$985,000
12035 N Saguaro Boulevard
Fountain Hills, AZ 85268
MLS# 6311953
Status: Closed
7737 sqft


12035 N Saguaro Boulevard, Fountain Hills, AZ 85268
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12035 N Saguaro Boulevard, Fountain Hills, AZ 85268 12035 N Saguaro Boulevard, Fountain Hills, AZ 85268 12035 N Saguaro Boulevard, Fountain Hills, AZ 85268

Property Description
Wonderful Fountain Hills Office Building 100% Occupied! Great Income Investment opportunity with 7737 Sq Ft with 8 separate 100% fully occupied Suites! Well maintained Building with New Roof! Entire Building Repainted! Newer AC Units! Convenient exterior Elevator which is serviced regularly Great location just a few blocks from Scenic 500 ft Fountain!

Details
Maps
Contract Info
Current Price: $935,000
Sold Price: $935,000
Status: Closed
List Date: 2021-10-23
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: M41
House Number: 12035
Compass: N
Street Name: Saguaro
St Suffix: Boulevard
City/Town Code: Fountain Hills
State/Province: AZ
Zip Code: 85268
Zip4: 4683
Country: USA
County Code: Maricopa
Subdivision: Fountain Hills C 3
Assessor's Map #: 8
Assessor's Parcel #: 119
Add'l Parcels: No
Assessor Number: 176-08-119
Legal: Lot 21 Block 3 Fountain hills
Tax Municipality: Fountain Hills
Taxes: 6123
Tax Year: 2021
Marketing Name: Wonderful Opportunity
General Property Description
Type of Property: Commercial Business & Offices
Ttl Apx SqFt Bldg: 7737
# of Buildings: 2
Year Built: 1986
Uncvrd Parking Spcs: 21
Zoning: C 3
Flood Zone: No
Remarks & Misc
Cross Street: Saguaro & Shea
Directions: North on Saguaro
Geo Lat: 33.596103
Geo Lon: -111.715744
Status Change Info
Status Change Date: 2022-04-07
Off Market Date: 2022-03-08
Under Contract Date: 2022-03-02
Close of Escrow Date: 2022-04-06
Sold Price: $935,000
Legal Info
Lot Number: 21
Income & Expenses
Annual Elec Exp: 600
Annual Ins Exp: 2283
Annual Maint Exp: 5100
Annual Mgmt Exp: 3600
Annual Wtr/Swr Exp: 1400
Owner Association: No
Annual Other Expense: 6123
Operating Exp: 25229
Gross Annual Sch Inc: 84000
Adjusted Gross Inc: 84000
Net Operating Income: 64894
Pmt & Rate Info
Cap Rate: 6.59
Equity: 985000
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Property Features
Building Type: Commercial; Office
Current Use: Mixed Use; Service Business; Office; Retail
Stories: 2 Stories
Construction: Stucco; Frame - Wood
Roofing: Built-Up; Tile
Floors: Concrete; Ceramic Tile; Carpet
Ceiling Height: 8.1 Feet to 10 Feet; 10.1 Feet to 12 Feet
Cooling: Heat Pump
Loading Facilities: Grade Level
Interior: Finished; Fire Sprinklers; Smoke Detector(s); Public Restrooms
Exterior: Building Sign; Monument Sign; Security Light(s)
Fencing: Block
Amenities: Public Elevator(s)
Parking: Free; Public Parking; Paved Parking
Electric: SRP
Gas: None
Water: Private Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Owner Wants: Cash Only; Owner May Carry
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: 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
Traffic Count: Up to 5,000
Reports/Disclosures: Seller Prop Disc Stm
Use Restrictions: Currently Leased
Environmental: None

Listing Office: Hague Partners

Last Updated: April - 07 - 2022

12035 N Saguaro Boulevard, Fountain Hills, AZ 85268 - MLS# 6311953
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