850 & 858 W ELLIOT Road, Tempe, AZ 85284
$4,300,000
Property Type: Comm/Industry Sale Square Footage: 24,960 Lot Size (sq. ft.): 102,001 Status: Closed
Current Price: $4,300,000 List Date: 5/26/2021 Last Modified: 2/25/2025
Overview
Description
• Two (2) freestanding, single-story, Class A multi-tenant office buildings
• 850 W Elliot (east building): +/- 16,000 SF - Four (4) Office Suites
• 858 W Elliot (west building): +/- 8,960 SF - Three (3) Office Suites
• Suite 102 (+/- 6,500 SF) available for owner-user to occupy or Seller will sign a 1-year lease at $23.00/PSF Modified Gross at
COE
• Ample surface & covered parking available
• Central Tempe location with convenient access to the I-10, 101, and 202 Freeways
Listing Details MLS# 6115796
Location, Tax & Legal
- Map Code/Grid
- S36
- House Number
- 850 & 858
- Compass
- W
- Street Name
- ELLIOT
- St Suffix
- Road
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85284
- Zip4
- 1206
- County Code
- Maricopa
- Subdivision
- ROOSEVELT COMMERCE PARK
- Assessor Number
- 301-90-021
- Tax Year
- 2020
- Assessor's Map #
- 90
- Legal Description (Abbrev)
- LOT 1 ROOSEVELT COMMERCE PARK MCR 049913
- Assessor's Parcel #
- 21
- Add'l Parcels
- No
- Tax Municipality
- Tempe
- Census Tract
- 320001
- Taxes
- 65555
- Legal
- LOT 1 ROOSEVELT COMMERCE PARK MCR 049913
Contract Info
- Ownership
- Other (See Remarks)
General Property Description
- Ttl Apx SqFt Bldg
- 24960
- # of Buildings
- 2
- Year Built
- 2001
- Uncvrd Parking Spcs
- 48
- Zoning
- GID
Remarks Misc
- Cross Street
- W Elliot Rd & S Hardy Dr
Status Change Info
- Off Market Date
- 2021-05-26
- Under Contract Date
- 2021-03-22
- Close of Escrow Date
- 2021-05-28
Legal Info
- Township
- 1S
- Range
- 4E
- Section
- 9
- Lot Number
- Yes
More Information
Income Expenses
- Gross Annual Sch Inc
- 521987
- Net Operating Income
- 327969
Sold Info
- Loan Type
- Cash
- Payment Type
- Other
- Clsing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Construction
- Block
- Yes
Roofing
- Other
- Yes
Floors
- Ceramic Tile
- Yes
- Carpet
- Yes
Income & Expenses
- Annual Elec Exp
- 40595
- Annual Ins Exp
- 4952
- Annual Landscape Exp
- 20258
- Annual Maint Exp
- 15440
- Annual Mgmt Exp
- 14000
- Annual Trash Exp
- 1190
- Annual Wtr/Swr Exp
- 6109
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual Other Expense
- 25916
- Operating Exp
- 194015
- Other Income
- 0
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 495887.65
Building Type
- Office
- Yes
Business Type
- Professional/Office
- Yes
Stories
- 1 Story
- Yes
Pmt & Rate Info
- Cap Rate
- 6.88
- Equity
- 4766000
- Total Owed
- 0
Showing Notification Methods
- Text
- Yes
- Yes
- Phone Call
- Yes
Lockbox Type
- None
- Yes
Ceiling Height
- 10.1 Feet to 12 Feet
- Yes
Heating
- Electric
- Yes
Cooling
- Central Air
- Yes
Interior Features
- Finished
- Yes
Loading Facilities
- None
- Yes
Source of Fincl Data
- Other (See Remarks)
- Yes
Fencing
- None
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Paved
- Yes
Electric
- Other (See Remarks)
- Yes
Gas
- None
- Yes
New Financing
- Other (See Remarks)
- Yes
Reports/Disclosures
- Other (See Remarks)
- Yes
Environmental
- Other (See Remarks)
- Yes
Property Features
Building Type: Office Business Type: Professional/Office Stories: 1 Story Construction: Block Roofing: Other Floors: Ceramic Tile; Carpet Ceiling Height: 10.1 Feet to 12 Feet Cooling: Central Air Loading Facilities: None Interior Features: Finished Fencing: None Parking Features: Paved Electric: Other (See Remarks) Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Source of Fincl Data: Other (See Remarks) Environmental: Other (See Remarks)
Listing Office: The Menlo Group Commercial Real Estate
Last Updated: February - 25 - 2025
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.