Ownership: Fee Simple
Current Price: $4,500,000
Sold Price: $4,500,000
Status: Closed
List Date: 2024-09-04
Assessor's Map #: 6
Legal Description (Abbrev): POR LOT 2 MCR 1332-33 AND PT SW4 SEC 27 DAF COM SE COR SD LOT 2 N 172.15F TH N 88D 54M W 169.77F TH
Assessor's Parcel #: 275
Add'l Parcels: No
Tax Municipality: Cave Creek
Census Tract: 30402
Taxes: 17281
Legal: POR LOT 2 MCR 1332-33 AND PT SW4 SEC 27 DAF COM SE COR SD LOT 2 N 172.15F TH N 88D 54M W 169.77F TH
Marketing Name: La Kanza
House Number: 6501
Compass: E
Street Name: Cave Creek
St Suffix: Road
City/Town Code: Cave Creek
State/Province: AZ
Zip Code: 85331
Zip4: 8683
County Code: Maricopa
Subdivision: La Kanza Plaza at Red Truck
Assessor Number: 216-06-275
Tax Year: 2024
Type of Property: Commercial Retail
Ttl Apx SqFt Bldg: 15500
Ttl Apx Net Rnt Spc: 15500
# of Buildings: 3
Uncvrd Parking Spcs: 105
Lot Size Dimensions: irregular
Flood Zone: Yes
Year Built: 2007
Zoning: CC
Range: 4E
Section: 27
Township: 6N
Lot Number: 2
Block: 1
Stucco: 1
Wood Frame: 1
Other: 1
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 17281
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 372000
Mixed: 1
Restaurant: 1
Retail: 1
Food Service: 1
Cap Rate: 6.5
Down Payment: 1804000
Equity: 4798998
1st Encumbrance: 2995000
1st Interest Rate: 3.5
1st Years Remaining: 5
1st Payment: 14600
1st Payment Freq: Monthly
Total Owed: 2
Showing Service: No Showing Service Used
Email: 1
Phone Call: 1
Heat Pump: 1
Natural Gas: 1
Other: 1
Heat Pump: 1
Office A/C: 1
See Remarks: 1
Finished: 1
Fire Sprinklers: 1
Smoke Detector(s): 1
Security System: 1
Security Light(s): 1
Alarm System: 1
Private Restrooms: 1
Landscaping: 1
Building Sign: 1
Monument Sign: 1
Security Light(s): 1
Partial: 1
See Remarks: 1
City Franchise: 1
Domestic Well: 1
Assume-Qualify: 1
Balloon/Call Prvisn: 1
Currently Leased: 1
Existing Easement(s): 1
Seller Prop Disc Stm: 1
Boundary Survey Avlb: 1
Well Disclosure: 1
None: 1
List Agent Home Phn: 602-418-5079
Loan Type: Cash to Loan
Loan Years: 30
Payment Type: Balloon
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Cross Street: Cave Creek Rd & School House
Directions: Take Cave Creek Rd north of Carefree Hwy to 4 way stop at School House Rd. Continue East on Cave Creek Rd to the second set of buildings on the right or south side. Look for the Red Truck!
Geo Lat: 33.831937
Geo Lon: -111.941018
Off Market Date: 2025-08-14
Under Contract Date: 2025-04-29
Close of Escrow Date: 2025-08-13
Sold Price: $4,500,000
Gross Annual Sch Inc: 372000
Net Operating Income: 312000
Building Type: Commercial
Business Type: Mixed; Restaurant; Retail; Food Service
Stories: 1 Story
Construction: Block; Stucco; Wood Frame; Other
Roofing: Foam
Floors: Concrete; Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Natural Gas; Heat Pump; Other
Cooling: Office A/C; Heat Pump; See Remarks
Loading Facilities: Grade Level
Interior Features: Finished; Fire Sprinklers; Smoke Detector(s); Security System; Security Light(s); Alarm System; Private Restrooms
Exterior: Landscaping; Building Sign; Monument Sign; Security Light(s)
Fencing: Partial; See Remarks
Parking Features: Private
Road Access Type: Dedicated Street
Electric: APS
Gas: SW Gas
Water Source: City Franchise; Domestic Well
Sewer: Sewer - Public
New Financing: Cash Only
Showing Notification Methods: Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Owner
Existing 1st Loan: Private
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Assume-Qualify; Balloon/Call Prvisn
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Balloon/Call Prvisn
Traffic Count: Unknown
Use Restrictions: Currently Leased; Existing Easement(s)
Environmental: None
Lot Survey ›