16265 E Peak Lane, Red Rock, AZ 85245
$1,320,000
Property Type:
Commercial
Square Footage:
2,400
Lot Size (sq. ft.):
7
Status:
Active
Current Price:
$1,320,000
List Date:
1/30/2025
Last Modified:
1/30/2025
Description
NNN Lease in year 12 of 20 year lease; 3% annual increases; Current Mo. Rent at $5,536.93 and Annualized at $66,443.16; Next 3% increase on 11.01.2023 with increased Mo. Rent Adjustment of $5,703.02.
Zoning: CB-2, Pinal County - Commercial CB-2 GENERAL BUSINESS ZONE Any use permitted in PCDSC 2.85.010(B) through (J) (TR transitional zone) and in PCDSC 2.90.010 (CB-1)
More Information MLS# 22502885
Address Information
Country: USA
Street #: 16265
Direction: E
Street Name: Peak
Suffix: Lane
State/Province: AZ
Zip Code: 85245
County: Pinal
Location, Tax & Legal
Tax Year: 2020
Taxes: 3396.56
Assessments: 0
Legal Description: POR OF NW OF SEC 14-9S-9E BING DESC AS FLLWS; COM AT NW COR OF SAID SEC 14; TH E-501.32' TO SWLY ROW OF I-10; TH S-35DE
Municipality/Zoning: Other - CB2
Fire Protection: Included in Taxes
Tax Code: 410-05-005B
Area: Pinal
Contract Information
Short Sale: No
Current Price: $1,320,000
List Price: $1,320,000
Listing Date: 2025-01-30
Status: Active
General Property Information
Property Sub-Type: Retail
Lot Dimensions: irregular
Lot Acres: 4.21
Lot Sqft: 183388
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 550
Lot Size Price/SqFt: 7.2
Year Built: 1987
Combined SqFt: 2400
Construction
Concrete Block: 1
Sewer
Septic: 1
Terms
Cash: 1
Conventional: 1
Submit: 1
Submit With Offer
Proof of Funds: 1
Freeway/Highway
Access: 1
Traffic Count
Over 200,000: 1
Possession
See Remarks: 1
Property Disclosures
Leases: 1
Special Conditions
None: 1
Remarks Misc
Geo Lat: 32.644672
Geo Lon: -111.393704
Income
Net Opp Income: 66443
Property Features
Construction: Concrete Block
Sewer: Septic
Traffic Count: Over 200,000
Terms: Cash; Conventional; Submit
Possession: See Remarks
Submit With Offer: Proof of Funds
Property Disclosures: Leases
Special Conditions: None
Listing Office: Buckelew Realty
Last Updated: January - 30 - 2025
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