4700 S MCCLINTOCK Drive, Tempe, AZ 85282

$3,700,000
Property Type: Comm/Industry Sale Square Footage: 22,868 Lot Size (sq. ft.): 72,527 Status: Closed
Current Price: $3,700,000 List Date: 3/07/2025 Last Modified: 7/08/2025

Description

McClintock Professional Center is a 22,868 square foot, multi-tenant office building constructed on a 72,786 square foot (1.67 acre) site located in Tempe, approximately nine miles SE of the Central Phoenix business district and approximately two miles SW of the Tempe Business District and Arizona State University. The Property is particularly well suited for professional office use by businesses involved in financial services, community development, marketing, medical/health, government, and other link-kind service related industries. The building is of an attractive, post-modern design featuring exterior walls of jumbo red brick and a recessed floor increasing overall energy efficiency. The building is one (1) story with an attractive central atrium.

More Information MLS# 6726971

Contract Info

Ownership: Fee Simple Current Price: $3,700,000 Sold Price: $3,700,000 Status: Closed List Date: 2024-07-03

Location, Tax & Legal

Assessor's Map #: 39 Legal Description (Abbrev): COM SE COR S2 NE4 SE4 SEC TH N 112F TO TPOB TH W 398.90F TH N 218.40F TH E 398.90F TH S 218.40F TO Assessor's Parcel #: 4 Assessor Parcel Ltr: B Add'l Parcels: No Tax Municipality: Tempe Census Tract: 319401 Taxes: 40788 Legal: COM SE COR S2 NE4 SE4 SEC TH N 112F TO TPOB TH W 398.90F TH N 218.40F TH E 398.90F TH S 218.40F TO House Number: 4700 Compass: S Street Name: MCCLINTOCK St Suffix: Drive City/Town Code: Tempe State/Province: AZ Zip Code: 85282 Zip4: 7386 County Code: Maricopa Assessor Number: 133-39-004-B Tax Year: 2024

General Property Description

Ttl Apx SqFt Bldg: 22868 # of Buildings: 2 Uncvrd Parking Spcs: 88 Year Built: 1986 Zoning: C

Legal Info

Range: 4E Section: 35 Township: 1N Lot Number: 008

Construction

Other: 1

Roofing

Other: 1

Floors

Other: 1

Income & Expenses

Annual Elec Exp: 6005.3 Annual Ins Exp: 4942.56 Annual Landscape Exp: 14400 Annual Maint Exp: 15009.16 Annual Mgmt Exp: 20133.17 Annual Wtr/Swr Exp: 8846.44 Owner Association: No Annual Ownr Asoc Fee: 0 Annual Other Expense: 9261.26 Operating Exp: 119385.89 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 402663

Building Type

Commercial: 1 Office: 1

Business Type

Dental: 1 Mixed: 1 Service Business: 1 Medical: 1 Professional/Office: 1

Stories

1 Story: 1

Pmt & Rate Info

Cap Rate: 7.17 Equity: 3950000 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

None: 1

Ceiling Height

8.1 Feet to 10 Feet: 1

Heating

Other: 1

Cooling

Other: 1

Loading Facilities

None: 1

Source of Fincl Data

Owner: 1

Fencing

Other: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Parking Structure: 1 Private: 1 Paved: 1

Electric

SRP: 1

Gas

None: 1

New Financing

Cash Only: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Sold Info

Loan Type: Other Loan Years: 30 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: McClintock & 60 Directions: N on McClintock from 60. Property on right. Geo Lat: 33.382407 Geo Lon: -111.910027

Status Change Info

Off Market Date: 2025-04-18 Under Contract Date: 2025-04-17 Close of Escrow Date: 2025-07-07 Sold Price: $3,700,000

Income Expenses

Gross Annual Sch Inc: 402663 Net Operating Income: 283277.4

Property Features

Building Type: Commercial; Office Business Type: Dental; Mixed; Service Business; Medical; Professional/Office Stories: 1 Story Construction: Other Roofing: Other Floors: Other Ceiling Height: 8.1 Feet to 10 Feet Heating: Other Cooling: Other Loading Facilities: None Fencing: Other Parking Features: Parking Structure; Private; Paved Electric: SRP Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only Lockbox Type: None Source of Fincl Data: Owner Environmental: None
Listing Office: DPR Realty LLC
IDX
Last Updated: July - 08 - 2025
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