NOT LISTED FOR SALE

5220 N Dysart Rd Litchfield Park, AZ 85340

-- Bed
-- Bath
10,450 Sq Ft
10,016 Sq Ft Lot

Last Sold September 18, 2020

Last sale price $2,550,000 $244 Per Sq Ft

252 Days on Market

About This Home

As of September 2020

• Fully-Leased Commercial Building
• Brand New 8-Year Triple-Net (NNN) Lease (commences 9/1/2020)
• 2.50% Rental Increases Annually
• Strong National Tenant
• Located Near Business and Retail Amenities
• Large Monument Sign on Dysart Rd
• Easy freeway access to I-10 and Loop 101
• Ample Parking of 4.5/1,000

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 05/05/2020

Last Buyer's Agent

Kurt Nishimura

Coldwell Banker Realty License #SA579393000

Coldwell Banker Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $19,079

Year Built

  • Built in 2005

Lot Details

  • 10,016 Sq Ft Lot
  • Property is zoned C-O

Home Design

  • 10,450 Sq Ft Home

Parking

  • 56 Open Parking Spaces
  • 56 Parking Spaces
  • Paved Parking

Listing and Financial Details

  • Tax Lot C101
  • Assessor Parcel Number 501-62-894

Community Details

Overview

  • Veranda Commons Condominium Subdivision

Building Details

  • Operating Expense $72,724
  • Net Operating Income $181,375

Property Details

Property Type

Other

Est. Annual Taxes

$19,079

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Cross Street: N Dysart Rd & W Camelback Rd
  • Legal Info Range: 1W
  • Property Type: Comm/Industry Sale
  • Zoning: C-O
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 2005
  • Tax Year: 2019
  • Lot Size Acres: 0.23
  • Professional Management Expense: 12000.0
  • Subdivision Name: VERANDA COMMONS CONDOMINIUM
  • Structure Type: Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 10450.0

Exterior Features

  • Fencing: Other, See Remarks
  • 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: 56.0
  • Total Parking Spaces: 56.0
  • General Property Description:Uncvrd Parking Spcs: 56.0
  • General Property Description:Total Parking Spcs: 56.0
  • 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: 10016.0
  • Parcel #: 501-62-894
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Insurance Expense: 3300.0
  • Maintenance Expense: 5000.0
  • Property Net Operating Income: 181375.0
  • Annual Operating Expense: 72724.0

Tax Info

  • Tax Annual Amount: 19079.0
  • Tax Book Number: 501.00
  • Tax Lot: C101
  • Tax Map Number: 62.00

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2020 09/18/20 Sold $2,550,000 -2.9% $244 / Sq Ft
07/27/2020 07/27/20 Pending -- -- --
05/05/2020 05/05/20 For Sale $2,625,000 0.0% $251 / Sq Ft
05/05/2020 05/05/20 Price Changed $2,625,000 +2.9% $251 / Sq Ft
02/28/2020 02/28/20 Pending -- -- --
02/14/2020 02/14/20 For Sale $2,550,000 0.0% $244 / Sq Ft
02/14/2020 02/14/20 Price Changed $2,550,000 0.0% $244 / Sq Ft
01/15/2020 01/15/20 Off Market $2,550,000 -- --
11/18/2019 11/18/19 For Sale $1,881,000 -- $180 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Tanner Milne

    The Menlo Group Commercial Real Estate

    Section Image
  • Kurt Nishimura

    Buyer's Agent in 2020

    Kurt Nishimura

    Coldwell Banker Realty

    (602) 513-9335

    25 Total Sales

    Kurt Nishimura
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6006173

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Litchfield Park 85340

5220 N Dysart Rd, Litchfield Park, AZ

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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