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
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.
More Information MLS# 5723461
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
Interior Features
Finished: 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1
Exterior
Corner Lot: 1 Dual Street Ftg: 1 Sprinkler System-Ground: 1 Landscaping: 1 Curb(s) & Gutter(s): 1 Building Sign: 1 Sidewalk(s): 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 Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 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
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: 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 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
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