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1534 E RAY Road, Gilbert, AZ 85296 (MLS# 5120343)
$5,023,500
1534 E RAY RoadGilbert, AZ 85296
MLS# 5120343
Status: Closed
1 / 3
Property Description
Great neighboorhood retail property at 94% occupancy. Good tenant mix with long term tenants and leases.
Details
Maps
Contract Info
Current Price: $4,200,000
List Price: $5,023,500
Status: Closed
List Date: 2014-05-23
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: T40
House Number: 1534
Compass: E
Street Name: RAY
St Suffix: Road
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85296
Zip4: 4429
County Code: Maricopa
Assessor Number: 304-25-915
Tax Year: 2013
General Property Description
Type of Property: Commercial Retail
Ttl Apx SqFt Bldg: 24209
# of Buildings: 1
Year Built: 2002
Uncvrd Parking Spcs: 96
Zoning: NC
Remarks Misc
Cross Street: Ray Road & Val Vista Drive
Directions: Loop 202 San Tan Freeway East, exit Val Vista Dr, Head North on Val Vista and turn West on Ray Rd. Turn into the property at either one of the 2 access drives either by Discount Tire or Dunn Edwards.
Geo Lat: 33.322386
Geo Lon: -111.757171
Status Change Info
Off Market Date: 2015-02-18
Under Contract Date: 2014-10-16
Close of Escrow Date: 2015-01-19
Sold Price: 4200000
Legal Info
Township: 1S
Range: 6E
Section: 20
Lot Number: 4
Contact Info
List Agent Cell Phn2: (602) 501-7199
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Business Type: Dental; Mixed; Religious Facility; Restaurant; Medical; Retail
Stories: 1 Story
Construction: Block
Roofing: Rolled
Floors: Concrete
Ceiling Height: 10.1 Feet to 12 Feet
Cooling: Heat Pump
Loading Facilities: None
Interior Features: Finished; Fire Sprinklers; Private Restrooms
Exterior: Sprinkler System-Ground; Landscaping; Building Sign; Monument Sign
Fencing: Block
Parking Features: Free; Private; Paved
Electric: SRP
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only
Source of Fincl Data: Projected Proforma
Existing 1st Loan: Private; Treat as Free&Clear
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
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; Currently Leased
Environmental: None
Listing Office: Preserve Property Management LLC
Last Updated: February - 18 - 2015
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Monday 22nd of December 2025 05:40 AM
