NOT LISTED FOR SALE

3401 E Wier Ave Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $4,450,393

-- Bed
-- Bath
30,906 Sq Ft
$144/Sq Ft Est. Value

Last Sold December 15, 2021

Last sale price $26,270 $1 Per Sq Ft

Est. 16,841% increase in value since last sale

Current estimated payment $26,367/month

30 Days on Market

About This Home

As of December 2021

±30,906 sf @ $.85 SF/Month Modified Gross - may be split in half for qualified tenants (±15,453 SF @ $.89/Month Modified Gross.
Air Conditioned Warehouse | ±14' Clear Height | Private Fenced Parking/Yard | Fire-Sprinklered | Grade Level Loading (21 Overhead Doors (±8'x10' & ±10'x10') and 1 (±15' x 12' Door) | Excellent Freeway Access to I-10 and SR -143 | POWER (APPROXIMATE) ±1200 Amps of ±480V Power (w/additional SES with ±120/208 V Power) | Close Proximity to Sky Harbor Airport, Tempe Diablo Stadium and the Broadway Industrial District All information furnished is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, or withdrawal without notice and to any special listings conditions, including the rate and manner of payment of commissions for particular offerings imposed by principals or agreed to by the company, the terms of which are available to interested principals or brokers. All dimensions are approximate. Owner and/or Broker make no representations expressed or implied as to the accuracy of floor plan/site plan dimensions.

Last Agent to Sell the Property

Jim Lieberthal

Cutler Commercial License #BR516852000 Listed on: 11/15/2021

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Year Built

  • Built in 1985

Lot Details

  • 2.11 Acre Lot
  • Property is zoned INDUSTRIAL PARK

Community Details

  • Cholla Industrial Park Subdivision

Listing and Financial Details

  • Property Available on 11/15/21
  • Tax Lot 15
  • Assessor Parcel Number 122-72-076

Property Details

Property Type

Other

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Comm/Industry Lease
  • Zoning: INDUSTRIAL PARK
  • Lease Info Annual Lease Price: 26270.1
  • Lease Info Annual Lse Prc P S F: 0.85
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 3
  • Lease Info Space Divisible: Yes
  • Lease Info Suite Size Avail Max: 30906
  • Year Built: 1985
  • Tax Year: 2021
  • Lot Size Acres: 2.11
  • Subdivision Name: CHOLLA INDUSTRIAL PARK
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

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

Garage/Parking

  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Warehouse A/C, Office A/C
  • Heating: Other
  • Heating:Other4: Yes

Lot Info

  • Lot Size Sq Ft: 92000.0
  • Additional Parcels: No
  • Parcel #: 122-72-076
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2021-11-15

Multi Family

  • Leasable Area: 30906.0

Tax Info

  • Tax Annual Amount: 38658.0
  • Tax Book Number: 122.00
  • Tax Lot: 15
  • Tax Map Number: 72.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 22, 2024
Sold by
Breaking Rocks Llc
Bought by
Mills Richard N
Current Estimated Value
$4,450,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$611,941
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$3,956,039

Purchase Details

Closed on
Feb 10, 2021
Sold by
Ignatian Alex
Bought by
Breaking Rocks Llc

Purchase Details

Closed on
Jan 1, 2021
Sold by
Pitts International Investment Group Llc
Bought by
Breaking Rocks Llc

Purchase Details

Closed on
Feb 23, 2016
Sold by
Zimmerman Properties Inc
Bought by
Pitts International Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,296,250
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2000
Sold by
R V Enterprises
Bought by
Zimmerman Properties Inc

Purchase Details

Closed on
Apr 29, 1996
Sold by
Hard Charles R and Hard Ann V
Bought by
R V Enterprises and Outtahere At 62.5 Lc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$607,500
Interest Rate
7.82%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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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
Mills Richard N $4,600,000 Landmark Title
Breaking Rocks Llc $2,874,258 Wfg National Title Insurance C
Ignatian Alex -- Wfg National Title Insurance C
Breaking Rocks Llc -- None Available
Pitts International Investment Group Llc $1,525,000 Stewart Title
Zimmerman Properties Inc $1,350,000 Century Title Agency
R V Enterprises $810,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mills Richard N $2,000,000
Previous Owner Pitts International Investment Group Llc $1,296,250
Previous Owner R V Enterprises $607,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2021 12/15/21 Sold $26,270 0.0% $1 / Sq Ft
11/15/2021 11/15/21 For Sale $26,270 -- $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 $36,310 $240,816 -- --
2024 $36,515 $236,515 -- --
2023 $36,515 $485,452 $97,410 $388,042
2022 $36,836 $370,143 $83,003 $287,140
2021 $38,658 $379,674 $78,030 $301,644
2020 $38,181 $348,246 $65,916 $282,330
2019 $36,946 $311,256 $62,658 $248,598
2018 $35,952 $296,100 $67,698 $228,402
2017 $34,266 $264,366 $62,694 $201,672
2016 $32,591 $193,168 $42,649 $150,519
2015 $31,531 $198,535 $43,834 $154,701
Source: Public Records

Agents Affiliated with this Home

  • Jim Lieberthal

    Seller's Agent in 2021

    Jim Lieberthal

    Cutler Commercial

    (480) 427-1002

    2 in this area

    84 Total Sales

    Jim Lieberthal
    Section Image

  • N

    Buyer's Agent in 2021

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6321571

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-72-076

Arizona Maricopa County Phoenix 85040 South Mountain

3401 E Wier Ave, Phoenix, AZ

This home is located at 3401 E Wier Ave, Phoenix, AZ 85040 since 15 November 2021 and is currently estimated at $4,450,393, approximately $143 per square foot. This property was built in 1985. 3401 E Wier Ave is a home located in Maricopa County with nearby schools including Percy L Julian School, South Mountain High School, and Phoenix Coding Academy.

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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