NOT LISTED FOR SALE

9299 W Olive Ave Unit 507 Peoria, AZ 85345

-- Bed
-- Bath
31,346 Sq Ft
2,428 Sq Ft Lot

Last Sold February 09, 2023

Last sale price $3,550 $0 Per Sq Ft

105 Days on Market

About This Home

As of February 2023

GROSS LEASE, Attractive Complex, Great location, Next to Loop 101 w/ easy access to anywhere in the valley. Office/ warehouse, (Showroom w/ retail section, office w/ window to showroom, storage, ADA bathroom, high ceiling warehouse, oversized roll up door, breakroom, large Mezannine. Close to Cardinal Stadium & other local vendors. Monument sign available at additional cost. Owner/Agent.

Last Agent to Sell the Property

Mehrzard Noghrehchi

Realty ONE Group License #SA076899000 Listed on: 10/31/2022

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Year Built

  • Built in 2006

Lot Details

  • 2,428 Sq Ft Lot
  • Block Wall Fence
  • Property is zoned BPI

Home Design

  • Tilt Up Walls
  • Wood Frame Construction
  • Foam Roof

Interior Spaces

  • 31,346 Sq Ft Home
  • Concrete Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Public Parking
  • Free Parking
  • Paved Parking

Utilities

  • Heating Available
  • 220 Volts

Community Details

  • Olive Avenue Business Park Condominium Subdivision
  • Showroom

Listing and Financial Details

  • Property Available on 12/1/22
  • Tenant pays for electricity, contents insurance, glass insurance, liability insurance, janitorial service
  • The owner pays for property taxes, common area maintenance, trash
  • Tax Lot 59
  • Assessor Parcel Number 142-55-590

Property Details

Property Type

Other

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Cross Street: Loop 101 and Olive Avenue
  • Legal Info Range: 1E
  • Property Type: Comm/Industry Lease
  • Zoning: BPI
  • Lease Info Annual Lse Prc P S F: 13.8
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 3-5
  • Lease Info Space Divisible: No
  • Lease Info Suite Size Avail Max: 3105
  • Year Built: 2006
  • Tax Year: 2022
  • Directions: Loop 101, exit Olive, go west & turn south to the industrial complex. Building 5, Do not diturb tenant.
  • Lot Size Acres: 0.06
  • Road Surface Type: Private Street, Concrete, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: OLIVE AVENUE BUSINESS PARK CONDOMINIUM
  • Structure Type: Other (See Remarks), Commercial, Industrial, Office, Distribution/Warehse
  • Electric 220: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 31346.0

Exterior Features

  • Fencing: Block
  • Disclosures: Vicinity of an Airport, None
  • Construction Type: Frame - Wood, Tilt-Up
  • Roof: Foam, Rolled/Hot Mop
  • Construction:Tilt-Up: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Parking Features: Paved Parking, Public Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: 220 Volts, APS, 3 Phase Power
  • Cooling: Office A/C
  • Heating: Office Heated, Electric
  • Green Building Features: Other (See Remarks), Showroom
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Office Heated: Yes
  • 3 Phase Power: Yes

Association/Amenities

  • Amenities:Other (See Remarks)32: Yes
  • Amenities:Showroom: Yes

Lot Info

  • Lot Size Sq Ft: 2428.0
  • Additional Parcels: No
  • Parcel #: 142-55-590
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2022-12-01

Multi Family

  • Owner Pays: None, Property Taxes, Common Area Maint, Trash
  • Tenant Pays: Electricity, Contents Insurance, Glass Insurance, Liability Insurance, Janitorial Service
  • Existing Lease Type: Gross, Modified Terms, Deposit Required
  • Leasable Area: 3105.0

Tax Info

  • Tax Annual Amount: 3048.0
  • Tax Book Number: 142.00
  • Tax Lot: 59
  • Tax Map Number: 55.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2022
Sold by
Mangat Investments I Llc
Bought by
Microplex Llc

Purchase Details

Closed on
Apr 8, 2011
Sold by
Wells Fargo Bank National Association
Bought by
Mangat Investment I Llc

Purchase Details

Closed on
Oct 28, 2009
Sold by
Le Le Kwak Kwak and Tran Nguyet Minh
Bought by
Wells Fargo Bank National Association

Purchase Details

Closed on
Aug 4, 2006
Sold by
Peoria Commerce Developers Llc
Bought by
Le Le Kwak Kwak and Tran Nguyet Minh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$491,600
Interest Rate
6.22%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Microplex Llc $3,467,750 Pioneer Title
Mangat Investment I Llc $175,000 Stewart Title & Trust Of Pho
Wells Fargo Bank National Association $231,000 None Available
Le Le Kwak Kwak $372,600 Security Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mangat Investments I Llc $375,000
Previous Owner Le Le Kwak $491,600
Previous Owner Le Le Kwak Kwak $491,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2023 02/09/23 Sold $3,550 0.0% $0 / Sq Ft
10/27/2022 10/27/22 For Sale $3,550 -- $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 $2,906 $31,005 -- --
2024 $3,020 $30,451 -- --
2023 $3,020 $52,972 $10,591 $42,381
2022 $3,048 $45,641 $9,118 $36,523
2021 $3,283 $44,910 $8,982 $35,928
2020 $3,304 $43,884 $8,766 $35,118
2019 $3,204 $40,500 $8,100 $32,400
2018 $3,108 $34,560 $6,912 $27,648
2017 $3,100 $31,734 $6,336 $25,398
2016 $3,064 $26,226 $5,238 $20,988
2015 $2,930 $22,385 $4,477 $17,908
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Mehrzard Noghrehchi

    Realty One Group

  • N

    Buyer's Agent in 2023

    Non-MLS Agent

    Non-MLS Office

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6483773

Arizona Regional Multiple Listing Service (ARMLS)

APN: 142-55-590

Arizona Maricopa County Peoria 85345

9299 W Olive Ave Unit 507, Peoria, AZ

This home is located at 9299 W Olive Ave Unit 507, Peoria, AZ 85345 since 31 October 2022. This property was built in 2006. 9299 W Olive Ave Unit 507 is a home located in Maricopa County with nearby schools including Sun Valley Elementary School, Raymond S. Kellis, and Ombudsman - Northwest Charter.

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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