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25560 W US HIGHWAY 85, 15, Buckeye, AZ 85326

$3,700,000
Property Type: Comm/Industry Sale Square Footage: 12,945 Lot Size (sq. ft.): 60,592 Status: Closed
Current Price: $3,700,000 List Date: 9/17/2023 Last Modified: 9/22/2023

Description

Iron Mill Plaza at 25560 W MC 85 is an opportunity to own a 12,994-square-foot office building with a large ground area two blocks from Downtown Buckeye. Presently set up as an executive office, the property can be modified into a manufacturing facility. The current owner operates a large silk-screening company and is open to arranging a leaseback if the new owner desires. Situated on 1.39 acres, zoned C-3 and R-143 for the County of Maricopa, the property has a well and septic on site, plus a large parking area. Nearly two blocks from downtown Buckeye, the Iron Mill Plaza is on the main road of Highway 85, central to the restaurants, retail, and services on Monroe Avenue. An easy-to-view office on Highway 85 that is heavily traveled by over 10,000 cars daily. Commuting is a breeze from t

Supplements: Commuting is a breeze from the property as Interstate 10 is nine minutes away. Buckeye, Arizona, is a small residential community with a scenic rugged desert landscape. A bustling area with a suburban feel, just 38 miles from Phoenix. The property is in a high-development area near all the new distribution centers, with more to come, bringing many new industries and residents to the area. With a population of 31,575 residents within five miles, estimated to grow 2.6% in five years, the Iron Mill Plaza is the ideal destination to set up shop, with endless possibilities and chances to thrive in a rapidly growing area.

More Information MLS# 6488518

Contract Info

Current Price: $3,700,000 Sold Price: $3,700,000 Status: Closed List Date: 2022-11-11 Ownership: Fee Simple

Location Tax Legal

Map Code/Grid: S24 House Number: 25560 Compass: W Street Name: US HIGHWAY 85 St Suffix: -- City/Town Code: Buckeye State/Province: AZ Zip Code: 85326 Zip4: 5282 Country: USA County Code: Maricopa Assessor Number: 400-32-001-L Tax Year: 2022

General Property Description

Ttl Apx SqFt Bldg: 12945 # of Buildings: 1 Year Built: 1976 Uncvrd Parking Spcs: 30 Zoning: C-G, R-43

Remarks Misc

Cross Street: MC 85 and Miller Rd Directions: Follow AZ-101 Loop W and I-10 W to N Miller Rd. Take exit 114 from I-10 W. South to MC 85 (main street in Buckeye) west to Property. Property is on the North side of the road. Geo Lat: 33.370897 Geo Lon: -112.59975

Status Change Info

Status Change Date: 2023-09-22 Off Market Date: 2023-09-17 Under Contract Date: 2023-09-17 Close of Escrow Date: 2023-09-22 Sold Price: $3,700,000

Legal Info

Township: 1S Range: 3W Section: 6

Income Expenses

Gross Annual Sch Inc: 301541 Net Operating Income: 207967

Sold Info

Loan Type: Carryback Loan Years: 2 Payment Type: Fixed Clsing Cost Split: Normal - N Buyer Concession $/%: $ Seller Concession $/%: $

Property Features

Building Type: Commercial; Industrial; Office; Manufacturing; Distribution/Warehse; Other (See Remarks) Current Use: Office; Warehouse; Retail; See Remarks Stories: 1 Story Construction: Block; Stucco Roofing: Foam Floors: Vinyl; Carpet Ceiling Height: 8.1 Feet to 10 Feet Heating: Heat Pump; 2 or More Units Cooling: Central A/C; Heat Pump Loading Facilities: Grade Level Interior: Finished; Security System; Security Light(s); Alarm System; Private Restrooms; Public Restrooms Exterior: Roof Sign; Pole Sign; Building Sign Fencing: None Parking: Free; Private Parking Electric: APS; Master Meter; 3 Phase Power Gas: SW Gas Water: Domestic Well Sewer: Septic Tank New Financing: 1031 Exchange; Other (See Remarks) Lockbox Type: None Source of Fincl Data: Provided by Owner Existing 1st Ln Type: Not Applicable Traffic Count: Unknown Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: September - 22 - 2023
25560 W US HIGHWAY 85, 15, Buckeye, AZ 85326- MLS# 6488518
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