$849,000
Phoenix, AZ 85022
MLS# 6455520
1 / 18
Property Description
Buidling available to view every week day during business hours, weekend showings require an appointment for access. Projected Income based on avg rents of competing executive suites 15 offices @ $600 per month. Building is currently operating as fully leased Executive Suites. 2021 & YTD financials will be provided upon receipt of offer & EMD from buyers agent.Building Owner is Licensed Real Estate Agent in AZ.
Details
Maps
Contract Info
Current Price: $849,000
List Price: $849,000
Status: Active
List Date: 2022-08-26
Ownership: Condominium
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: L34
House Number: 14001
Compass: N
Street Name: 7TH
St Suffix: Street
Unit #: E109
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85022
Zip4: 4382
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT E1 MOON VALLEY CORPORATE CENTER CONDOMINIUMS 2 AMD MCR 068947
Subdivision: MOON VALLEY CORPORATE CENTER CONDOMINIUMS 2 AMD
Assessor's Map #: 44
Assessor's Parcel #: 69
Add'l Parcels: No
Assessor Number: 214-44-069
Census Tract: 103611
Legal: LOT E1 MOON VALLEY CORPORATE CENTER CONDOMINIUMS 2 AMD MCR 068947
Tax Municipality: Phoenix
Taxes: 5356
Tax Year: 2021
Marketing Name: Moon Valley Corporate Ctr
General Property Description
Type of Property: Office - Executive Suites
Ttl Apx SqFt Bldg: 2500
Ttl Apx Net Rnt Spc: 2500
# of Buildings: 1
Year Built: 2004
Uncvrd Parking Spcs: 20
Zoning: C-O/G-O
Flood Zone: No
Remarks & Misc
Cross Street: 7th Street & Thunderbird Rd
Directions: 7th Street and Thunderbird Road Directions: head north on 7th st from Thunderbird road, turn right into parking lot @ Moon Valley Corporate Center Building E 109.
Geo Lat: 33.613293
Geo Lon: -112.06377
Status Change Info
Status Change Date: 2022-08-26
Legal Info
Township: 3N
Range: 3E
Section: 9
Lot Number: E109
Income & Expenses
Annual Elec Exp: 3756
Annual Ins Exp: 440
Owner Association: Yes
Annual Ownr Asoc Fee: 7872
Annual Other Expense: 15382
Operating Exp: 32806
Gross Annual Sch Inc: 108000
Vacancy Allowance: 0.05
Adjusted Gross Inc: 102600
Net Operating Income: 75149
Pmt & Rate Info
Cap Rate: 7.63
Equity: 985000
Avg Rent P/SqFt: 33.6
Property Features
Building Type: Commercial; Office; Other (See Remarks)
Current Use: Service Business; Office
Stories: 1 Story
Construction: Stucco; Metal; Frame - Wood
Roofing: Tile; Foam
Floors: Vinyl; Ceramic Tile
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Heat Pump; 2 or More Units
Cooling: Central A/C; Heat Pump
Loading Facilities: None; Other (See Remarks)
Interior: Finished; Fire Sprinklers; Smoke Detector(s); Security System; Security Camera(s); Alarm System; Phone System; Public Restrooms
Exterior: Sprinkler Sys-Ground; Landscaping; Building Sign; Monument Sign; Security Camera(s)
Fencing: Block
Amenities: Reception Room; Kitchen; LAN Compatible Copr
Parking: Fenced; Free; Parking Structure; Public Parking; Private Parking; Paved Parking
Electric: APS
Gas: None
Water: Other; See Remarks
Sewer: Sewer - Public
Freeway/Highway: 2.1 - 5 Miles
New Financing: Other (See Remarks)
Lockbox Type: Supra (ARMLS)
Source of Fincl Data: Projected Proforma; 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; Concrete; Curb(s) & Gutter(s); Sidewalk(s)
Reports/Disclosures: None
Use Restrictions: Currently Leased
Environmental: None
Listing Office: DeLex Realty
Last Updated: April - 11 - 2024
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