$4,675,000
Scottsdale, AZ 85260
MLS# 5986666
Status: Closed
1 / 6
Property 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.
Details
Documents
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
Interior Features
Other (See Remarks): 1
Loading Facilities
Other (See Remarks): 1
Exterior
Sidewalk(s): 1
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
Building Features
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 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
Use Restrictions
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: 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)
Interior Features: Other (See Remarks)
Exterior: Sidewalk(s); Other (See Remarks)
Fencing: Other; See Remarks
Building Features: 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 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
Traffic Count: Other (See Remarks)
Use Restrictions: Other (See Remarks)
Environmental: Other (See Remarks)
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.
SALE PACKAGE 
Listing Office: Cutler Commercial
Last Updated: August - 06 - 2021
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