850 & 858 W ELLIOT Road, Tempe, AZ 85284 (MLS# 6115796)

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
Country
US
County Code
Maricopa
Subdivision
ROOSEVELT COMMERCE PARK
Assessor Number
301-90-021
Tax Year
2020

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 $/%
$

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)
IDX
Listing Office: The Menlo Group Commercial Real Estate
Last Updated: February - 25 - 2025
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