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Home > 2 W Germann Road, -, Chandler, AZ 85286 (MLS# 5953013)

2 W Germann Road, -, Chandler, AZ 85286

$6,500,000
Property Type: Land and Lots Lot Size (sq. ft.): 513,363 Status: Closed
Current Price: $6,500,000 List Date: 2/06/2020 Last Modified: 4/28/2020

Description

This property consists of 513,363 SF (11.79 acres) of multifamily and commercially-zoned raw land, located in the heart of Chandler. The commercial zoning runs along Arizona Avenue, with the rest of the property zoned for multifamily. The East Valley of Phoenix has been the primary driver of development growth in recent years and the Phoenix MSA is now predicted to be the number one city in terms of residential development growth in 2017. The property has 785' of street frontage along Arizona Avenue and has 640' of street frontage along Germann Road. The property is one mile from the Loop 202, which provides great accessibility to the rest of the Valley and within close proximity to Downtown Chandler, Gilbert Crossroads Towne Center, Chandler Municipal Airport.

More Information MLS# 5953013

Contract Information

Current Price: $6,500,000 Sold Price: $6,500,000 Status: Closed List Date: 2019-07-01 For Sale or Lease?: Sale Type: ER

Location Tax Legal

Map Code/Grid: U38 House Number: 2 Compass: W Street Name: Germann St Suffix: Road City/Town Code: Chandler State/Province: AZ Zip Code: 85286 Country: USA County Code: Maricopa Assessor Number: 303-27-017-W Tax Year: 2018

General Property Description

Apx Total Acres: 11.79 Apx Total Acres G/N: G Price Per Acre: 551314.67 Apx SqFt: 513363 Price Per SqFt: 12.66 Apx SqFt G/N: G Lot Size Dimensions: +/- 580x110x245x564x30x376x410x14x208x14x431 Street Frontage: 1425 Zoning: C-2 & M-3

Remarks Misc

Cross Street: Arizona Ave & Germann Road Directions: Located 1 mile from Loop 202 and close to Downtown Chandler, Gilbert Crossroads Towne Center, Chandler-Gilbert Community College, and the Chandler Municipal Airport. Geo Lat: 33.277279 Geo Lon: -111.842351

Status Change Info

Status Change Date: 2020-04-28 Off Market Date: 2020-04-28 Under Contract Date: 2019-09-17 Close of Escrow Date: 2020-04-27 Sold Price: $6,500,000

Legal Info

Township: 2S Range: 5E Section: 4 Lot Number: -

Sold Info

Loan Type: Other Closing Cost Split: Normal - N Payment Type: Other Buyer Concession $/%: $ Seller Concession $/%: $

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot; Commercial Lot; Other (See Rmks) Zoned Presently: Multi-Family; Commercial; Other (See Rmks) Parcel Size: 10.00 - 19.99 Acres Water: Other; See Remarks Sewer: Other (See Remarks) Electric: Other (See Rmks) Gas: Other (See Rmks) Distance to Cable: Call Listing Office Distance to Phone: Call Listing Office Distance to Water: Call Listing Office Distance to Electric: Call Listing Office Distance to Gas: Call Listing Office Distance to Sewer: Call Listing Office Existing 1st Loan: Other (See Rmks) Existing 1st Ln Type: Not Applicable Existing 1st Ln Trms: Not Applicable Existing 2nd Loan: Other (See Rmks) Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Other (See Rmks) Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Other Loan: Not Applicable New Financing: Other (See Rmks) Environmental: Other (See Rmks) Lockbox Type: None Fencing: None
Listing Office: Sperry Commercial
Last Updated: April - 28 - 2020
2 W Germann Road, -, Chandler, AZ 85286- MLS# 5953013
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