Fountains Corporate Center
2260 E. Brown Rd.
Mesa, AZ 85213

• List Price: $1,700,000
• Site: 35,362sf, 0.81ac.
• Building: 7,373sf
• Constructed: 1974
• Taxes: $11,373 *2007 (*The County Assessor’s square footage of the building is incorrect. The property is currently being assessed at 5,350 square feet. The title agency will correct the error at close of escrow.)
• Site Dimensions: Approx. 161’x 220’

Excellent Street Signage

Beautiful Landscape and Lighting

New Roof w/ Warranty & A/C Units

• Location: Northwest corner of Brown Road, a major arterial roadway and 23rd Street, a local residential street.
• Traffic Counts: 2006 traffic counts at the intersection of Brown and Gilbert Road are 21.1K east, 21.6K west, 27.2K north and 30K south. Average daily trips.
• Parcel No. 141-11-090
• Zoning: The property is zoned Office Service District O-S. O-S zoning affords a variety of land uses including Banks (w/out drive-through), Medical Offices, Offices, Studios, Animal Hospitals or Clinics, Nursing and Convalescent homes, Day Cares, Wedding and Reception areas.
• Signage: The property has excellent highly visible signage along Brown Road. The sign code has been revised and may allow additional signage.
• Parking Spaces: The property has 22 parking spaces (front, rear and side) plus a drop off and pick up circular driveway. The parking ratio is 1 space per 325sf of gross floor area. Few office properties in the area have this quantity of parking. The City of Mesa requires 1 space per 375sf GFA.
• Expansion: The property was originally constructed as a commercial building housing a residence and an interior decorating studio and converted to a wedding reception business in the mid 90’s. There is a formal landscape area with a pool in the northwest corner of property that was used for wedding photography. (See photographs) A preliminary layout revealed that by removing the pool and garden area, there is approximately a 60’x 82’ area available for building expansion. This would yield approximately 1,000 to 1,500 square feet of additional building area and an additional 8 parking spaces.
• Freeway Access: The property is located approximately 2.5 miles from Loop 202 and 3.5 miles from US 60.
• Light Rail: The light rail in Mesa (2nd Phase) is proposed to follow Main Street with a station at Gilbert and Main. The station will have a positive secondary influence on the property.
• Property Highlights: The property was originally constructed as a commercial building housing a residence and an interior decorating studio and expanded and converted into a wedding reception business in the late 90’s. The building originally contained 5,350 square feet of space. The current owners have expanded the building, using licensed contractors, to its current 7,373 square feet. A floor plan has been attached showing each space and their square footages. There are 17 offices, reception area, conference room, 4 bathrooms, (2 unisex and 2 separate) and a copy room. The original layout created more common area then would be encountered in a normal office configuration; which resulted in a higher than normal load factor. The building sets up well for a single user with lease space, an executive office layout or two primary users.
• Ownership: The property is owned by Amante Investment Partners, LLC; both owners maintain space in the building. One owner is a commercial mortgage broker and the other a CPA. There are two suites (1E and 2W) leased for 3 years and comprise approximately 1, 315sf rentable. One of the LLC partners that leases 3,100sf will be spending a large portion of his time in Texas to care for his elderly parents, so the partners have agreed to sell. The other partner, who leases approximately 3,000 square feet rentable, is willing to stay or relinquish the space for a new owner. A complete breakdown of the leases will be provided to interested parties.
• Acquisition: The property is being offered for sale at an asking price of $1,700,000. The partner who is a commercial mortgage broker will assist any prospective buyer with a loan. The property would be suitable for a SBA loan if the new owner occupied 51% of the space and leased the remainder.
• Photographs: See below for photographs of property.

Rental Income and Operating Expenses will be provided to interested parties. Please contact Thomas Ellis at 602-320-1606 with questions or to view the property.

The information contained in this report has been collected from numerous sources and the owners of the property. All interested parties should verify the information.