Ownership: Fee Simple
Current Price: $4,500,000
Sold Price: $4,500,000
Status: Closed
List Date: 2019-01-01
Assessor's Map #: 51
Legal Description (Abbrev): COM S4 COR SEC TH E 1098.20F TH N 15D 24M E 1068.38F TH N 74D 35M W 55F TPOB TH N 15D 24M E 458.
Assessor's Parcel #: 4
Assessor Parcel Ltr: E
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 103607
Taxes: 55395
Legal: COM S4 COR SEC TH E 1098.20F TH N 15D 24M E 1068.38F TH N 74D 35M W 55F TPOB TH N 15D 24M E 458.
Map Code/Grid: L35
House Number: 14040
Compass: N
Street Name: CAVE CREEK
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85022
County Code: Maricopa
Assessor Number: 214-51-004-E
Tax Year: 2019
Ttl Apx SqFt Bldg: 47397
# of Buildings: 1
Uncvrd Parking Spcs: 129
Year Built: 1986
Zoning: C2
Range: 3E
Section: 10
Township: 3N
Block: 1
Metal: 1
Other: 1
Vinyl: 1
Wood: 1
Ceramic Tile: 1
Carpet: 1
Other: 1
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: 55395
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Commercial: 1
Office: 1
Other (See Remarks): 1
Dental: 1
Mixed: 1
Medical: 1
Professional/Office: 1
Other: 1
See Remarks: 1
Cap Rate: 8.57
Down Payment: 0
Equity: 5495000
Total Owed: 0
Assessment Balance: 0
8 Feet or Less: 1
8.1 Feet to 10 Feet: 1
Electric: 1
Heat Pump: 1
Other: 1
See Remarks: 1
Office A/C: 1
Chiller System: 1
Other: 1
See Remarks: 1
Free: 1
Parking Lot: 1
Paved: 1
Cash Only: 1
1031 Exchange: 1
Trade: 1
Lease Option: 1
Lease: 1
List Agent Home Phn: 480-255-7327
Loan Type: Conventional
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 $/%: $
Cross Street: Cave Creek Road and Cactus
Directions: North of Cactus and Cave Creek Road, on West Side of Road
Geo Lat: 33.615049
Geo Lon: -112.034888
Off Market Date: 2020-03-06
Under Contract Date: 2019-11-27
Close of Escrow Date: 2020-03-15
Sold Price: $4,500,000
Net Operating Income: 471000
Building Type: Commercial; Office; Other (See Remarks)
Business Type: Dental; Mixed; Medical; Professional/Office; Other; See Remarks
Stories: 3 - 4 Stories
Construction: Block; Metal; Other
Roofing: Foam; Rolled
Floors: Vinyl; Wood; Ceramic Tile; Carpet; Other
Ceiling Height: 8 Feet or Less; 8.1 Feet to 10 Feet
Heating: Heat Pump; Other; See Remarks
Cooling: Office A/C; Chiller System; Other; See Remarks
Loading Facilities: None
Fencing: None
Parking Features: Free; Parking Lot; Paved
Electric: APS
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; 1031 Exchange; Trade; Lease Option; Lease
Lockbox Type: None
Special: Owner/Agent
Source of Fincl Data: Projected Proforma
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
Existing Othr Ln Trm: Not Applicable
Traffic Count: 15,001 to 25,000
Environmental: None
