$1,785,000
1940 E THUNDERBIRD Road
Phoenix, AZ 85022
MLS# 5914694
Status: Closed



1940 E THUNDERBIRD Road, Phoenix, AZ 85022
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1940 E THUNDERBIRD Road, Phoenix, AZ 85022 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 Picnic table overlooking newly redone parking lot and preserve across the street 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 Newly finished private office/salon suite area Newly finished private office/salon suite area 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 Venetian Plaster, elegant finishes 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 Cave Creek Road and Cactus/Thunderbird Intersection Large Shopping Center - Home Depot, etc. 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 1940 E THUNDERBIRD Road, Phoenix, AZ 85022 1940 E THUNDERBIRD Road, Phoenix, AZ 85022

Property Description
15,424sf CO zoned property on acre lot located between major Freeways, 51, 101 and 17; only 20 minutes from Sky Harbor airport, 7 minutes to Scottsdale, Desert Ridge, Minutes to Paradise Valley! Currently 96% occupied and anticipated to be 100%! This fantastic property is located near the busy intersection of Cave Creek Road and Cactus/Thunderbird Road! There is an updated lobby area and even an elevator serving level two suites. 2400sf has just been transformed into all plumbed 13 medspa suites/executive suites with kitchen and lovely reception a medical office, property has been repainted and parking has been redone, mostly new AC units and more!

Details
Maps
Contract Info
Current Price: $1,785,000
Sold Price: $1,785,000
Status: Closed
List Date: 2019-04-05
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: L35
House Number: 1940
Compass: E
Street Name: THUNDERBIRD
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85022
Country: USA
County Code: Maricopa
Legal Description (Abbrev): E 390F OF TH PT SE4 SW4 LY S OF N 1035F EX ANY PT LY W/IN THUNDERBIRD RD & EX S 5F PER D/P 12876/1 8
Assessor's Map #: 19
Assessor's Parcel #: 9
Assessor Parcel Ltr: D
Add'l Parcels: No
Assessor Number: 166-19-009-D
Census Tract: 103701
Legal: E 390F OF TH PT SE4 SW4 LY S OF N 1035F EX ANY PT LY W/IN THUNDERBIRD RD & EX S 5F PER D/P 12876/1 8
Tax Municipality: Phoenix
Tax District: Marico
Taxes: 17146
Tax Year: 2018
General Property Description
Ttl Apx SqFt Bldg: 15425
# of Buildings: 1
Year Built: 1985
Uncvrd Parking Spcs: 50
Zoning: C-O
Remarks & Misc
Cross Street: Greenway & Cave Creek
Directions: NW Corner of Cactus and Cave Creek Road (One complex West)
Geo Lat: 33.597469
Geo Lon: -112.039818
Status Change Info
Status Change Date: 2021-07-22
Off Market Date: 2021-07-15
Under Contract Date: 2021-07-01
Close of Escrow Date: 2021-07-21
Sold Price: $1,785,000
Legal Info
Township: 3N
Range: 3E
Section: 15
Lot Number: 18
Income & Expenses
Owner Association: No
Operating Exp: 17146
Gross Annual Sch Inc: 220000
Adjusted Gross Inc: 220000
Net Operating Income: 170000
Pmt & Rate Info
Cap Rate: 7.47
Equity: 2275000
Contact Info
List Agent Home Phn: 480-255-7327
Sold Info
Loan Type: Conventional
Loan Years: 10
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Office
Current Use: Mixed Use; Service Business; Religious Facility; Automobile; Medical/Dental; Recreational; Office; Warehouse; Retail; Wholesale; Other; See Remarks
Stories: 2 Stories
Construction: Block; Stucco
Roofing: Built-Up; Foam
Floors: Wood; Ceramic Tile; Carpet; Other
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Office A/C
Loading Facilities: None
Interior: Finished; Finished to Suit; Security Light(s); Private Restrooms; Public Restrooms
Exterior: Landscaping; Monument Sign
Fencing: Block
Amenities: Public Elevator(s); Conference Room; Kitchen
Parking: Private Parking
Electric: APS; Over 220 Amp
Gas: None
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 1.1 - 2 Miles
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Other (See Rmks)
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: 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: 35,001 to 50,000
Reports/Disclosures: None
Environmental: None

Listing Office: Prestige Realty

Last Updated: July - 22 - 2021

1940 E THUNDERBIRD Road, Phoenix, AZ 85022 - MLS# 5914694
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