$1,800,000
2150 E CACTUS Road
Phoenix, AZ 85022
MLS# 6229871
Status: Closed



2150 E CACTUS Road, Phoenix, AZ 85022
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Property Description
Excellent value add opportunity in this busy retail center. Located on a high traffic intersection in North/Central Phoenix. Adjacent to EoS Fitness with other national tenants nearby. High vacancy property with deferred maintenance. Priced well below replacement cost. Potential for new owner to occupy space and collect lease revenue.

Details
Maps
Contract Info
Current Price: $1,800,000
Sold Price: $1,800,000
Status: Closed
List Date: 2021-04-30
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: L35
House Number: 2150
Compass: E
Street Name: CACTUS
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85022
Zip4: 5904
Country: USA
County Code: Maricopa
Legal Description (Abbrev): CACTUS GARDENS MCR 95-50 PT TR A DAF COM SE COR SD TR SD PT N R/W LN CACTUS RD TH N 110F TO TPOB TH
Subdivision: CACTUS GARDENS LOT 26-86
Assessor's Map #: 14
Assessor's Parcel #: 37
Assessor Parcel Ltr: L
Add'l Parcels: No
Assessor Number: 166-14-037-L
Census Tract: 103502
Legal: CACTUS GARDENS MCR 95-50 PT TR A DAF COM SE COR SD TR SD PT N R/W LN CACTUS RD TH N 110F TO TPOB TH
Tax Municipality: Maricopa - COUNTY
Taxes: 19835
Tax Year: 2020
General Property Description
Ttl Apx SqFt Bldg: 12201
# of Buildings: 1
Year Built: 1988
Uncvrd Parking Spcs: 55
Zoning: C-2
Remarks & Misc
Cross Street: Cave Creek Rd & Cactus Rd
Directions: Northeast on Cave Creek Rd. to Cactus. Property on on the Northeast corner in the shopping center south to EoS.
Geo Lat: 33.597462
Geo Lon: -112.035433
Status Change Info
Status Change Date: 2022-04-18
Off Market Date: 2022-02-01
Under Contract Date: 2022-02-01
Close of Escrow Date: 2022-04-15
Sold Price: $1,800,000
Legal Info
Township: 3N
Range: 3E
Section: 15
Lot Number: -/-/A
Income & Expenses
Owner Association: No
Operating Exp: 19835
Gross Annual Sch Inc: 140296.2
Vacancy Allowance: 0.75
Adjusted Gross Inc: 35074.05
Net Operating Income: 51717
Pmt & Rate Info
Cap Rate: 2.3
Equity: 2250000
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Current Use: Fast Food; Retail
Stories: 1 Story
Construction: Block
Roofing: Built-Up
Floors: Concrete
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Private Restrooms
Fencing: None
Parking: Free; Public Parking
Electric: APS
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Provided by Owner; Projected Proforma
Reports/Disclosures: None
Environmental: None

Listing Office: Century 21 Arizona Foothills

Last Updated: January - 23 - 2024

2150 E CACTUS Road, Phoenix, AZ 85022 - MLS# 6229871
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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