7900 E GREENWAY Road, Scottsdale, AZ 85260 (MLS# 5986666)

Description

COMPLETELY RENOVATED BUILDING - FOR SALE - Great Investment - Perfect 1031 Exchange Opportunity in the Heart of the Scottsdale Airpark Parcel #'s 215-47-006 and 215-47-007 - ± 29,000 SF Total - (± 16,002 SF Multi-Tenant Office/Warehouse) (± 12,998 SF Multi-Tenant Office) - This property boasts an assortment of high demand small office suites ranging from ±300 to ±2,176 SF and Office/Warehouse suites from ±1,661 to ±4,137 SF. Walking Distance from the prestigious Scottsdale Quarter, Westin Kierland Resort and Spa, Kierland Commons and the Promenade as well as other premier retail & restaurants. Contact Brokers for additional info regarding the Rent Roll.

Supplements: The information contained in this Offering Memorandum is highly confidential, furnished solely for the purpose of review by a prospective purchaser of the Property and is not to be used for any other purpose or made available to any other person without the express written consent of the owner of the Property ("Owner") and Cutler Commercial. No warranty or representation expressed or implied is made by Owner, Cutler Commercial or any of their respective affiliates as to the accuracy or completeness of the information contained herein or as to engineering or environmental matters.

Contract Info

Ownership: Fee Simple Current Price: $4,675,000 Sold Price: $4,675,000 Status: Closed List Date: 2019-09-17

Location, Tax & Legal

Assessor's Map #: 47 Legal Description (Abbrev): LOT 100 7900 EAST GREENWAY ROAD CONDO P/F 87-465449/NO PLA MCR 000050 Assessor's Parcel #: 6 Add'l Parcels: Yes Tax Municipality: Maricopa - COUNTY Census Tract: 216816 Taxes: 15561 Legal: LOT 100 7900 EAST GREENWAY ROAD CONDO P/F 87-465449/NO PLA MCR 000050 Map Code/Grid: L37 House Number: 7900 Compass: E Street Name: GREENWAY St Suffix: Road City/Town Code: Scottsdale State/Province: AZ Zip Code: 85260 Zip4: 1714 County Code: Maricopa Subdivision: 7900 EAST GREENWAY ROAD CONDO P/F 87-465449/NO PLA Assessor Number: 215-47-006 Tax Year: 2019

General Property Description

Ttl Apx SqFt Bldg: 29000 Ttl Apx Net Rnt Spc: 29000 # of Buildings: 1 Uncvrd Parking Spcs: 95 Year Built: 1982 Zoning: I-1, Scottsdale

Legal Info

Range: 4E Section: 2 Township: 3N Lot Number: 100

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: 15561 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0

Building Type

Commercial: 1 Industrial: 1

Business Type

Other: 1 See Remarks: 1

Stories

2 Stories: 1

Pmt & Rate Info

Cap Rate: 6.4 Down Payment: 0 Equity: 4842000 Total Owed: 0 Assessment Balance: 0

Showing Notification Methods

Text: 1 Email: 1 Phone Call: 1

Ceiling Height

16.1 Feet to 28 Feet: 1

Heating

Other: 1 See Remarks: 1

Cooling

Other: 1 See Remarks: 1

Loading Facilities

Other (See Remarks): 1

Exterior

Other (See Remarks): 1

Source of Fincl Data

Other (See Remarks): 1

Traffic Count

Other (See Remarks): 1

Fencing

Other: 1 See Remarks: 1

Water Source

Other: 1 See Remarks: 1

Freeway/Highway

Other (See Remarks): 1

Sewer

Other: 1

Railroad

Other (See Remarks): 1

Parking Features

Other: 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

Use Restrictions

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

Remarks Misc

Directions: 7900 East Greenway Road is centrally located with easy access to the Loop 101 Geo Lat: 33.626104 Geo Lon: -111.910757

Status Change Info

Off Market Date: 2020-11-03 Under Contract Date: 2020-09-23 Close of Escrow Date: 2020-10-29 Sold Price: $4,675,000

Income Expenses

Net Operating Income: 309890

Property Features

Building Type: Commercial; Industrial Business Type: Other; See Remarks Stories: 2 Stories Construction: Other Roofing: Other Floors: Other Ceiling Height: 16.1 Feet to 28 Feet Heating: Other; See Remarks Cooling: Other; See Remarks Loading Facilities: Other (See Remarks) Exterior: Other (See Remarks) Fencing: Other; See Remarks Parking Features: Other Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: Other; See Remarks Sewer: Other Railroad: Other (See Remarks) New Financing: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call 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 Traffic Count: Other (See Remarks) Use Restrictions: Other (See Remarks) Environmental: Other (See Remarks)