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Home > 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: 5/29/2021

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

More Information MLS# 6115796

Contract Info

Current Price: $4,300,000 Sold Price: $4,300,000 Status: Closed List Date: 2020-08-11 Ownership: Other (See Remarks)

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

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 Geo Lat: 33.349662 Geo Lon: -111.952125

Status Change Info

Status Change Date: 2021-05-29 Off Market Date: 2021-05-26 Under Contract Date: 2021-03-22 Close of Escrow Date: 2021-05-28 Sold Price: $4,300,000

Legal Info

Township: 1S Range: 4E Section: 9 Lot Number: 1

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 Current Use: Office Stories: 1 Story Construction: Block Roofing: Other (See Remarks) Floors: Ceramic Tile; Carpet Ceiling Height: 10.1 Feet to 12 Feet Cooling: Central A/C Loading Facilities: None Interior: Finished Fencing: None Parking: Paved Parking Electric: Other (See Remarks) Gas: None Water: 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: May - 29 - 2021
850 & 858 W ELLIOT Road, Tempe, AZ 85284- MLS# 6115796
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