$365,000
Phoenix, AZ 85016
MLS# 5853790
Status: Closed
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Property Description
• Great Investment Opportunity with Cash Flow • Built Out Professional Dental Office Building • Brand New 7 Year NNN Lease • Corporate Guaranty with Regional Dental Group • Strong Tenant Financials • Easy Access to the 202 & 51 Fwy • +/- 1,032 SF • Sales Price: $400,000 ($387.60 PSF) • Renovated in 2014
Details
Maps
Contract Info
Current Price: $365,000
Sold Price: $365,000
Status: Closed
List Date: 2018-12-04
Ownership: Other (See Remarks)
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P35
House Number: 2546
Compass: E
Street Name: THOMAS
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 7914
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 19 BLOCK 6 BILTMORE MANOR MCR 003442
Subdivision: BILTMORE MANOR
Assessor's Map #: 16
Assessor's Parcel #: 124
Add'l Parcels: No
Assessor Number: 119-16-124
Census Tract: 110802
Legal: LOT 19 BLOCK 6 BILTMORE MANOR MCR 003442
Tax Municipality: Phoenix
Taxes: 2017
Tax Year: 2529
General Property Description
Ttl Apx SqFt Bldg: 1032
# of Buildings: 1
Year Built: 1953
Uncvrd Parking Spcs: 10
Zoning: R-5
Remarks & Misc
Cross Street: E Thomas Rd & N 26th St
Geo Lat: 33.480627
Geo Lon: -112.026031
Status Change Info
Status Change Date: 2019-03-06
Off Market Date: 2019-03-06
Under Contract Date: 2019-02-08
Close of Escrow Date: 2019-03-06
Sold Price: $365,000
Legal Info
Township: 2N
Range: 3E
Section: 26
Lot Number: 19
Income & Expenses
Owner Association: No
Net Operating Income: 27864
Pmt & Rate Info
Cap Rate: 6.97
Equity: 400000
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Office
Current Use: Medical/Dental; Office
Stories: 1 Story
Construction: Frame - Wood
Roofing: Other (See Remarks)
Floors: Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Other; See Remarks
Cooling: Other; See Remarks
Loading Facilities: Other (See Remarks)
Interior: Other (See Remarks)
Fencing: Other; See Remarks
Parking: Paved Parking
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water: Other; See Remarks
Sewer: Other (See Remarks)
Source of Fincl Data: Other (See Remarks)
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: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Reports/Disclosures: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: The Menlo Group Commercial Real Estate
Last Updated: August - 06 - 2021
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