7525 E BROADWAY Road, Mesa, AZ 85208
$3,125,000
Property Type:
Comm/Industry Sale
Square Footage:
20,489
Lot Size (sq. ft.):
92,919
Status:
Closed
Current Price:
$3,125,000
List Date:
10/05/2020
Last Modified:
2/10/2025
Description
• One parcel of land developed with two adjacent freestanding multi-tenant medical office buildings and a long-term ground-leased cell tower.
• Close proximity to 3 major hospitals including Banner Baywood Medical Center, Mountain Vista Medical Center and Banner Gateway Medical Center.
• Year Built: North Building & North Portion of South Building in 1982. Southernmost Portion of South Building in 1997.
• Ample parking: 5.32/1,000 - 109 open parking spaces; 21 covered spaces; 130 total.
• Recent parking lot asphalt repairs, reseal/stripe (September 2020).
• Brand new Ambulatory Surgery Center (Southwest Cardiovascular Associates/CardioJost) located immediately adjacent to East Broadway Medical center at 7545 E. Broadway Road.
More Information MLS# 6006715
Contract Info
Current Price: $3,125,000
Sold Price: $3,125,000
Status: Closed
List Date: 2019-11-19
Ownership: Other (See Remarks)
Location Tax Legal
Map Code/Grid: R42
House Number: 7525
Compass: E
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85208
Zip4: 1152
Country: USA
County Code: Maricopa
Assessor Number: 218-58-480
Tax Year: 2020
General Property Description
Ttl Apx SqFt Bldg: 20489
# of Buildings: 2
Year Built: 1992
Uncvrd Parking Spcs: 109
Zoning: OC
Remarks Misc
Cross Street: E Broadway Rd & S Sossaman Rd
Geo Lat: 33.407047
Geo Lon: -111.669316
Status Change Info
Status Change Date: 2021-02-01
Off Market Date: 2020-12-01
Under Contract Date: 2020-12-01
Close of Escrow Date: 2021-01-29
Sold Price: $3,125,000
Legal Info
Township: 1N
Range: 7E
Section: 30
Income Expenses
Gross Annual Sch Inc: 335520
Net Operating Income: 232355
Sold Info
Loan Type: Conventional
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Office
Current Use: Medical/Dental; Office
Stories: 1 Story
Construction: Brick; Other (See Remarks)
Roofing: Other (See Remarks)
Floors: Wood; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Other; See Remarks
Cooling: Other; See Remarks
Loading Facilities: Other (See Remarks)
Interior: Other (See Remarks)
Fencing: Other; See Remarks
Parking: Fenced; Paved Parking
Electric: APS
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: February - 10 - 2025
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