$1,598,500
Phoenix, AZ 85022
MLS# 6637260
1 / 27
Details
Maps
Contract Info
Current Price: $1,598,500
List Price: $1,598,500
Status: Active
List Date: 2023-12-05
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 12601
Compass: N
Street Name: CAVE CREEK
St Suffix: Road
St Dir Sfx: N
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85022
Zip4: 6515
Country: USA
County Code: Maricopa
Legal Description (Abbrev): TRACT L CACTUS GARDENS 4 MCR 009742
Subdivision: CACTUS GARDENS 4
Assessor's Map #: 12
Assessor's Parcel #: 21
Add'l Parcels: No
Assessor Number: 166-12-021
Census Tract: 103502
Legal: TRACT L CACTUS GARDENS 4 MCR 009742
Tax Municipality: Phoenix
Taxes: 10935
Tax Year: 2023
Marketing Name: Cave Creek Plaza
General Property Description
Type of Property: garden office
Ttl Apx SqFt Bldg: 11435
Ttl Apx Net Rnt Spc: 11388
# of Buildings: 3
Lot Size Dimensions: irr
Year Built: 1973
Volts/Amps: 110/600
Uncvrd Parking Spcs: 46
Zoning: C-2
Flood Zone: No
Remarks & Misc
Cross Street: Cave Creek & Cactus / Thunderbird
Directions: Just north of Cactus / Thunderbird on the NEC of Cave Creek and Larkspur
Geo Lat: 33.600735
Geo Lon: -112.036562
Status Change Info
Status Change Date: 2023-12-05
Legal Info
Township: 3N
Range: 3E
Section: 15
Lot Number: 4
Bay Info
# of Bays: 20
Income & Expenses
Annual Elec Exp: 18410
Annual Gas Exp: 1622
Annual Ins Exp: 3861
Annual Landscape Exp: 5975
Annual Maint Exp: 6132
Annual Trash Exp: 1500
Annual Wtr/Swr Exp: 2501
Owner Association: No
Operating Exp: 50936
Gross Annual Sch Inc: 159018
Other Income: 8248
Vacancy Allowance: 0.05
Adjusted Gross Inc: 158902.7
Net Operating Income: 108162
Pmt & Rate Info
Cap Rate: 6.77
1st Encumbrance: 550000
1st Interest Rate: 4.22
1st Years Remaining: 7
1st Payment: 3150
1st Payment Freq: Monthly
Total Owed: 550000
Equity: 1048500
Showing Notification Methods
Showing Service: No Showing Service Used
Contact Info
List Agent Home Phn: 602-541-8191
Property Features
Building Type: Commercial; Office
Current Use: Mixed Use; Service Business; Office
Stories: 1 Story
Construction: Block; Stucco
Roofing: Foam
Floors: Vinyl; Ceramic Tile; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump
Cooling: Central A/C
Loading Facilities: Grade Level
Interior: Finished; Public Restrooms
Exterior: Corner Lot; Monument Sign; Security Light(s)
Fencing: None
Amenities: Security Gate
Parking: Free; Private Parking; Paved Parking
Electric: APS; Master Meter; Over 220 Amp
Gas: SW Gas; Master Meter
Water: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Freeway/Highway: 1.1 - 2 Miles
Showing Notification Methods: Phone Call
Lockbox Type: None
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
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); Alley
Traffic Count: 25,001 to 35,000
Reports/Disclosures: None
Environmental: None
Listing Office: Wolf Realty, Inc.
Last Updated: December - 06 - 2023
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