$3,100,000
Phoenix, AZ 85006
MLS# 5864372
Status: Closed
1 / 25
Property Description
• Multi-Tenant Medical/Office Building • Brand New Monument Signage • Ample Parking of 4.00/1,000 with additional street parking • 3-story parking structure with ample covered parking • Value creation through Opportunity Zone benefits, re-position/lease-up, rising rates in a growing area • Less than 1/2 mile from North 7th St and I-10 full diamond interchange • Bus stop out front and less than 2 miles from the light rail
Details
Contract Info
Ownership: Other (See Remarks)
Current Price: $3,100,000
Sold Price: $3,100,000
Status: Closed
List Date: 2019-01-07
Location, Tax & Legal
Assessor's Map #: 22
Legal Description (Abbrev): LOT 1 BLOCK 2 BURROUGHS MCR 000718
Assessor's Parcel #: 25
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113203
Taxes: 76813
Legal: LOT 1 BLOCK 2 BURROUGHS MCR 000718
Map Code/Grid: P34
House Number: 1301
Compass: E
Street Name: MCDOWELL
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 2605
County Code: Maricopa
Subdivision: BURROUGHS
Assessor Number: 116-22-025-A
Tax Year: 2017
General Property Description
Ttl Apx SqFt Bldg: 28834
# of Buildings: 1
Uncvrd Parking Spcs: 47
Year Built: 1986
Zoning: C-2
Legal Info
Range: 3E
Section: 4
Township: 1N
Lot Number: 1
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: 76813
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Office: 1
Business Type
Dental: 1
Medical: 1
Professional/Office: 1
Stories
2 Stories: 1
Pmt & Rate Info
Down Payment: 0
Equity: 4200000
Total Owed: 0
Assessment Balance: 0
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Other: 1
See Remarks: 1
Cooling
Other: 1
See Remarks: 1
Interior Features
Other (See Remarks): 1
Loading Facilities
Other (See Remarks): 1
Source of Fincl Data
Other (See Remarks): 1
Fencing
Other: 1
See Remarks: 1
Water Source
Other: 1
See Remarks: 1
Sewer
Other: 1
Parking Features
Parking Structure: 1
Paved: 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 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Other (See Remarks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Other (See Remarks): 1
Existing Othr Ln Trm
Not Applicable: 1
Sold Info
Loan Type: Cash
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: E McDowell Rd & N 13th St
Geo Lat: 33.465266
Geo Lon: -112.05386
Status Change Info
Off Market Date: 2020-01-15
Under Contract Date: 2020-01-14
Close of Escrow Date: 2020-02-28
Sold Price: $3,100,000
Property Features
Building Type: Office
Business Type: Dental; Medical; Professional/Office
Stories: 2 Stories
Construction: Other
Roofing: Other
Floors: Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Other; See Remarks
Cooling: Other; See Remarks
Loading Facilities: Other (See Remarks)
Interior Features: Other (See Remarks)
Fencing: Other; See Remarks
Parking Features: Parking Structure; Paved
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water Source: Other; See Remarks
Sewer: Other
New Financing: Other (See Remarks)
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Existing 1st Loan: Other (See Rmks)
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Environmental: Other (See Remarks)
Listing Office: The Menlo Group Commercial Real Estate
Last Updated: January - 21 - 2025
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