NOT LISTED FOR SALE

7254 E Southern Ave Unit 107 Mesa, AZ 85209

Central Mesa East Neighborhood

Estimated Value: $3,194,856

-- Bed
-- Bath
15,249 Sq Ft
$210/Sq Ft Est. Value

Last Sold April 01, 2021

Last sale price $1,311 $0 Per Sq Ft

Est. 243,596% increase in value since last sale

Current estimated payment $18,761/month

78 Days on Market

Highlights

  • 1.56 Acre Lot
  • Cooling Available
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of April 2021

• Professional Office Space
• Suite 101: +/- 807 SF ($19.50 PSF) - Available 5/1/21
• Tenant Pays Electric and Janitorial
• Tenant Responsible for HVAC & Suite Maintenance
• Covered Parking Available
• Stunning Landscape with a Beautiful Courtyard
•Monument Signage Available with Frontage on Southern Ave
• Less than 1 Mile North of the US-60 & Easy Access to Loop 202

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 12/21/2020

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Year Built

  • Built in 2000

Lot Details

  • 1.56 Acre Lot
  • Property is zoned LC

Home Design

  • 15,249 Sq Ft Home
  • Composition Roof

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Covered Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Property Available on 12/21/20
  • Tenant pays for electricity, janitorial service
  • The owner pays for (see remarks)
  • Assessor Parcel Number 218-64-642-A

Property Details

Property Type

Other

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Cross Street: E Southern Ave & S 72nd St
  • Legal Info Range: 7E
  • Property Type: Comm/Industry Lease
  • Zoning: LC
  • Lease Info Annual Lease Price: 25475.0
  • Lease Info Annual Lse Prc P S F: 18.5
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: Negotiable
  • Lease Info Space Divisible: No
  • Lease Info Suite Size Avail Max: 1377
  • Year Built: 2000
  • Tax Year: 2020
  • Lot Size Acres: 1.56
  • Structure Type: Office
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 15249.0

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Paved Parking: Yes

Utilities

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

Lot Info

  • Lot Size Sq Ft: 67799.0
  • Additional Parcels: No
  • Parcel #: 218-64-642-A
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2020-12-21

Multi Family

  • Owner Pays: Other (See Remarks)
  • Tenant Pays: Electricity, Janitorial Service
  • Existing Lease Type: Gross, Modified Terms
  • Leasable Area: 807.0

Tax Info

  • Tax Annual Amount: 26576.0
  • Tax Book Number: 218.00
  • Tax Map Number: 64.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2019
Sold by
7245 East Southern Avenue Llc
Bought by
Land Property Llc
Current Estimated Value
$3,194,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Outstanding Balance
$1,454,713
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$1,792,606

Purchase Details

Closed on
Aug 19, 2015
Sold by
Sunridge Properties Inc
Bought by
7254 East Southern Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,225,000
Interest Rate
4.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 12, 1999
Sold by
Superstition Springs Investors Ltd Partn
Bought by
Sunridge Properties Inc
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
Land Property Llc $2,200,000 Commonwealth Title
7254 East Southern Avenue Llc $2,020,000 Chicago Title Agency Inc
Sunridge Properties Inc $389,850 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Land Property Llc $1,650,000
Previous Owner 7254 East Southern Avenue Llc $1,225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2021 04/01/21 Sold $1,311 0.0% $0 / Sq Ft
03/09/2021 03/09/21 Pending -- -- --
02/25/2021 02/25/21 Price Changed $1,311 -38.2% $0 / Sq Ft
12/21/2020 12/21/20 For Sale $2,123 -- $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 $24,070 $243,745 -- --
2024 $25,650 $239,392 -- --
2023 $25,650 $475,507 $155,652 $319,855
2022 $25,855 $447,791 $132,108 $315,683
2021 $26,925 $423,540 $150,174 $273,366
2020 $26,576 $304,776 $134,802 $169,974
2019 $24,833 $296,424 $102,132 $194,292
2018 $23,836 $300,294 $107,244 $193,050
2017 $23,128 $292,374 $99,306 $193,068
2016 $23,084 $180,468 $88,668 $91,800
2015 $36,372 $301,329 $76,609 $224,720
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Tanner Milne

    The Menlo Group Commercial Real Estate

    Section Image

  • N

    Buyer's Agent in 2021

    Non-MLS Agent

    Non-MLS Office

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6173482

Arizona Regional Multiple Listing Service (ARMLS)

APN: 218-64-642A

Arizona Maricopa County Mesa 85209 Central Mesa East

7254 E Southern Ave Unit 107, Mesa, AZ

This home is located at 7254 E Southern Ave Unit 107, Mesa, AZ 85209 since 21 December 2020 and is currently estimated at $3,194,856, approximately $209 per square foot. This property was built in 2000. 7254 E Southern Ave Unit 107 is a home located in Maricopa County with nearby schools including Jefferson Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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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