1301 E MCDOWELL Road, Phoenix, AZ 85006

$3,100,000
Property Type: Comm/Industry Sale Square Footage: 28,834 Lot Size (sq. ft.): 53,218 Status: Closed
Current Price: $3,100,000 List Date: 1/15/2020 Last Modified: 1/21/2025

Description

• Multi-Tenant Medical/Office Building • Brand New Monument Signage • Ample Parking of 4.00/1,000 with additional street parking • 3-story parking structure with ample covered parking • Value creation through Opportunity Zone benefits, re-position/lease-up, rising rates in a growing area • Less than 1/2 mile from North 7th St and I-10 full diamond interchange • Bus stop out front and less than 2 miles from the light rail

More Information MLS# 5864372

Contract Info

Ownership: Other (See Remarks) Current Price: $3,100,000 Sold Price: $3,100,000 Status: Closed List Date: 2019-01-07

Location, Tax & Legal

Assessor's Map #: 22 Legal Description (Abbrev): LOT 1 BLOCK 2 BURROUGHS MCR 000718 Assessor's Parcel #: 25 Assessor Parcel Ltr: A Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 113203 Taxes: 76813 Legal: LOT 1 BLOCK 2 BURROUGHS MCR 000718 Map Code/Grid: P34 House Number: 1301 Compass: E Street Name: MCDOWELL St Suffix: Road City/Town Code: Phoenix State/Province: AZ Zip Code: 85006 Zip4: 2605 County Code: Maricopa Subdivision: BURROUGHS Assessor Number: 116-22-025-A Tax Year: 2017

General Property Description

Ttl Apx SqFt Bldg: 28834 # of Buildings: 1 Uncvrd Parking Spcs: 47 Year Built: 1986 Zoning: C-2

Legal Info

Range: 3E Section: 4 Township: 1N Lot Number: 1

Construction

Other: 1

Roofing

Other: 1

Floors

Other: 1

Income & Expenses

Annual Elec Exp: 0 Annual Gas Exp: 0 Annual Ins Exp: 0 Annual Land Lse Exp: 0 Annual Landscape Exp: 0 Annual Legal & Acctg: 0 Annual Maint Exp: 0 Annual Mgmt Exp: 0 Annual Trash Exp: 0 Annual Wtr/Swr Exp: 0 Owner Association: No Annual Ownr Asoc Fee: 0 Annual PAD Fee: 0 Annual Rplcmnt Rsrvs: 0 Annual Other Expense: 0 Operating Exp: 76813 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0

Building Type

Office: 1

Business Type

Dental: 1 Medical: 1 Professional/Office: 1

Stories

2 Stories: 1

Pmt & Rate Info

Down Payment: 0 Equity: 4200000 Total Owed: 0 Assessment Balance: 0

Lockbox Type

None: 1

Ceiling Height

8.1 Feet to 10 Feet: 1

Heating

Other: 1 See Remarks: 1

Cooling

Other: 1 See Remarks: 1

Loading Facilities

Other (See Remarks): 1

Source of Fincl Data

Other (See Remarks): 1

Fencing

Other: 1 See Remarks: 1

Water Source

Other: 1 See Remarks: 1

Sewer

Other: 1

Parking Features

Parking Structure: 1 Paved: 1

Electric

Other (See Remarks): 1

Gas

Other (See Remarks): 1

New Financing

Other (See Remarks): 1

Existing 1st Loan

Other (See Rmks): 1

Existing 2nd Loan

Other (See Remarks): 1

Existing 3rd Loan

Other (See Remarks): 1

Reports/Disclosures

Other (See Remarks): 1

Environmental

Other (See Remarks): 1

Existing Othr Ln Trm

Not Applicable: 1

Sold Info

Loan Type: Cash Payment Type: Other Clsing Cost Split: Normal - N Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $

Remarks Misc

Cross Street: E McDowell Rd & N 13th St Geo Lat: 33.465266 Geo Lon: -112.05386

Status Change Info

Off Market Date: 2020-01-15 Under Contract Date: 2020-01-14 Close of Escrow Date: 2020-02-28 Sold Price: $3,100,000

Property Features

Building Type: Office Business Type: Dental; Medical; Professional/Office Stories: 2 Stories Construction: Other Roofing: Other Floors: Other Ceiling Height: 8.1 Feet to 10 Feet Heating: Other; See Remarks Cooling: Other; See Remarks Loading Facilities: Other (See Remarks) Fencing: Other; See Remarks Parking Features: Parking Structure; Paved Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: Other; See Remarks Sewer: Other New Financing: Other (See Remarks) Lockbox Type: None Source of Fincl Data: Other (See Remarks) Existing 1st Loan: Other (See Rmks) Existing 2nd Loan: Other (See Remarks) Existing 3rd Loan: Other (See Remarks) Existing Othr Ln Trm: Not Applicable Environmental: Other (See Remarks)
Listing Office: The Menlo Group Commercial Real Estate
IDX
Last Updated: January - 21 - 2025
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