1534 E RAY Road, Gilbert, AZ 85296

$4,200,000
Property Type: Comm/Industry Sale Square Footage: 24,209 Lot Size (sq. ft.): 128,287 Status: Closed
Current Price: $4,200,000 List Date: 5/23/2014 Last Modified: 2/18/2015

Overview

Description

Great neighboorhood retail property at 94% occupancy. Good tenant mix with long term tenants and leases.

Listing Details MLS# 5120343

Location, Tax & Legal

Map Code/Grid
T40
House Number
1534
Compass
E
Street Name
RAY
St Suffix
Road
City/Town Code
Gilbert
State/Province
AZ
Zip Code
85296
Zip4
4429
Country
US
County Code
Maricopa
Assessor Number
304-25-915
Tax Year
2013

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Commercial Retail
Ttl Apx SqFt Bldg
24209
# of Buildings
Yes
Year Built
2002
Uncvrd Parking Spcs
96
Zoning
NC

Remarks Misc

Cross Street
Ray Road & Val Vista Drive
Directions
Loop 202 San Tan Freeway East, exit Val Vista Dr, Head North on Val Vista and turn West on Ray Rd. Turn into the property at either one of the 2 access drives either by Discount Tire or Dunn Edwards.

Status Change Info

Off Market Date
2015-02-18
Under Contract Date
2014-10-16
Close of Escrow Date
2015-01-19

Legal Info

Township
1S
Range
6E
Section
20
Lot Number
4

More Information

Contact Info

List Agent Cell Phn2
(602) 501-7199

Sold Info

Loan Type
Cash
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Building Type: Commercial Business Type: Dental; Mixed; Religious Facility; Restaurant; Medical; Retail Stories: 1 Story Construction: Block Roofing: Rolled Floors: Concrete Ceiling Height: 10.1 Feet to 12 Feet Cooling: Heat Pump Loading Facilities: None Interior Features: Finished; Fire Sprinklers; Private Restrooms Exterior: Sprinkler System-Ground; Landscaping; Building Sign; Monument Sign Fencing: Block Parking Features: Free; Private; Paved Electric: SRP Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only Source of Fincl Data: Projected Proforma Existing 1st Loan: Private; Treat as Free&Clear Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Road Surface Type: Asphalt Traffic Count: 35,001 to 50,000 Use Restrictions: CC&R's; Currently Leased Environmental: None
IDX
Listing Office: Preserve Property Management LLC
Last Updated: February - 18 - 2015
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