2043 S ELLSWORTH Road, Mesa, AZ 85209 (MLS# 5723461)

2043 S ELLSWORTH Road, Mesa, AZ 85209

$4,485,000

Property Type: Comm/Industry Sale Square Footage: 10,702 Lot Size (sq. ft.): 87,991 Status: Closed

Current Price: $4,485,000 List Date: 2/14/2018 Last Modified: 1/04/2025

Overview

Description

Augusta Ranch Outparcels are part of The Village at Augusta Ranch, a successful Albertsons neighborhood shopping center. The Offering includes two buildings featuring Starbucks, Cactus Valley Pools (Poolwerx), Yogi’s Grill, State Farm, Lee Eyecare Center, Sol Azteca Mexican Food Restaurant and Soda Rush. Starbucks recently renewed their lease for 10 years and have been operating at this location since 2002, while State Farm recently renewed for 7 years and Yogi’s Grill renewed for 10 years, boboth have been in business at Augusta Ranch since 2007, proving their success at this location. Augusta Ranch Outparcels offers stable in-place income from a strong tenant mix of both national and local tenants.

Listing Details MLS# 5723461

Location, Tax & Legal

Map Code/Grid: S43
House Number: 2043
Compass: S
Street Name: ELLSWORTH
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85209
Zip4: 1224
County Code: Maricopa
Subdivision: VILLAGE AT AUGUSTA RANCH
Assessor Number: 312-01-966
Tax Year: 2017
Assessor's Map #: 1
Legal Description (Abbrev): LOT 4 VILLAGE AT AUGUSTA RANCH MCR 053645
Assessor's Parcel #: 966
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 422642
Taxes: 26956
Legal: LOT 4 VILLAGE AT AUGUSTA RANCH MCR 053645
Marketing Name: Augusta Ranch Outparcels

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Retail Investment
Ttl Apx SqFt Bldg: 10702
Ttl Apx Net Rnt Spc: 10122
# of Buildings: 2
Year Built: 2003
Uncvrd Parking Spcs: 89
Zoning: C-2

Remarks Misc

Cross Street: Baseline and Ellsworth
Directions: US 60 to Ellsworth. South to property. Two outparcels. One at 2043 S. Ellsworth Rd., and the other at 9265 E. Baseline Rd.

Status Change Info

Off Market Date: 2018-07-24
Under Contract Date: 2018-05-21
Close of Escrow Date: 2018-07-23

Legal Info

Township: 1S
Range: 7E
Section: 3
Lot Number: 4

More Information

Income Expenses

Gross Annual Sch Inc: 354250
Net Operating Income: 280125.3

Sold Info

Loan Type: Conventional
Loan Years: 10
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Block: Yes
Stucco: Yes
Wood Frame: Yes

Roofing

Built-Up: Yes
Tile: Yes

Floors

Concrete: Yes
Wood: Yes
Ceramic Tile: Yes
Carpet: Yes

Income & Expenses

Annual Elec Exp: 14000
Annual Gas Exp: 0
Annual Ins Exp: 2790
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 500
Annual Maint Exp: 4000
Annual Mgmt Exp: 20076
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 68322
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 354250

Building Type

Commercial: Yes

Business Type

Dental: Yes
Service Business: Yes
Restaurant: Yes
Fast Food: Yes
Medical: Yes
Retail: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Cap Rate: 6.24
Down Payment: 4488800
Equity: 4488800
Total Owed: 0
Assessment Balance: 0

Ceiling Height

16.1 Feet to 28 Feet: Yes

Heating

Electric: Yes

Cooling

Central Air: Yes

Interior Features

Finished: Yes

Loading Facilities

None: Yes

Road Surface Type

Asphalt: Yes

Exterior

Corner Lot: Yes
Dual Street Ftg: Yes
Sprinkler System-Ground: Yes
Landscaping: Yes
Curb(s) & Gutter(s): Yes
Building Sign: Yes
Sidewalk(s): Yes
Monument Sign: Yes
Security Light(s): Yes

Source of Fincl Data

Owner: Yes

Traffic Count

35,001 to 50,000: Yes

Fencing

Block: Yes
Partial: Yes

Water Source

City Franchise: Yes

Freeway/Highway

Up to 1 Mile: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
Parking Lot: Yes

Electric

SRP: Yes

Gas

SW Gas: Yes
City Gas: Yes

New Financing

Cash Only: Yes
Cash to Loan: Yes
1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Use Restrictions

CC&R's: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

ALTA Survey Availbl: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

Phase I Available: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Property Features

Building Type: Commercial Business Type: Dental; Service Business; Restaurant; Fast Food; Medical; Retail Stories: 1 Story Construction: Block; Stucco; Wood Frame Roofing: Built-Up; Tile Floors: Concrete; Wood; Ceramic Tile; Carpet Ceiling Height: 16.1 Feet to 28 Feet Cooling: Central Air Loading Facilities: None Interior Features: Finished Exterior: Corner Lot; Dual Street Ftg; Sprinkler System-Ground; Landscaping; Curb(s) & Gutter(s); Building Sign; Sidewalk(s); Monument Sign; Security Light(s) Fencing: Block; Partial Parking Features: Free; Parking Lot Electric: SRP Gas: SW Gas; City Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan; 1031 Exchange Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear 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 Environmental: Phase I Available

Listing Office: Cardon Commercial

Last Updated: January - 04 - 2025