T
Seller's Agent in 2021
Tanner Milne
The Menlo Group Commercial Real Estate
7525 E Broadway Rd Mesa, AZ 85208
Central Mesa East NeighborhoodEstimated Value: $4,005,348
1
Bed
--
Bath
20,489
Sq Ft
$195/Sq Ft
Est. Value
Highlights
- 2.13 Acre Lot
- Franklin at Brimhall Elementary School Rated A
- Wood Flooring
About This Home
As of January 2021• One parcel of land developed with two adjacent freestanding multi-tenant medical office buildings and a long-term ground-leased cell tower.
• Close proximity to 3 major hospitals including Banner Baywood Medical Center, Mountain Vista Medical Center and Banner Gateway Medical Center.
• Year Built: North Building & North Portion of South Building in 1982. Southernmost Portion of South Building in 1997.
• Ample parking: 5.32/1,000 - 109 open parking spaces; 21 covered spaces; 130 total.
• Recent parking lot asphalt repairs, reseal/stripe (September 2020).
• Brand new Ambulatory Surgery Center (Southwest Cardiovascular Associates/CardioJost) located immediately adjacent to East Broadway Medical center at 7545 E. Broadway Road.
Last Agent to Sell the Property
Tanner Milne
The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 10/05/2020
Last Buyer's Agent
Non-MLS Agent
Non-MLS Office
Property Details
Property Type
- Other
Est. Annual Taxes
- $39,780
Year Built
- Built in 1992
Lot Details
- 2.13 Acre Lot
- Property is zoned OC
Home Design
- 20,489 Sq Ft Home
- Brick Exterior Construction
Flooring
- Wood
- Carpet
Parking
- 109 Open Parking Spaces
- 130 Parking Spaces
- 21 Covered Spaces
- Paved Parking
- Fenced Parking
Listing and Financial Details
- Assessor Parcel Number 218-58-480
Community Details
Overview
- 2 Buildings
Building Details
- Operating Expense $103,163
- Gross Income $335,520
- Net Operating Income $232,355
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 5, 2020
Closed on
Jan 18, 2021
Sold by
East Broadway Medical Center Llc
Bought by
Mesa Medical Ast 2 Llc
Seller's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$3,250,000
Sold Price
$3,125,000
Premium/Discount to List
-$125,000
-3.85%
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
$880,348
Avg. Annual Appreciation
5.47%
Original Mortgage
$2,343,750
Outstanding Balance
$2,090,331
Interest Rate
2.67%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,978,511
Purchase Details
Closed on
Apr 3, 2018
Sold by
Heavens Urgent Care Llc
Bought by
East Broadway Medical Center Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.4%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Mar 27, 2018
Sold by
East Broadway Medical Center Llc
Bought by
Heavens Urgent Care Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.4%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
May 16, 2016
Sold by
Broadway East Medical Llc
Bought by
East Broadway Medical Center Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,762,500
Interest Rate
3.59%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 17, 1998
Sold by
Greco Teresa and Greco Edna M
Bought by
Broadway East Medical Llc
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 |
|---|---|---|---|
| Mesa Medical Ast 2 Llc | $3,125,000 | Chicago Title Agency | |
| East Broadway Medical Center Llc | -- | Great American Title Agency | |
| Heavens Urgent Care Llc | -- | Great American Title Agency | |
| East Broadway Medical Center Llc | $2,350,000 | Old Republic Title Agency | |
| Broadway East Medical Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mesa Medical Ast 2 Llc | $2,343,750 | |
| Previous Owner | Heavens Urgent Care Llc | $210,000 | |
| Previous Owner | East Broadway Medical Center Llc | $1,762,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/29/2021 01/29/21 | Sold | $3,125,000 | -3.8% | $153 / Sq Ft |
| 12/01/2020 12/01/20 | Pending | -- | -- | -- |
| 10/05/2020 10/05/20 | For Sale | $3,250,000 | 0.0% | $159 / Sq Ft |
| 10/05/2020 10/05/20 | Price Changed | $3,250,000 | +4.0% | $159 / Sq Ft |
| 07/29/2020 07/29/20 | Off Market | $3,125,000 | -- | -- |
| 04/03/2020 04/03/20 | Price Changed | $2,850,000 | -5.0% | $139 / Sq Ft |
| 04/03/2020 04/03/20 | For Sale | $3,000,000 | 0.0% | $146 / Sq Ft |
| 02/27/2020 02/27/20 | Pending | -- | -- | -- |
| 11/19/2019 11/19/19 | For Sale | $3,000,000 | -- | $146 / 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 | $36,030 | $364,854 | -- | -- |
| 2024 | $38,395 | $358,339 | -- | -- |
| 2023 | $38,395 | $552,670 | $75,701 | $476,969 |
| 2022 | $38,702 | $519,243 | $67,533 | $451,710 |
| 2021 | $40,304 | $533,502 | $69,462 | $464,040 |
| 2020 | $39,781 | $484,290 | $68,274 | $416,016 |
| 2019 | $37,171 | $425,970 | $62,568 | $363,402 |
| 2018 | $35,680 | $357,012 | $69,858 | $287,154 |
| 2017 | $34,619 | $371,034 | $64,692 | $306,342 |
| 2016 | $33,976 | $318,042 | $57,762 | $260,280 |
| 2015 | $32,823 | $278,481 | $37,370 | $241,111 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2021
Non-MLS Agent
Non-MLS Office
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6006715
APN: 218-58-480
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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