2640 W Medtronic Way, Tempe, AZ 85281
$4,100,000
Property Type:
Comm/Industry Sale
Square Footage:
21,218
Lot Size (sq. ft.):
59,390
Status:
Closed
Current Price:
$4,100,000
List Date:
12/22/2023
Last Modified:
3/22/2025
Description
Over 21,000 SF, fully air conditioned production - flex space with additional uses including distribution, manufacturing, laboratory and office. Current building layout is perfect for one owner-user or tenant or potential multi-tenant occupancy. 53 parking spaces including 9 covered. Two 12' overhead doors. Two 400 amp panels service. Clean Room. Situated on 1.36+AC and ideally located less than 1 mile to the I-10 and 143 Freeways, 2 miles to the 202 Fwy and Sky Harbor Airport, 3 miles to ASU and 10 minutes to downtown Phoenix. Excellent highway exposure with monument signage already in place. Please do not disturb tenants. Floorplan in ''Documents'' tab.
More Information MLS# 6642895
Contract Info
Ownership: Fee Simple
Current Price: $4,100,000
Sold Price: $4,100,000
Status: Closed
List Date: 2023-12-21
Location, Tax & Legal
Assessor's Map #: 56
Legal Description (Abbrev): HOHOKAM INDUSTRIAL PARK MCR 149-25 LOT 28 EX E 16 6.94F
Assessor's Parcel #: 39
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319704
Taxes: 24442
Legal: HOHOKAM INDUSTRIAL PARK MCR 149-25 LOT 28 EX E 16 6.94F
House Number: 2640
Compass: W
Street Name: Medtronic
St Suffix: Way
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
County Code: Maricopa
Subdivision: HOHOKAM INDUSTRIAL PARK
Assessor Number: 124-56-039-A
Tax Year: 2023
General Property Description
Type of Property: Industrial Flex
Ttl Apx SqFt Bldg: 21218
# of Buildings: 1
Uncvrd Parking Spcs: 44
Lot Size Dimensions: 281' x 222' x 256' x 220'
Flood Zone: No
Volts/Amps: 400
Year Built: 1980
Zoning: GID, I-1
Legal Info
Range: 4E
Section: 20
Township: 1N
Lot Number: 28
Construction
Block: 1
Roofing
Built-Up: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Bay Info
# of Bay Doors: 2
Bay Door Height: 12
Bay Door Width: 12
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 24442
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Industrial: 1
Office: 1
Manufacturing: 1
Distribution/Warehouse: 1
Other (See Remarks): 1
Business Type
Mixed: 1
Professional/Office: 1
Warehouse: 1
Other: 1
Stories
1 Story: 1
Pmt & Rate Info
Equity: 4250000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
12.1 Feet to 14 Feet: 1
14.1 Feet to 16 Feet: 1
Heating
Heat Pump: 1
Office Heated: 1
2 or More Units: 1
Cooling
Central Air: 1
Warehouse A/C: 1
Interior Features
Finished: 1
Fire Sprinklers: 1
Smoke Detector(s): 1
Security System: 1
Security Camera(s): 1
Alarm System: 1
Private Restrooms: 1
Loading Facilities
Grade Level: 1
Drive-in Door(s): 1
Road Surface Type
Asphalt: 1
Exterior
Corner Lot: 1
Dual Street Ftg: 1
Sprinkler System-Ground: 1
Landscaping: 1
Curb(s) & Gutter(s): 1
Monument Sign: 1
Security Light(s): 1
Source of Fincl Data
Owner: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Freeway/Highway
Frontage: 1
Up to 1 Mile: 1
Building Features
Conference Room: 1
Clean Room: 1
Kitchen: 1
Sewer
Sewer - Public: 1
Parking Features
Parking Lot: 1
Private: 1
Paved: 1
Electric
SRP: 1
Over 220 Amp: 1
Gas
City Gas: 1
New Financing
Cash to Loan: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 602-803-0933
Sold Info
Loan Type: SBA
Loan Years: 30
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: University and 52nd St.
Directions: 52nd St south to Metronic Way. West to property.
Geo Lat: 33.417935
Geo Lon: -111.977023
Status Change Info
Off Market Date: 2025-03-22
Under Contract Date: 2024-12-20
Close of Escrow Date: 2025-03-21
Sold Price: $4,100,000
Property Features
Building Type: Commercial; Industrial; Office; Manufacturing; Distribution/Warehouse; Other (See Remarks)
Business Type: Mixed; Professional/Office; Warehouse; Other
Stories: 1 Story
Construction: Block
Roofing: Built-Up
Floors: Vinyl; Ceramic Tile
Ceiling Height: 12.1 Feet to 14 Feet; 14.1 Feet to 16 Feet
Heating: Heat Pump; Office Heated; 2 or More Units
Cooling: Central Air; Warehouse A/C
Loading Facilities: Grade Level; Drive-in Door(s)
Interior Features: Finished; Fire Sprinklers; Smoke Detector(s); Security System; Security Camera(s); Alarm System; Private Restrooms
Exterior: Corner Lot; Dual Street Ftg; Sprinkler System-Ground; Landscaping; Curb(s) & Gutter(s); Monument Sign; Security Light(s)
Fencing: Block
Building Features: Conference Room; Clean Room; Kitchen
Parking Features: Parking Lot; Private; Paved
Electric: SRP; Over 220 Amp
Gas: City Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash to Loan
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Road Surface Type: Asphalt
Environmental: None
Documents
Unbranded Floorplan ›Listing Office: HomeSmart Realty
Last Updated: March - 22 - 2025
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