$725,000
Fountain Hills, AZ 85268
MLS# 5174154
Status: Closed
1 / 40
Property Description
Nice 6% CAP rate with only 3 units left to lease. Well maintained, newer building with several size office suites ranging from 669 sq ft to 3021 sq ft. Attractive, professional suites with ample parking and within walking distance to town center, restaurants, the Plaza and The Fountain.Features an outside ornamental security gate opening into a beautifully landscaped shaded courtyard. Perfect location in the heart of Fountain Hills near the world famous Fountain.
Details
Maps
Contract Info
Current Price: $725,000
Sold Price: $725,000
Status: Closed
List Date: 2014-09-16
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: L40
House Number: 13215
Compass: N
Street Name: VERDE RIVER
St Suffix: Drive
City/Town Code: Fountain Hills
State/Province: AZ
Zip Code: 85268
Zip4: 8309
Country: USA
County Code: Maricopa
Legal Description (Abbrev): SONORAN HILLS OFFICE CONDOMINIUMS
Subdivision: SONORAN HILLS OFFICE CONDOMINIUMS
Assessor's Map #: 25
Assessor's Parcel #: 625
Add'l Parcels: Yes
Assessor Number: 176-25-625
Census Tract: 216818
Legal: SONORAN HILLS OFFICE CONDOMINIUMS MCR 902-03 UNIT 1 (PLEASE NOTE:
Tax Municipality: Fountain Hills
Taxes: 12909
Tax Year: 2017
General Property Description
Ttl Apx SqFt Bldg: 13538
Ttl Apx Net Rnt Spc: 3021
# of Buildings: 2
Year Built: 2001
Zoning: C2
Remarks & Misc
Cross Street: SHEA BLVD AND SAGUARO BLVD
Directions: North on Saguaro, past The Fountain, left on Parkview. Property on the NE corner of Verde River Dr.
Geo Lat: 33.606099
Geo Lon: -111.717403
Status Change Info
Status Change Date: 2018-09-27
Off Market Date: 2018-09-27
Under Contract Date: 2018-09-14
Close of Escrow Date: 2018-09-26
Sold Price: $725,000
Legal Info
Township: 3N
Range: 6E
Section: 14
Lot Number: 1
Income & Expenses
Annual Elec Exp: 2100
Annual Ins Exp: 4000
Annual Landscape Exp: 2400
Annual Maint Exp: 4800
Owner Association: Yes
Annual Ownr Asoc Fee: 5000
Operating Exp: 31209
Pmt & Rate Info
Down Payment: 20
Equity: 825000
Contact Info
List Agent Home Phn: 602-449-0278
Sold Info
Loan Type: Cash
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office
Current Use: Medical/Dental; Office; Warehouse
Stories: 1 Story
Construction: Block
Roofing: Built-Up; Foam; Rolled
Floors: Concrete; Ceramic Tile; Carpet
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Heat Pump
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Smoke Detector(s); Security Light(s); Private Restrooms; Public Restrooms
Exterior: Corner Lot
Fencing: None
Amenities: Security Gate
Parking: Free; Public Parking
Electric: Individual Meter
Gas: Master Meter
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt
Traffic Count: Not Available
Reports/Disclosures: None
Environmental: None
Listing Office: Century 21 Arizona Foothills
Last Updated: January - 03 - 2023
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