402 W Monroe Street, Phoenix, AZ 85003 (MLS# 4727759)

Contract Info

Ownership: Fee Simple Current Price: $3,750,000 Sold Price: $3,750,000 Status: Closed List Date: 2012-03-08

Location, Tax & Legal

Assessor's Map #: 20 Legal Description (Abbrev): Phoenix Assessor's Parcel #: 89 Assessor Parcel Ltr: A Add'l Parcels: Yes Tax Municipality: Phoenix Taxes: 0 Legal: PHOENIX MCR 2-51 LOTS 2 4 6 8 10 & 12 BLK 96 TOG W/I TH PT ABAND ALLEY LY NLY & ADJ TO SD LOTS DESC P/F 05-0762767 Marketing Name: First Presbyterian Church Map Code/Grid: Q34 House Number: 402 Compass: W Street Name: Monroe St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85003 Zip4: 1620 County Code: Maricopa Assessor Number: 112-20-089-A Tax Year: 2011

General Property Description

Type of Property: Religious Ttl Apx SqFt Bldg: 65744 # of Buildings: 1 Uncvrd Parking Spcs: 138 Lot Size Dimensions: Irregular Year Built: 1927 Zoning: C-3

Construction

Block: 1

Roofing

Tile: 1

Floors

Concrete: 1 Vinyl: 1 Wood: 1 Ceramic Tile: 1 Carpet: 1

Income & Expenses

Annual Elec Exp: 1 Annual Gas Exp: 1 Annual Ins Exp: 1 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: 1 Owner Association: No Annual Ownr Asoc Fee: 0 Annual PAD Fee: 0 Annual Rplcmnt Rsrvs: 0 Annual Other Expense: 0 Operating Exp: 4 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0

Building Type

Other (See Remarks): 1

Business Type

Religious Facility: 1

Stories

3 - 4 Stories: 1

Pmt & Rate Info

Down Payment: 3720000 Equity: 3720000 1st Encumbrance: 0 Total Owed: 0 Assessment Balance: 0

Ceiling Height

8.1 Feet to 10 Feet: 1 28.1 Feet or Over: 1

Heating

Natural Gas: 1

Cooling

Central Air: 1

Loading Facilities

None: 1

Exterior

Corner Lot: 1 Dual Street Ftg: 1

Source of Fincl Data

Owner: 1

Traffic Count

Unknown: 1

Fencing

Chain Link: 1 Security: 1

Water Source

City Franchise: 1

Freeway/Highway

1.1 - 2 Miles: 1

Sewer

Sewer - Public: 1 Sewer-In & Connected: 1

Railroad

RlRd up to 1 Mile: 1

Parking Features

Private: 1 Paved: 1

Electric

APS: 1

Gas

SW Gas: 1

New Financing

Cash Only: 1 Lease Option: 1

Existing 1st Loan

Treat as Free&Clear: 1

Existing 2nd Loan

Treat as Free&Clear: 1

Existing 3rd Loan

Treat as Free&Clear: 1

Use Restrictions

Existing Easement(s): 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Environmental

None: 1

Existing Othr Ln Trm

Not Applicable: 1

Sold Info

Loan Type: Bond/IDA Loan Years: 25 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: W Monroe & 4th Ave Directions: One block S. of Van Buren between 4th & 6th Ave. Geo Lat: 33.45066 Geo Lon: -112.079573

Status Change Info

Off Market Date: 2012-06-11 Under Contract Date: 2012-06-10 Close of Escrow Date: 2012-10-01 Sold Price: $3,750,000

Legal Info

Lot Number: 2,4,6,8,10,12

Property Features

Building Type: Other (See Remarks) Business Type: Religious Facility Stories: 3 - 4 Stories Construction: Block Roofing: Tile Floors: Concrete; Vinyl; Wood; Ceramic Tile; Carpet Ceiling Height: 8.1 Feet to 10 Feet; 28.1 Feet or Over Heating: Natural Gas Cooling: Central Air Loading Facilities: None Exterior: Corner Lot; Dual Street Ftg Fencing: Chain Link; Security Parking Features: Private; Paved Electric: APS Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected Railroad: RlRd up to 1 Mile New Financing: Cash Only; Lease Option Source of Fincl Data: Owner 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: Unknown Use Restrictions: Existing Easement(s) Environmental: None