NOT LISTED FOR SALE

5550 E Mcdowell Rd Mesa, AZ 85215

Studio
-- Bath
45,066 Sq Ft
4.15 Acres

Last Sold December 14, 2016

Last sale price $3,570,000 $79 Per Sq Ft

269 Days on Market

Highlights

  • Community Kitchen
  • Computer Room
  • Central Air
  • Franklin at Brimhall Elementary School Rated A
  • Stone Flooring
  • Partially Fenced Property

About This Home

As of December 2016

Two commercial buildings, 1 two story building 21,455 sq.ft. with r/d area and plenty of office space. 100% air conditioned with 10 new a/c units and new roof within past 18 months. 25yr. roof warranty, 800amp. Second building is 23,600 sq.ft. and all but 1500 sq. ft. is air conditioned and that section is evaporative cooled. 7 new a/c units, 20' ceiling height, 2000 amp with emergency backup generator that provides 25KW.480V/3Phase supply connected to an automatic transfer switch. Buildings sit on a 4.15 acre parcel overlooking the Longbow Golf Course and there is the potential to expand the campus with an adjoining 4.14 acre that is For Sale at $900,000.00 MLS #5174910 and can be included with the purchase of this property. Located within minutes of the 202 Red Mtn Freeway.

Last Agent to Sell the Property

Stephen Proski

RE/MAX Fine Properties License #BR105539000 Listed on: 12/09/2015

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $35,118

Year Built

  • Built in 2000

Lot Details

  • 4.15 Acre Lot
  • Partially Fenced Property
  • Property is zoned industrial

Home Design

  • Built-Up Roof
  • Metal Roof
  • Block Exterior
  • Metal Siding

Interior Spaces

  • 45,066 Sq Ft Home
  • Computer Room

Flooring

  • Stone
  • Concrete

Parking

  • 50 Open Parking Spaces
  • 70 Parking Spaces
  • 20 Covered Spaces

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 141-42-004-X

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Additional Features

  • 2 Buildings
  • Operating Expense $35,118

Property Details

Property Type

Other

Est. Annual Taxes

$35,118

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Cross Street: Highley & McDowell Rd
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Sale
  • Zoning: industrial
  • Bay Info Bay Door Height: 16.0
  • Number Of Buildings: 2
  • Year Built: 2000
  • Tax Year: 2015
  • Lot Size Acres: 4.15
  • Road Surface Type: Asphalt
  • Structure Type: Commercial, Industrial, Office, Manufacturing, Distribution/Warehse
  • Tax Parcel Letter: X
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Stone, Concrete

Exterior Features

  • Fencing: Partial
  • Construction Type: Metal Siding, Block
  • Roof: See Remarks, Built-Up, Metal
  • Construction:Block: Yes
  • Construction:Metal: Yes

Garage/Parking

  • Total Covered Spaces: 20.0
  • Open Parking Spaces: 50.0
  • Total Parking Spaces: 70.0
  • General Property Description:Covered Parking Spcs: 20.0
  • General Property Description:Uncvrd Parking Spcs: 50.0
  • General Property Description:Total Parking Spcs: 70.0
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: Generator, SRP
  • Cooling: Warehouse Evap, Warehouse A/C, Office A/C, Central A/C
  • Heating: Natural Gas
  • Green Building Features: Conference Room, Reception Room, Kitchen, Computer Room, Overhead Crane
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Computer Room: Yes

Lot Info

  • Lot Size Sq Ft: 180687.0
  • Additional Parcels: No
  • Parcel #: 141-42-004-X
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 35118.0

Tax Info

  • Tax Annual Amount: 35118.0
  • Tax Book Number: 141.00
  • Tax Lot: 0
  • Tax Map Number: 42.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2019
Sold by
Trs 5550 E Mcdowell Owner Llc
Bought by
Trs 5550 E Mcdowell Owner Llc

Purchase Details

Closed on
Mar 6, 2019
Sold by
Rentzel Properties Llc
Bought by
Trs 5550 E Mcdowell Owner Llc

Purchase Details

Closed on
Oct 28, 2013
Sold by
Semflex Inc
Bought by
Rentzel Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,121,250
Interest Rate
4.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 13, 1995
Sold by
Thiele Robert D and Thiele Christine Y
Bought by
Semflex Inc

Purchase Details

Closed on
Dec 16, 1994
Sold by
Thiele Robert D and Thiele Christine Y
Bought by
Sf Inc
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Trs 5550 E Mcdowell Owner Llc -- None Available
Trs 5550 E Mcdowell Owner Llc $3,570,000 Thomas Title & Escrow
Rentzel Properties Llc $1,724,503 None Available
Semflex Inc $150,000 Stewart Title & Trust
Sf Inc $800,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rentzel Properties Llc $1,121,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2016 12/14/16 Sold $3,570,000 -3.5% $79 / Sq Ft
09/02/2016 09/02/16 Pending -- -- --
12/08/2015 12/08/15 For Sale $3,700,000 -- $82 / 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
2021 $63,153 $648,846 $123,858 $524,988
2020 -- $643,662 $115,758 $527,904
2019 -- $632,142 $110,124 $522,018
2018 -- $418,716 $95,364 $323,352
2017 -- $394,632 $92,574 $302,058
2016 -- $349,254 $82,656 $266,598
2015 -- $288,267 $103,452 $184,815
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5371191

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-42-004X