$4,485,000
Mesa, AZ 85209
MLS# 5723461
Status: Closed
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Property 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.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $4,485,000
Sold Price: $4,485,000
Status: Closed
List Date: 2018-02-14
Location, Tax & Legal
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
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
General Property Description
Type of Property: Retail Investment
Ttl Apx SqFt Bldg: 10702
Ttl Apx Net Rnt Spc: 10122
# of Buildings: 2
Uncvrd Parking Spcs: 89
Year Built: 2003
Zoning: C-2
Legal Info
Range: 7E
Section: 3
Township: 1S
Lot Number: 4
Construction
Block: 1
Stucco: 1
Wood Frame: 1
Roofing
Built-Up: 1
Tile: 1
Floors
Concrete: 1
Wood: 1
Ceramic Tile: 1
Carpet: 1
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: 1
Business Type
Dental: 1
Service Business: 1
Restaurant: 1
Fast Food: 1
Medical: 1
Retail: 1
Stories
1 Story: 1
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: 1
Heating
Electric: 1
Cooling
Central Air: 1
Loading Facilities
None: 1
Interior
Finished: 1
Roads/Streets
Asphalt: 1
Curb(s) & Gutter(s): 1
Sidewalk(s): 1
Exterior
Corner Lot: 1
Dual Street Ftg: 1
Sprinkler Sys-Ground: 1
Landscaping: 1
Building Sign: 1
Monument Sign: 1
Security Light(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
35,001 to 50,000: 1
Fencing
Block: 1
Partial: 1
Water Source
City Franchise: 1
Freeway/Highway
Up to 1 Mile: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Parking Lot: 1
Electric
SRP: 1
Gas
SW Gas: 1
City Gas: 1
New Financing
Cash Only: 1
Cash to Loan: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Ln Type
Not Applicable: 1
Existing 1st Ln Trms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Ln Type
Not Applicable: 1
Existing 2nd Ln Trms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Use Restrictions
CC&R's: 1
Existing 3rd Ln Type
Not Applicable: 1
Reports/Disclosures
ALTA Survey Availbl: 1
Existing 3rd Ln Trms
Not Applicable: 1
Environmental
Phase I Available: 1
Existing Othr Ln Trm
Not Applicable: 1
Sold Info
Loan Type: Conventional
Loan Years: 10
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: $
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.
Geo Lat: 33.379046
Geo Lon: -111.636171
Status Change Info
Off Market Date: 2018-07-24
Under Contract Date: 2018-05-21
Close of Escrow Date: 2018-07-23
Sold Price: $4,485,000
Income Expenses
Gross Annual Sch Inc: 354250
Net Operating Income: 280125.3
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: Finished
Exterior: Corner Lot; Dual Street Ftg; Sprinkler Sys-Ground; Landscaping; Building Sign; 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 Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
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
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