NOT LISTED FOR SALE

Estimated Value: $3,889,377

-- Bed
-- Bath
17,280 Sq Ft
$225/Sq Ft Est. Value

Last Sold June 09, 2022

Last sale price $6,545 $0 Per Sq Ft

Est. 59,325% increase in value since last sale

Current estimated payment $23,667/month

1,077 Days on Market

About This Home

As of June 2022

• Complete Ground-Up Renovation in 2019/2020
• Underfloor Air Distribution (UFAD) - Delivers Air BELOW and returns ABOVE avoiding unhealthy co-pollutants
• Delivers cleaner air and circulation, better Indoor Air Quality, and up to 13% reduction in occupant generated pollutants
• Freestanding, Multi-Tenant Office Building
• Move-In Ready Spec Suites
• Reduced Introductory Lease Rate: $27.00 PSF Full-Service
• 792 SF - 8,166 SF Available for Lease
• Rural Road Frontage with over 35,000 VPD
• Located in Tempe minutes from ASU & Downtown Tempe
• Close to Retail, Dining, & other Business Amenities
• Adjacent to US 60 - easy access & centrally located
• Bus Stop Access: Rural Road/Scottsdale Road bus route

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 06/28/2019

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Year Built

  • Built in 1972

Lot Details

  • 1.51 Acre Lot
  • Property is zoned RO

Home Design

  • 17,280 Sq Ft Home

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Paved Parking

Community Details

  • Tempe Royal Palms Unit 5 Tract D Replat Subdivision

Listing and Financial Details

  • Property Available on 6/28/19
  • The owner pays for (see remarks)
  • Tax Lot 1
  • Assessor Parcel Number 133-41-643

Property Details

Property Type

Other

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: S Rural Rd & US-60
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Lease
  • Zoning: RO
  • Lease Info Annual Lease Price: 78543.0
  • Lease Info Annual Lse Prc P S F: 27.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: Negotiable
  • Lease Info Space Divisible: Yes
  • Lease Info Suite Size Avail Max: 8166
  • Year Built: 1972
  • Tax Year: 2018
  • Lot Size Acres: 1.51
  • Subdivision Name: TEMPE ROYAL PALMS UNIT 5 TRACT D REPLAT
  • Structure Type: Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 17280.0

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • 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: 65776.0
  • Additional Parcels: No
  • Parcel #: 133-41-643
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2019-06-28

Multi Family

  • Owner Pays: Other (See Remarks)
  • Tenant Pays: See Remarks
  • Existing Lease Type: Full Service
  • Leasable Area: 2909.0

Tax Info

  • Tax Annual Amount: 16484.0
  • Tax Book Number: 133.00
  • Tax Lot: 1
  • Tax Map Number: 41.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2018
Sold by
Teberg John A and The John A Teberg Trust
Bought by
Hft Tempe Llc
Current Estimated Value
$3,889,377

Purchase Details

Closed on
Feb 14, 2006
Sold by
3910 South Rural Road Llc
Bought by
Teberg John A and John Teberg Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,430,000
Interest Rate
6.2%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Hft Tempe Llc $1,250,000 Clear Title Agency Of Arizon
Teberg John A $2,200,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lux Holdings Llc $3,300,000
Previous Owner Teberg John A $1,120,000
Previous Owner Teberg John A $1,430,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2022 06/09/22 Sold $6,545 0.0% $0 / Sq Ft
08/28/2020 08/28/20 Price Changed $6,545 +16.4% $0 / Sq Ft
06/23/2020 06/23/20 Price Changed $5,625 -24.7% $0 / Sq Ft
12/27/2019 12/27/19 Price Changed $7,468 +49.4% $0 / Sq Ft
06/28/2019 06/28/19 For Sale $5,000 -- $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 $30,197 $261,401 -- --
2024 $30,737 $256,733 -- --
2023 $30,737 $430,389 $177,191 $253,198
2022 $30,351 $414,908 $119,333 $295,575
2021 $31,434 $336,024 $122,742 $213,282
2020 $17,230 $217,242 $125,748 $91,494
2019 $16,904 $222,498 $115,254 $107,244
2018 $16,484 $210,330 $116,946 $93,384
2017 $15,993 $193,896 $108,288 $85,608
2016 $15,880 $181,602 $95,832 $85,770
2015 $15,676 $111,167 $62,752 $48,415
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5945785

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-41-643