Scottsdale, AZ 85259
MLS# 5860123
Status: Closed
15340 sqft

11390 E VIA LINDA, Scottsdale, AZ 85259
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11390 E VIA LINDA, Scottsdale, AZ 85259 11390 E VIA LINDA, Scottsdale, AZ 85259

Property Description
Ancala Medical Plaza is a single-story, multi-tenant medical office building comprised of approximately ±15,068 rentable square feet, providing ample parking spaces (4.72/1,000) The Building is 100% leased to a high-quality mix of healthcare providers and is anchored by the VA | U.S. Department of Veteran's Affairs Northeast VA Community Based Outpatient Clinic with seven (7) years of lease term remaining. The Building has a weighted average remaining lease term of 6.3 years with FSBY lease structures and fixed annual rent increases. The Property is favorably positioned within the North Scottsdale community as part of the Scottsdale Cure Corridor offering healthcare services to the surrounding neighborhoods.

Contract Info
Current Price: $3,100,000
List Price: $3,244,000
Status: Closed
List Date: 2018-12-11
Location, Tax & Legal
Map Code/Grid: M39
House Number: 11390
Compass: E
Street Name: VIA LINDA
St Suffix: --
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85259
Zip4: 4075
Country: USA
County Code: Maricopa
Assessor Number: 217-70-120
Taxes: 29510
General Property Description
Approx SQFT: 15340
Year Built: 1996
Zoning: C-2
Remarks & Misc
Geo Lat: 33.590255
Geo Lon: -111.834483
Status Change Info
Status Change Date: 2019-04-27
Off Market Date: 2019-03-20
Under Contract Date: 2019-03-14
Close of Escrow Date: 2019-04-26
Sold Price: 3100000
Legal Info
Township: 3N
Range: 5E
Section: 22
Lot Number: 1
Income & Expenses
Annual Elec Exp: 30000
Annual Ins Exp: 2500
Annual Landscape Exp: 5500
Annual Maint Exp: 6000
Annual Mgmt Exp: 9800
Annual Trash Exp: 2100
Annual Wtr/Swr Exp: 2800
Owner Association: No
Annual Rplcmnt Rsrvs: 3200
Annual Other Expense: 30790
Operating Exp: 122200
Gross Annual Sch Inc: 327600
Adjusted Gross Inc: 327600
Net Operating Income: 205400
Pmt & Rate Info
Cap Rate: 6.33
Equity: 3244000
Sold Info
Loan Type: Exchange
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concess $/%: $
Seller Concess $/%: $
Property Features
Building Type: Commercial; Office
Current Use: Medical/Dental
Stories: 1 Story
Construction: Block; Stucco
Roofing: Built-Up; Tile
Floors: Vinyl/Composition; Wood; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Electric; Office Heated; 2 or More Units
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Finished to Suit; Fire Sprinklers; Smoke Detector(s); Security System; Security Light(s); Security Camera(s); Alarm System; Phone System; Private Restrooms; Public Restrooms
Fencing: Block
Parking: Free; Paved Parking
Electric: APS; Underground; Master Meter; Individual Meter
Gas: None
Water: City Franchise
Sewer: Sewer - Public
Owner Wants: Cash Only; Cash to Loan
Source of Fincl Data: Provided by Owner; Provided by Accntnt; Books Shown
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Reports/Disclosures: Seller Prop Disc Stm; Boundary Survey Avlb
Environmental: Phase I Available

Listing Office: RE/MAX Excalibur

Last Updated: April - 27 - 2019

11390 E VIA LINDA, Scottsdale, AZ 85259 - MLS# 5860123

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Monday 27th of January 2020 07:53 AM