NOT LISTED FOR SALE

355 E Germann Rd Unit 250 Gilbert, AZ 85297

South Gilbert Neighborhood

Estimated Value: $52,350,992

Studio
-- Bath
149,518 Sq Ft
$350/Sq Ft Est. Value

Last Sold May 03, 2024

Last sale price $8,061 $0 Per Sq Ft

Est. 649,335% increase in value since last sale

Current estimated payment $297,822/month

450 Days on Market

Highlights

  • 12.78 Acre Lot
  • Ceramic Tile Flooring
  • Heating unit installed on the ceiling
  • Haley Elementary School Rated A
  • Central Air

About This Home

As of May 2024

Great Sublease office space in Class A office building. There's 47 months remaining on the lease abd the furniture can be negotiated within the deal.

Last Agent to Sell the Property

Brett Nicholas

RE/MAX Fine Properties License #SA687827000 Listed on: 02/12/2023

RE/MAX Fine Properties

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Year Built

  • Built in 2018

Lot Details

  • 12.78 Acre Lot
  • Property is zoned BP

Home Design

  • 149,518 Sq Ft Home

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 2 Parking Spaces
  • Public Parking
  • 2 Covered Spaces
  • Private Parking

Utilities

  • Central Air
  • Heating unit installed on the ceiling

Community Details

  • Reserve At San Tan Phase 2 Subdivision

Listing and Financial Details

  • Property Available on 2/6/23
  • The owner pays for (see remarks)
  • Tax Lot 1
  • Assessor Parcel Number 304-56-930

Property Details

Property Type

Other

Year Built

Built in 2018

Lot Details

12.78 Acres

Listing Details

  • Cross Street: Germann Rd & Mustang Dr
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Lease
  • Zoning: BP
  • Lease Info Annual C A M Sq Ft: 7.89
  • Lease Info Annual Exp Stop Sq Ft: 7.89
  • Lease Info Annual Lease Price: 8061.81
  • Lease Info Annual Lse Prc P S F: 37.08
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 4
  • Lease Info Space Divisible: No
  • Year Built: 2018
  • Tax Year: 2022
  • Lot Size Acres: 12.78
  • Subdivision Name: RESERVE AT SAN TAN PHASE 2
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Living Area: 149518.0

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Private Parking, Public Parking, Fee
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Central A/C
  • Heating: Ceiling
  • Water Source: Other
  • Heating:Ceiling: Yes

Fee Information

  • Parking Fee: Yes

Lot Info

  • Lot Size Sq Ft: 556527.0
  • Additional Parcels: No
  • Parcel #: 304-56-930
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2023-02-06

Multi Family

  • Owner Pays: Other (See Remarks)
  • Tenant Pays: See Remarks
  • Existing Lease Type: Full Service
  • Leasable Area: 2609.0

Tax Info

  • Tax Annual Amount: 215790.0
  • Tax Book Number: 304.00
  • Tax Lot: 1
  • Tax Map Number: 56.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2022
Sold by
Rst 6A Llc
Bought by
Cp6rst Llc
Current Estimated Value
$52,350,992

Purchase Details

Closed on
Dec 14, 2017
Sold by
Master Rst Llc
Bought by
Rst 6A Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Interest Rate
3.9%
Mortgage Type
Construction
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
Cp6rst Llc $53,100,000 --
Rst 6A Llc -- First Arizona Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rst 6A Llc $1,020,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2024 05/03/24 Sold $8,061 0.0% $0 / Sq Ft
12/21/2023 12/21/23 For Sale $8,061 0.0% $0 / Sq Ft
09/29/2023 09/29/23 Off Market $8,061 -- --
02/06/2023 02/06/23 For Sale $8,061 -- $0 / 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 $305,198 $2,255,903 -- --
2024 $216,422 $2,215,619 -- --
2023 $216,422 $3,924,705 $754,341 $3,170,364
2022 $215,790 $4,017,213 $750,313 $3,266,900
2021 $227,546 $2,805,138 $771,750 $2,033,388
2020 $226,169 $2,723,978 $712,008 $2,011,970
2019 $166,125 $1,867,140 $612,468 $1,254,672
2018 $2,001 $2,146 $2,146 $0
2017 $1,994 $1,916 $1,916 $0
2016 $1,914 $1,600 $1,600 $0
2015 $1,687 $362,528 $362,528 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6519707

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-56-930

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