NOT LISTED FOR SALE
-- Bed
-- Bath
35,142 Sq Ft
3.49 Acres

Last Sold December 01, 2020

Last sale price $2,214 $0 Per Sq Ft

892 Days on Market

About This Home

As of December 2020

• Office Suite Available for Lease
• Suite 318: +/- 1,398 SF
• $19.00 PSF MG
• Parking Ratio: 4.78/1,000
• Close proximity to downtown Gilbert's Heritage Market
• Monument Signage Available
• Well-maintained Landscape
• Close to Major Hospitals & Easy Access to Freeways
• Near Major Retail Centers & Senior Living Communities

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 05/21/2018

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Year Built

  • Built in 1986

Lot Details

  • 3.49 Acre Lot
  • Additional Parcels

Home Design

  • 35,142 Sq Ft Home

Parking

  • 10 Open Parking Spaces
  • 15 Parking Spaces
  • 5 Covered Spaces
  • Paved Parking

Listing and Financial Details

  • Property Available on 5/21/18
  • The owner pays for (see remarks)
  • Assessor Parcel Number 302-14-002-E

Property Details

Property Type

Other

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: W Guadalupe & N Gilbert Rd
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Lease
  • Zoning: NO
  • Lease Info Annual Lease Price: 26562.0
  • Lease Info Annual Lse Prc P S F: 19.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: Negotiable
  • Lease Info Space Divisible: No
  • Lease Info Suite Size Avail Max: 1398
  • Year Built: 1986
  • Tax Year: 2017
  • Lot Size Acres: 3.49
  • Structure Type: Office
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 35142.0

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 15.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: Other, See Remarks
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 152024.0
  • Additional Parcels: Yes
  • Parcel #: 302-14-002-E
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2018-05-21

Multi Family

  • Owner Pays: Other (See Remarks)
  • Tenant Pays: See Remarks
  • Existing Lease Type: Gross, Modified Terms
  • Leasable Area: 1398.0

Tax Info

  • Tax Annual Amount: 40328.0
  • Tax Book Number: 302.00
  • Tax Map Number: 14.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2022
Sold by
Gilbertaz Properties Llc
Bought by
4901 W Bell Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,780,000
Outstanding Balance
$3,484,197
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2016
Sold by
Gilbert Medical Center Llc
Bought by
Gilbertaz Properties Llc

Purchase Details

Closed on
Jan 2, 2008
Sold by
Gilbert Professional Plaza Llc
Bought by
Gilbert Medical Center Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,260,000
Interest Rate
6.15%
Mortgage Type
Commercial

Purchase Details

Closed on
May 6, 1999
Sold by
Lisle Stephen N
Bought by
Gilbert Professional Plaza Llc

Purchase Details

Closed on
Sep 25, 1998
Sold by
Joseph Augustine V and Joseph Sonny V
Bought by
Lisle Stephen N
Source: Public Records

Range of Values:

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Average Value
Not Available
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
4901 W Bell Properties Llc $5,350,000 Thomas Title & Escrow Llc
Gilbertaz Properties Llc $4,750,000 North American Title Co Inc
Gilbert Medical Center Llc $4,680,000 Chicago Title Insurance Co
Gilbert Professional Plaza Llc -- --
Lisle Stephen N $2,560,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4901 W Bell Properties Llc $3,780,000
Previous Owner Gilbert Medical Center Llc $4,260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2020 12/01/20 Sold $2,214 0.0% $0 / Sq Ft
10/29/2020 10/29/20 Pending -- -- --
04/16/2019 04/16/19 Price Changed $2,214 +27.1% $0 / Sq Ft
01/25/2019 01/25/19 Price Changed $1,742 +69.3% $0 / Sq Ft
05/21/2018 05/21/18 For Sale $1,029 -- $0 / 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 $3,746 $41,541 $41,541 --
2024 $3,880 $40,799 $40,799 --
2023 $3,880 $97,988 $97,988 $0
2022 $3,884 $49,613 $49,613 $0
2021 $4,132 $51,030 $51,030 $0
2020 $4,071 $51,282 $51,282 $0
2019 $3,782 $47,196 $47,196 $0
2018 $3,678 $50,130 $50,130 $0
2017 $3,557 $46,422 $46,422 $0
2016 $3,647 $41,436 $41,436 $0
2015 $3,418 $29,767 $29,767 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5769225

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-14-002E