T
Seller's Agent in 2019
Tanner Milne
The Menlo Group Commercial Real Estate
7254 E Southern Ave Mesa, AZ 85209
Central Mesa East NeighborhoodEstimated Value: $3,185,117
Studio
--
Bath
15,249
Sq Ft
$209/Sq Ft
Est. Value
About This Home
As of December 2019• 100% Occupied, Multi-Tenant Professional Office Investment Opportunity
• Cap Rate: 6.50%
• 11 Office Suites
• Rents: Modified Gross (Tenants pay Electric & Janitorial)
• Well-Maintained Garden Courtyard Building
• Common Area Restrooms & Packaged HVAC Units
• Monument Signage Available with Frontage on Southern Ave
• Near Superstition Springs Center
• Convenient Freeway Access - 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: 09/04/2019
Last Buyer's Agent
Tanner Milne
The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 09/04/2019
Property Details
Property Type
- Other
Est. Annual Taxes
- $24,833
Year Built
- Built in 2000
Lot Details
- 1.56 Acre Lot
- Property is zoned LC
Home Design
- 15,249 Sq Ft Home
- Wood Frame Construction
- Tile Roof
- Stucco
Parking
- 52 Open Parking Spaces
- 67 Parking Spaces
- 15 Covered Spaces
- Paved Parking
Community Details
- Net Operating Income $150,780
Listing and Financial Details
- Assessor Parcel Number 218-64-642-A
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 4, 2019
Closed on
Dec 19, 2019
Sold by
7245 East Southern Avenue Llc
Bought by
Land Property Llc
Seller's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
Buyer's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
List Price
$2,319,697
Sold Price
$2,200,000
Premium/Discount to List
-$119,697
-5.16%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$985,117
Avg. Annual Appreciation
6.34%
Original Mortgage
$1,650,000
Outstanding Balance
$1,454,713
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$1,740,143
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 12/20/2019 12/20/19 | Sold | $2,200,000 | -5.2% | $144 / Sq Ft |
| 10/10/2019 10/10/19 | Pending | -- | -- | -- |
| 09/04/2019 09/04/19 | For Sale | $2,319,697 | -- | $152 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5973770
APN: 218-64-642A
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.
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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