14155 W BELL Road, Surprise, AZ 85374 (MLS# 5930243)

$4,618,660

14155 W BELL Road
Surprise, AZ 85374
MLS# 5930243
Status: Closed

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Property Description
Town Square at Surprise is an Ideal, 100% leased investment opportunity. It boasts a strong tenant line up cosisting of over 70% of national tenants. Located next to prominent retailers and restaurants such as In n Out, Starbucks, Panera, Red Robin, Comerica Bank, Dignity Health, and Kohl's department store to name a few. Please download the OM for full property information and drone video.

Details

Maps

Contract Info

Ownership: Fee Simple

Current Price: $4,618,660

Sold Price: $4,618,660

Status: Closed

List Date: 2019-05-23

Location, Tax & Legal

Assessor's Map #: 18

Legal Description (Abbrev): LOT 2 CITY AT SURPRISE PHASE 2 MCR 116023

Assessor's Parcel #: 539

Add'l Parcels: No

Tax Municipality: Surprise

Census Tract: 61028

Taxes: 42730

Legal: LOT 2 CITY AT SURPRISE PHASE 2 MCR 116023

Marketing Name: Town Square at Surprise

Map Code/Grid: L28

House Number: 14155

Compass: W

Street Name: BELL

St Suffix: Road

City/Town Code: Surprise

State/Province: AZ

Zip Code: 85374

Zip4: 4186

County Code: Maricopa

Subdivision: CITY AT SURPRISE PHASE 2

Assessor Number: 501-18-539

Tax Year: 2018

General Property Description

Type of Property: Retail Investment

Ttl Apx SqFt Bldg: 12948

# of Buildings: 1

Uncvrd Parking Spcs: 134

Year Built: 2008

Zoning: PAD

Legal Info

Range: 1W

Section: 4

Township: 3N

Lot Number: 2

Construction

Block: 1

Roofing

Built-Up: 1

Foam: 1

Floors

Concrete: 1

Sealed: 1

Ceramic Tile: 1

Carpet: 1

Income & Expenses

Annual Elec Exp: 18791

Annual Gas Exp: 0

Annual Ins Exp: 3575

Annual Land Lse Exp: 0

Annual Landscape Exp: 11700

Annual Legal & Acctg: 0

Annual Maint Exp: 20300

Annual Mgmt Exp: 8400

Annual Trash Exp: 5200

Annual Wtr/Swr Exp: 0

Owner Association: Yes

Annual Ownr Asoc Fee: 10880

Annual PAD Fee: 0

Annual Rplcmnt Rsrvs: 0

Annual Other Expense: 2000

Other Income: 0

Vacancy Allowance: 0

Adjusted Gross Inc: 450730

Building Type

Commercial: 1

Business Type

Retail: 1

Stories

1 Story: 1

Pmt & Rate Info

Cap Rate: 6.62

Down Payment: 4900000

Equity: 4900000

Total Owed: 0

Assessment Balance: 0

Ceiling Height

16.1 Feet to 28 Feet: 1

Heating

Electric: 1

Natural Gas: 1

Cooling

Central Air: 1

Interior Features

Finished: 1

Fire Sprinklers: 1

Smoke Detector(s): 1

Security System: 1

Security Light(s): 1

Alarm System: 1

Phone System: 1

Private Restrooms: 1

Public Restrooms: 1

Loading Facilities

None: 1

Road Surface Type

Asphalt: 1

Exterior

Sprinkler System-Ground: 1

Landscaping: 1

Curb(s) & Gutter(s): 1

Building Sign: 1

Sidewalk(s): 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

2.1 - 5 Miles: 1

Sewer

Sewer - Public: 1

Parking Features

Free: 1

Parking Lot: 1

Private: 1

Paved: 1

Electric

APS: 1

Submetered System: 1

Gas

SW Gas: 1

City Gas: 1

New Financing

Cash Only: 1

Cash to Loan: 1

1031 Exchange: 1

Existing 1st Loan

Other (See Rmks): 1

Existing 1st Loan Type

Fixed: 1

Existing 1st Loan Terms

Assume-Qualify: 1

Existing 2nd Loan

Treat as Free&Clear: 1

Existing 2nd Loan Type

Not Applicable: 1

Existing 2nd Loan Terms

Not Applicable: 1

Existing 3rd Loan

Treat as Free&Clear: 1

Use Restrictions

CC&R's: 1

Airport Flight Zone: 1

Existing 3rd Loan Type

Not Applicable: 1

Reports/Disclosures

ALTA Survey Availbl: 1

Existing 3rd Loan Terms

Not Applicable: 1

Environmental

Phase I Available: 1

Existing Othr Ln Trm

Not Applicable: 1

Sold Info

Loan Type: Conventional

Loan Years: 25

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: Bell Rd./Litchfield

Directions: Fronts Bell Road just West of Litchfield.

Geo Lat: 33.637933

Geo Lon: -112.364946

Status Change Info

Off Market Date: 2019-08-01

Under Contract Date: 2019-08-01

Close of Escrow Date: 2019-10-01

Sold Price: $4,618,660

Income Expenses

Gross Annual Sch Inc: 450730

Net Operating Income: 324354

Property Features

Building Type: Commercial

Business Type: Retail

Stories: 1 Story

Construction: Block

Roofing: Built-Up; Foam

Floors: Concrete; Sealed; Ceramic Tile; Carpet

Ceiling Height: 16.1 Feet to 28 Feet

Heating: Natural Gas

Cooling: Central Air

Loading Facilities: None

Interior Features: Finished; Fire Sprinklers; Smoke Detector(s); Security System; Security Light(s); Alarm System; Phone System; Private Restrooms; Public Restrooms

Exterior: Sprinkler System-Ground; Landscaping; Curb(s) & Gutter(s); Building Sign; Sidewalk(s); Security Light(s)

Fencing: Block; Partial

Parking Features: Free; Parking Lot; Private; Paved

Electric: APS; Submetered System

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: Other (See Rmks)

Existing 1st Loan Type: Fixed

Existing 1st Loan Terms: Assume-Qualify