2043 S ELLSWORTH Road, Mesa, AZ 85209 (MLS# 5723461)

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

Overview

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.

Listing Details MLS# 5723461

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Subdivision
VILLAGE AT AUGUSTA RANCH
Assessor Number
312-01-966
Tax Year
2017

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Retail Investment
Ttl Apx SqFt Bldg
10702
Ttl Apx Net Rnt Spc
10122
# of Buildings
2
Year Built
2003
Uncvrd Parking Spcs
89
Zoning
C-2

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.

Status Change Info

Off Market Date
2018-07-24
Under Contract Date
2018-05-21
Close of Escrow Date
2018-07-23

Legal Info

Township
1S
Range
7E
Section
3
Lot Number
4

More Information

Income Expenses

Gross Annual Sch Inc
354250
Net Operating Income
280125.3

Sold Info

Loan Type
Conventional
Loan Years
10
Payment Type
Fixed
Clsing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession $/%
$

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
IDX
Listing Office: Cardon Commercial
Last Updated: January - 04 - 2025
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