$1,375,000
6702 W GREENWAY Road N
Glendale, AZ 85306
MLS# 5912355
Status: Closed



15410 West wing
  1 / 7  
15410 West wing 15410 North wing West North North West Front walk, canopy area

Property Description
100% occupancy with seasoned leases. Sudden health news brings the center to market. Contact Broker for details and back up information. Roof is TPO

Details
Documents
Contract Info
Current Price: $275,000
Sold Price: $275,000
Status: Closed
List Date: 2019-04-16
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: L31
House Number: 6702
Compass: W
Street Name: GREENWAY
St Suffix: Road
St Dir Sfx: N
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85306
Country: USA
County Code: Maricopa
Legal Description (Abbrev): GRANADA ESTATES UNIT 4 MCR 125-34 PT TR A DAF THE S 200F OF THE E 200F TR A & ALSO TH PT OF ABAND R
Subdivision: GRANADA ESTATES 4
Assessor's Map #: 52
Assessor's Parcel #: 136
Assessor Parcel Ltr: E
Add'l Parcels: No
Assessor Number: 200-52-136-E
Census Tract: 71511
Legal: GRANADA ESTATES UNIT 4 MCR 125-34 PT TR A DAF THE S 200F OF THE E 200F TR A & ALSO TH PT OF ABAND R
Tax Municipality: Glendale
Taxes: 25171
Tax Year: 2018
Marketing Name: Fountain Plaza
General Property Description
Type of Property: Retail Strip Center
Ttl Apx SqFt Bldg: 13346
Ttl Apx Net Rnt Spc: 13600
# of Buildings: 1
Lot Size Dimensions: 200' on 67th x 180' on Greenway
Year Built: 1987
Volts/Amps: 110/250
Uncvrd Parking Spcs: 62
Zoning: C-2
Remarks & Misc
Cross Street: NWC 67th Avenue & Greenway Road
Directions: This center is on the Northwest corner of 67th Avenue & Greenway Road
Geo Lat: 33.625499
Geo Lon: -112.202989
Status Change Info
Status Change Date: 2019-10-16
Off Market Date: 2019-08-12
Under Contract Date: 2019-08-08
Close of Escrow Date: 2019-10-15
Sold Price: $275,000
Legal Info
Township: 3N
Range: 1E
Section: 1
Lot Number: 1
Bay Info
# of Bays: 14
Bay Door Height: 83
Bay Size: 36
Income & Expenses
Annual Elec Exp: 787
Annual Ins Exp: 2245
Annual Landscape Exp: 3336
Annual Maint Exp: 16206
Annual Mgmt Exp: 9000
Annual Trash Exp: 1970
Annual Wtr/Swr Exp: 1420
Owner Association: No
Annual Rplcmnt Rsrvs: 5252
Annual Other Expense: 816
Gross Annual Sch Inc: 115250
Other Income: 48900
Adjusted Gross Inc: 164150
Net Operating Income: 97747
Pmt & Rate Info
Down Payment: 1375000
Cap Rate: 7.11
1st Payment Freq: None
2nd Payment Freq: None
3rd Payment Freq: None
Equity: 1375000
Avg Rent P/SqFt: 12.4
Contact Info
List Agent Home Phn: 602-541-8191
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Building Type: Commercial
Current Use: Service Business; Religious Facility; Office; Retail
Stories: 1 Story
Construction: Block
Roofing: Other (See Remarks)
Floors: Concrete; Vinyl; Wood; Ceramic Tile; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump
Cooling: Central A/C; Office A/C
Loading Facilities: Grade Level
Interior: Finished; Private Restrooms
Exterior: Corner Lot; Building Sign
Fencing: Block
Amenities: Physcl Chlgd (SRmks); Display Window(s)
Parking: Free; Private Parking; Paved Parking
Electric: APS; Individual Meter; 3 Phase Power
Gas: SW Gas; Individual Meter
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 2.1 - 5 Miles
Railroad: Other (See Remarks)
Special: Incorporated Area
Source of Fincl Data: Provided by Owner; Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s)
Traffic Count: 35,001 to 50,000
Reports/Disclosures: None
Environmental: None

Listing Office: Wolf Realty, Inc.

Last Updated: October - 16 - 2019

6702 W GREENWAY Road N, Glendale, AZ 85306 - MLS# 5912355
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