NOT LISTED FOR SALE

4405 E Baseline Rd Unit 123 Phoenix, AZ 85042

South Mountain Neighborhood
-- Bed
-- Bath
71,817 Sq Ft
5.46 Acres

Last Sold July 08, 2024

Last sale price $6,482 $0 Per Sq Ft

54 Days on Market

Highlights

  • 5.46 Acre Lot
  • Cooling Available
  • Heating Available

About This Home

As of July 2024

+/- 6,482 SF industrial office located on Baseline Rd just west of 48th Street. The sublease is a NNN deal and has term through January 31st, 2026. Property is located in close proximity to business and retail amenities and sees over 50,000 VPD.

Last Agent to Sell the Property

Grafton Milne

The Menlo Group Commercial Real Estate License #BR584594000 Listed on: 05/14/2024

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Year Built

  • Built in 2000

Lot Details

  • 5.46 Acre Lot
  • Property is zoned CP/BP

Home Design

  • 71,817 Sq Ft Home

Parking

  • 100 Open Parking Spaces
  • 100 Parking Spaces
  • Public Parking

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • Baseline Foothills Center Subdivision

Listing and Financial Details

  • Property Available on 5/14/24
  • Tax Lot 3
  • Assessor Parcel Number 301-15-029

Property Details

Property Type

Other

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Cross Street: E Baseline Rd & S 48th St
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Lease
  • Zoning: CP/BP
  • Lease Info Annual Lease Price: 6482.0
  • Lease Info Annual Lse Prc P S F: 12.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: Negotiable
  • Lease Info Space Divisible: No
  • Lease Info Suite Size Avail Max: 6482
  • Year Built: 2000
  • Tax Year: 2023
  • Lot Size Acres: 5.46
  • Subdivision Name: BASELINE FOOTHILLS CENTER
  • Structure Type: Commercial, Industrial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 71817.0

Exterior Features

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

Garage/Parking

  • Parking Features: Parking Lot
  • Attached Garage: No
  • Open Parking Spaces: 100.0
  • Total Parking Spaces: 100.0
  • General Property Description:Uncvrd Parking Spcs: 100.0
  • General Property Description:Total Parking Spcs: 100.0
  • Parking Features Public Parking2: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 237741.0
  • Additional Parcels: No
  • Parcel #: 301-15-029
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2024-05-14

Multi Family

  • Owner Pays: Other
  • Existing Lease Type: NNN
  • Leasable Area: 6482.0

Tax Info

  • Tax Annual Amount: 77750.0
  • Tax Book Number: 301.00
  • Tax Lot: 3
  • Tax Map Number: 15.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2019
Sold by
The Realty Associates Fund X Lp
Bought by
Pp Tango Az Llc

Purchase Details

Closed on
May 1, 2015
Sold by
Baseline Foothills I Llc
Bought by
The Realty Associates Fund X Lp

Purchase Details

Closed on
Dec 16, 2004
Sold by
First Industrial Development Services In
Bought by
Baseline Foothills I Llc and Baseline Foothills Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000,000
Interest Rate
5.7%
Mortgage Type
Commercial
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
Pp Tango Az Llc $31,355,581 Fidelity National Title
The Realty Associates Fund X Lp $13,640,000 Chicago Title Insurance Co
Baseline Foothills I Llc $17,500,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pp Tango Az Llc $79,500,000
Previous Owner Baseline Foothills I Llc $12,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2024 07/08/24 Sold $6,482 0.0% $0 / Sq Ft
05/14/2024 05/14/24 For Sale $6,482 -- $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 $76,032 $678,316 -- --
2024 $77,750 $666,203 -- --
2023 $77,750 $1,332,392 $281,367 $1,051,025
2022 $77,060 $1,129,398 $222,040 $907,358
2021 $80,016 $1,138,122 $208,728 $929,394
2020 $77,499 $1,008,936 $195,156 $813,780
2019 $76,040 $876,870 $184,806 $692,064
2018 $74,129 $891,810 $210,690 $681,120
2017 $71,690 $719,766 $195,084 $524,682
2016 $71,115 $591,588 $180,630 $410,958
2015 $68,590 $481,494 $159,352 $322,142
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6705224

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-15-029