$730,000
Surprise, AZ 85374
MLS# 6375336
Status: Closed
1 / 32
Property Description
Incredible opportunity for either an investor or owner user! This property has a lease in place through October 2023, but tenant would likely be willing to vacate early for owner user if needed. Currently being operated as an Orthodontics practice. Current net operating income is approximately 60k a year. Seller just had an appraisal done and it came in at 900k and can be provided to the buyer upon request.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $730,000
Sold Price: $730,000
Status: Closed
List Date: 2022-03-29
Location, Tax & Legal
Assessor's Map #: 60
Legal Description (Abbrev): LOT 501 BROOKSIDE BELL PROFESSIONAL PARK CONDOMINIUMS MCR 099514
Assessor's Parcel #: 577
Add'l Parcels: No
Tax Municipality: Surprise
Census Tract: 40530
Taxes: 5446
Legal: LOT 501 BROOKSIDE BELL PROFESSIONAL PARK CONDOMINIUMS MCR 099514
Map Code/Grid: K28
House Number: 15276
Compass: W
Street Name: BROOKSIDE
St Suffix: Lane
City/Town Code: Surprise
State/Province: AZ
Zip Code: 85374
Zip4: 3998
County Code: Maricopa
Subdivision: BROOKSIDE BELL PROFESSIONAL PARK CONDOMINIUMS
Assessor Number: 503-60-577
Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 2491
# of Buildings: 1
Uncvrd Parking Spcs: 5
Flood Zone: No
Year Built: 2004
Zoning: PAD
Legal Info
Range: 1W
Section: 32
Township: 4N
Lot Number: 501
Construction
Wood Frame: 1
Roofing
Foam: 1
Floors
Ceramic Tile: 1
Carpet: 1
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 7996.08
Operating Exp: 13442.08
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 79351.92
Building Type
Commercial: 1
Office: 1
Business Type
Dental: 1
Medical: 1
Professional/Office: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 6.57
Equity: 875000
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
10.1 Feet to 12 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Office A/C: 1
Loading Facilities
None: 1
Source of Fincl Data
Owner: 1
Fencing
None: 1
Water Source
City Franchise: 1
Freeway/Highway
1.1 - 2 Miles: 1
Sewer
Sewer - Public: 1
Parking Features
Parking Lot: 1
Electric
APS: 1
Gas
None: 1
New Financing
Cash to Loan: 1
Lease Option: 1
Use Restrictions
CC&R's: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Sold Info
Loan Type: Cash
Payment Type: Other
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 AND REEMS
Geo Lat: 33.640242
Geo Lon: -112.388757
Status Change Info
Off Market Date: 2023-07-26
Under Contract Date: 2023-07-07
Close of Escrow Date: 2023-07-25
Sold Price: $730,000
Income Expenses
Gross Annual Sch Inc: 79351.92
Net Operating Income: 57512.76
Property Features
Building Type: Commercial; Office
Business Type: Dental; Medical; Professional/Office
Stories: 1 Story
Construction: Wood Frame
Roofing: Foam
Floors: Ceramic Tile; Carpet
Ceiling Height: 10.1 Feet to 12 Feet
Cooling: Central Air; Office A/C
Loading Facilities: None
Fencing: None
Parking Features: Parking Lot
Electric: APS
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash to Loan; Lease Option
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Owner
Use Restrictions: CC&R's
Environmental: None
Listing Office: The Firm RE
Last Updated: July - 26 - 2023
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.