$1,000,000
Fountain Hills, AZ 85268
MLS# 6299870
Status: Closed
1 / 87
Property Description
*** PRIME OFFICE BUILDING *** MOUNTAIN VIEWS *** BALCONIES *** *** ABUNDANT PARKING *** UNIQUE DESIGN *** *** TINTED GLASS FRONT AND REAR *** CLASS A BUILDING *** ON MAIN THOROUGHFARE IN DOWNTOWN AREA *** *** 100% OCCUPANCY*** GREAT INVESTMENT OPPORTUNITY!!
Details
Maps
Contract Info
Current Price: $1,000,000
Sold Price: $1,000,000
Status: Closed
List Date: 2021-09-28
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: L41
House Number: 16807
Compass: E
Street Name: PALISADES
St Suffix: Boulevard
City/Town Code: Fountain Hills
State/Province: AZ
Zip Code: 85268
Zip4: 8438
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 29 BLOCK 4 FOUNTAIN HILLS ARIZONA NO. 208 BLOCK 5-8 MCR 014404
Subdivision: FOUNTAIN HILLS ARIZONA NO. 208 BLOCK 5-8
Assessor's Map #: 5
Assessor's Parcel #: 185
Add'l Parcels: No
Assessor Number: 176-05-185
Census Tract: 216818
Legal: LOT 29 BLOCK 4 FOUNTAIN HILLS ARIZONA NO. 208 BLOCK 5-8 MCR 014404
Tax Municipality: Fountain Hills
Taxes: 7161.82
Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 9491
# of Buildings: 1
Lot Size Dimensions: 100 x 60 feet
Year Built: 2000
Uncvrd Parking Spcs: 50
Zoning: C-2
Remarks & Misc
Cross Street: Saguaro Blvd & Palisades Blvd
Directions: Shea Blvd to Saguaro Blvd, North on Saguaro Blvd to Palisades Blvd., West on Palisades Blvd to the property (Parking on South side of building)
Geo Lat: 33.607651
Geo Lon: -111.718057
Status Change Info
Status Change Date: 2022-02-28
Off Market Date: 2022-01-31
Under Contract Date: 2021-10-26
Close of Escrow Date: 2022-02-24
Sold Price: $1,000,000
Legal Info
Township: 3N
Range: 6E
Section: 15
Lot Number: 29
Income & Expenses
Annual Ins Exp: 2200
Annual Maint Exp: 4632
Annual Mgmt Exp: 255
Annual Trash Exp: 523
Annual Wtr/Swr Exp: 956
Owner Association: Yes
Annual Ownr Asoc Fee: 510
Annual Other Expense: 7026
Gross Annual Sch Inc: 59652
Adjusted Gross Inc: 59652
Net Operating Income: 49542
Pmt & Rate Info
Cap Rate: 4.95
Equity: 1000000
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office
Current Use: Medical/Dental; Office
Stories: 2 Stories
Construction: Block
Roofing: Built-Up
Floors: Concrete
Ceiling Height: 10.1 Feet to 12 Feet
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Fire Sprinklers; Smoke Detector(s); Private Restrooms
Exterior: Landscaping; Building Sign
Fencing: None
Parking: Free; Public Parking; Paved Parking
Electric: SRP
Gas: None
Water: City Franchise
Sewer: Sewer - Public
Lockbox Type: None
Special: Incorporated Area
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Roads/Streets: Dedicated Street
Reports/Disclosures: None
Use Restrictions: Currently Leased
Environmental: None
Listing Office: ROX Real Estate
Last Updated: February - 28 - 2022
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