14155 W BELL Road, Surprise, AZ 85374
$4,618,660
Property Type: Comm/Industry Sale Square Footage: 12,948 Lot Size (sq. ft.): 94,854 Status: Closed
Current Price: $4,618,660 List Date: 5/23/2019 Last Modified: 1/29/2025
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.
More Information MLS# 5930243
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 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; Airport Flight Zone Environmental: Phase I Available
Listing Office: Cardon Commercial
Last Updated: January - 29 - 2025
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