NOT LISTED FOR SALE

5402 W Glendale Ave Glendale, AZ 85301

-- Bed
-- Bath
10,952 Sq Ft
1.3 Acres

Last Sold June 21, 2021

Last sale price $1,115,000 $102 Per Sq Ft

311 Days on Market

Highlights

  • 1.3 Acre Lot
  • Central Air
  • Heating Available
  • Ceramic Tile Flooring

About This Home

As of June 2021

Prominent corner location in Glendale Downtown area. 80% leased property with extended leases. Property is clean and in good repair.
Upgrades completed on building in 2011 for roofing and additional space added to end building. Plenty of open parking. Great traffic count.
Active and busy business' in area. City growth in progress. Heavy business activity for downtown during Holiday Seasons. 9 Parcels make
up property. Good tenant mix. 2 Prominent Monument Signage. CAP Rate is a +10% when fully leased and lease increases over next 2 years will improve.

Last Agent to Sell the Property

Dave Stringham

Paramount Management & Realty, LLC License #BR020404000 Listed on: 07/14/2020

Last Buyer's Agent

Werner Von Borries

Special Agent License #BR520844000

Special Agent

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $12,835

Year Built

  • Built in 1961

Lot Details

  • 1.3 Acre Lot
  • Property is zoned C2

Home Design

  • 10,952 Sq Ft Home
  • Built-Up Roof
  • Metal Roof
  • Foam Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 56 Open Parking Spaces
  • 56 Parking Spaces
  • Public Parking
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 147-17-103-A

Community Details

Overview

  • 3 Buildings
  • Building Dimensions are 228 X 227
  • Park Place Blks 2,5,6 Subdivision

Building Details

  • Operating Expense $71,375
  • Gross Income $188,944
  • Net Operating Income $125,165

Property Details

Property Type

Other

Est. Annual Taxes

$12,835

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Glendale Avenue and 54th Avenue
  • Legal Info Range: 2E
  • Property Type: Comm/Industry Sale
  • Zoning: C2
  • Bay Info Bay Door Height: 8.0
  • Bay Info Bay Size: 720
  • Bay Info Max Span Lineal Ft: 20.0
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2020
  • Lot Size Acres: 1.3
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 5040.0
  • Subdivision Name: PARK PLACE BLKS 2,5,6
  • Structure Type: Commercial, Industrial
  • Tax Parcel Letter: A
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Living Area: 10952.0

Exterior Features

  • Fencing: Other, See Remarks, None
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block
  • Roof: Built-Up, Foam, Metal, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Parking Lot, Paved, Free
  • 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 Features Paved Parking: Yes
  • Parking Features Free: Yes
  • Parking Features Public Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Warehouse Evap
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Fee Information

  • Trash Expense: 2700.0
  • Annual Water Sewer Expense: 1800.0

Lot Info

  • Lot Size: 228 X 227
  • Lot Size Sq Ft: 56628.0
  • Parcel #: 147-17-103-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 500.0
  • Annual Gross Income: 188944.0
  • Insurance Expense: 7700.0
  • Maintenance Expense: 3200.0
  • Property Net Operating Income: 125165.0
  • Annual Operating Expense: 71375.0
  • Vacancy Allowance Rate: 0.02
  • Leasable Area: 10952.0

Tax Info

  • Tax Annual Amount: 12835.0
  • Tax Book Number: 147.00
  • Tax Lot: 18
  • Tax Map Number: 17.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2022
Sold by
Roberto Hernandez
Bought by
Rh 5402 Llc

Purchase Details

Closed on
Sep 10, 2003
Sold by
Equilon Enterprises Llc
Bought by
David Kern Family Ii Lllp

Purchase Details

Closed on
Jul 1, 1998
Sold by
Texaco Refining & Marketing Inc
Bought by
Equilon Enterprises Llc

Purchase Details

Closed on
Jun 3, 1996
Sold by
Sahara Oil Company Inc
Bought by
Texaco Refining & Marketing Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rh 5402 Llc -- None Listed On Document
David Kern Family Ii Lllp $150,000 Chicago Title Insurance Co
Equilon Enterprises Llc -- Stewart Title Guaranty Compa
Texaco Refining & Marketing Inc $170,000 First American Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2021 06/21/21 Sold $1,115,000 -6.7% $102 / Sq Ft
03/15/2021 03/15/21 Price Changed $1,195,000 -7.7% $109 / Sq Ft
11/18/2020 11/18/20 Price Changed $1,295,000 -13.7% $118 / Sq Ft
07/14/2020 07/14/20 For Sale $1,500,000 -- $137 / 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 $4,833 $34,836 -- --
2024 $4,527 $34,214 -- --
2023 $4,527 $43,129 $19,618 $23,511
2022 $4,630 $36,488 $14,158 $22,330
2021 $4,703 $36,522 $13,374 $23,148
2020 $4,747 $37,602 $13,896 $23,706
2019 $4,695 $36,144 $12,888 $23,256
2018 $4,517 $34,362 $11,070 $23,292
2017 $4,564 $36,036 $10,746 $25,290
2016 $4,302 $32,616 $9,090 $23,526
2015 $4,103 $27,380 $8,288 $19,092
Source: Public Records

Agents Affiliated with this Home

  • Dave Stringham

    Seller's Agent in 2021

    Dave Stringham

    Paramount Management & Realty, LLC

    (623) 979-0065

    4 in this area

    31 Total Sales

    Dave Stringham
    Section Image
  • Werner Von Borries

    Buyer's Agent in 2021

    Werner Von Borries

    Special Agent

    (480) 834-4840

    6 in this area

    74 Total Sales

    Werner Von Borries
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6103079

Arizona Regional Multiple Listing Service (ARMLS)

APN: 147-17-103A

Arizona Maricopa County Glendale 85301

5402 W Glendale Ave, Glendale, AZ

Not Listed for Sale

Other

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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