Interior Spaces

  • 11,179 Sq Ft Home
  • Concrete Flooring

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces
  • Private Parking
  • Free Parking

Listing and Financial Details

  • Assessor Parcel Number 304-61-046-A

Community Details

Overview

  • 7 Buildings

Building Details

  • Operating Expense $12,354
  • Gross Income $98,052

Property Details

Property Type

Other

Est. Annual Taxes

$12,354

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Cross Street: Sossaman and Germann
  • Legal Info Range: 7E
  • Property Type: Comm/Industry Sale
  • Zoning: Commercial
  • Bay Info Bay Door Height: 6.0
  • Number Of Buildings: 7
  • Ownership: Fee Simple
  • Year Built: 1999
  • Tax Year: 2022
  • Lot Size Acres: 2.55
  • Structure Type: Commercial, Industrial, Manufacturing
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 11179.0

Exterior Features

  • Construction Type: See Remarks
  • Roof: See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking Features: Private Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:Free: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Warehouse A/C
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 111104.0
  • Parcel #: 304-61-046-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 98052.0
  • Annual Operating Expense: 12354.0

Tax Info

  • Tax Annual Amount: 12354.0
  • Tax Book Number: 304.00
  • Tax Lot: ---
  • Tax Map Number: 61.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2023
Closed on
Sep 22, 2023
Sold by
Icqc Llc
Bought by
19349 E Germann Llc
Seller's Agent
Don Mortensen
LRA Real Estate Group, LLC
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,890,000
Sold Price
$1,950,000
Premium/Discount to List
$60,000
3.17%
Views
14
Current Estimated Value
$1,935,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,937
Avg. Annual Appreciation
-0.23%
Original Mortgage
$1,560,000
Outstanding Balance
$1,526,914
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$412,621

Purchase Details

Closed on
Nov 2, 2011
Sold by
Sbaz Real Estate Holdings Llc
Bought by
Icqc Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,300
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 31, 2006
Sold by
Queen Creek Industrial Llc
Bought by
Queen Creek Industrial Complex Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,372,687
Interest Rate
6.76%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 1997
Sold by
Mitaskopoulos Nicholas H and Mitsakopoulos Linda L
Bought by
Iannacone Michael and Iannacone Cynthia Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8.13%
Mortgage Type
Seller Take Back
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
19349 E Germann Llc $1,950,000 Old Republic Title Agency
Icqc Llc $410,000 Security Title Agency
Queen Creek Industrial Complex Llc $1,250,000 Premier Title Group Maricopa
Iannacone Michael $60,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 19349 E Germann Llc $1,560,000
Previous Owner Icqc Llc $166,300
Previous Owner Queen Creek Industrial Complex Llc $1,372,687
Previous Owner Iannacone Michael $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2023 09/22/23 Sold $1,950,000 +3.2% $174 / Sq Ft
09/20/2023 09/20/23 Price Changed $1,890,000 0.0% $169 / Sq Ft
08/03/2023 08/03/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $1,890,000 -- $169 / 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 $11,022 $108,848 -- --
2024 $12,405 $106,701 -- --
2023 $12,405 $138,334 $106,697 $31,637
2022 $12,354 $120,662 $91,839 $28,823
2021 $12,871 $123,287 $94,235 $29,052
2020 $12,494 $110,440 $81,190 $29,250
2019 $12,132 $103,633 $75,013 $28,620
2018 $11,715 $91,748 $63,632 $28,116
2017 $11,214 $120,144 $58,764 $61,380
2016 $11,129 $110,315 $52,463 $57,852
Source: Public Records

Agents Affiliated with this Home

  • Don Mortensen

    Seller's Agent in 2023

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    120 Total Sales

    Don Mortensen
    Section Image

  • N

    Buyer's Agent in 2023

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6585830

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-61-046A

Arizona Maricopa County Queen Creek 85142

19349 E Germann Rd, Queen Creek, AZ

Not Listed for Sale

Other

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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