NOT LISTED FOR SALE

7254 E Southern Ave Unit 123 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 May 01, 2019

Last sale price $1,268 $0 Per Sq Ft

Est. 251,860% increase in value since last sale

Current estimated payment $18,761/month

335 Days on Market

About This Home

As of May 2019

• Professional Office Space for Lease
• 15,249 SF Building
• Suite 123: 895 SF Available
• $1,300.00 per month Modified Gross
• Stunning Landscape with a Beautiful Courtyard
• Covered Parking Available
• Monument Signage Available with frontage on Southern
• Close access to US-60 and Loop 202

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 05/25/2018

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 OC

Home Design

  • 15,249 Sq Ft Home

Parking

  • 10 Open Parking Spaces
  • 12 Parking Spaces
  • 2 Covered Spaces
  • Paved Parking

Listing and Financial Details

  • Property Available on 5/25/18
  • 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: OC
  • Lease Info Annual Lease Price: 15600.0
  • Lease Info Annual Lse Prc P S F: 17.4
  • Lease Info Base Rent Escalation: No
  • Lease Info Lease Year Min Max: 0
  • Lease Info Space Divisible: No
  • Lease Info Suite Size Avail Max: 895
  • Year Built: 2000
  • Tax Year: 2017
  • 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: See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 12.0
  • 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: 67799.0
  • Additional Parcels: No
  • Parcel #: 218-64-642-A
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2018-05-25

Multi Family

  • Owner Pays: Other (See Remarks)
  • Tenant Pays: See Remarks
  • Existing Lease Type: Gross, Modified Terms
  • Leasable Area: 895.0

Tax Info

  • Tax Annual Amount: 23128.0
  • 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
05/01/2019 05/01/19 Sold $1,268 -2.5% $0 / Sq Ft
02/04/2019 02/04/19 Price Changed $1,300 +4.0% $0 / Sq Ft
05/25/2018 05/25/18 For Sale $1,250 -- $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 2019

    Tanner Milne

    The Menlo Group Commercial Real Estate

    Section Image

  • N

    Buyer's Agent in 2019

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5771578

Arizona Regional Multiple Listing Service (ARMLS)

APN: 218-64-642A

Arizona Maricopa County Mesa 85209 Central Mesa East

7254 E Southern Ave Unit 123, Mesa, AZ

This home is located at 7254 E Southern Ave Unit 123, Mesa, AZ 85209 since 25 May 2018 and is currently estimated at $3,194,856, approximately $209 per square foot. This property was built in 2000. 7254 E Southern Ave Unit 123 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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