$1,515,000
Scottsdale, AZ 85251
MLS# 5747058
Status: Closed
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Property Description
• Solar Panel Covered Parking provides significant electric savings • Highly desire south Scottsdale submarket • Located in area with substantial redevelopment including new multi-family projects, Clayton House event venue and mixed use projects • Energy Savings: Solar panels installed on covered parking canopy and roof provide significant electric energy savings • Property is 86% occupied with only a 1,121 SF built-out dental office that is vacant • Close proximity to restaurants, shopping and downtown Scottsdale amenities • Property located in Scottsdale Downtown Character Area Plan (Downtown Plan) established to promote high-quality redevelopment projects • Convenient access to 101 FWY • Parking Ratio: 4.00/1,000SF
Details
Maps
Contract Info
Current Price: $1,515,000
Sold Price: $1,515,000
Status: Closed
List Date: 2018-04-05
Ownership: Other (See Remarks)
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P37
House Number: 3226
Compass: N
Street Name: MILLER
St Suffix: Road
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85251
Zip4: 6930
Country: USA
County Code: Maricopa
Legal Description (Abbrev): SECURITY AC AMD MCR 8-59 PT LOT 3 E2 N 129.34F BLK 11 EX N 25F & EX P/D 10706-1467
Subdivision: SECURITY ACRES
Assessor's Map #: 20
Assessor's Parcel #: 8
Assessor Parcel Ltr: B
Add'l Parcels: No
Assessor Number: 130-20-008-B
Census Tract: 217600
Legal: SECURITY AC AMD MCR 8-59 PT LOT 3 E2 N 129.34F BLK 11 EX N 25F & EX P/D 10706-1467
Tax Municipality: Scottsdale
Taxes: 12434
Tax Year: 2017
General Property Description
Ttl Apx SqFt Bldg: 8021
# of Buildings: 1
Year Built: 1977
Uncvrd Parking Spcs: 20
Zoning: SR
Remarks & Misc
Cross Street: N Miller Rd & E Monterey Way
Geo Lat: 33.485599
Geo Lon: -111.91816
Status Change Info
Status Change Date: 2019-09-18
Off Market Date: 2019-09-10
Under Contract Date: 2019-07-22
Close of Escrow Date: 2019-09-17
Sold Price: $1,515,000
Legal Info
Township: 2N
Range: 4E
Section: 26
Lot Number: 3
Income & Expenses
Owner Association: No
Operating Exp: 12434
Net Operating Income: 77380
Pmt & Rate Info
Cap Rate: 4.71
Equity: 1644305
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Office; Other (See Remarks)
Current Use: Medical/Dental; Office
Stories: 1 Story
Construction: Other (See Remarks)
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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