$1,700,000
6070 E CAVE CREEK Road
Cave Creek, AZ 85331
MLS# 6425582
Status: Closed



6070 E CAVE CREEK Road, Cave Creek, AZ 85331
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Property Description
100% leased NNN income property. Free standing 6170+- sq. ft. Building in the heart of Cave Creek Commercial Core on 27,829+- sq. ft. parcel. Exceptional quality built and excellent layout for numerous types of retail. Existing lease has a 3-year term at $17psf NNN with options to extend. 3% annual income each September.

Details
Maps
Contract Info
Current Price: $1,700,000
Sold Price: $1,700,000
Status: Closed
List Date: 2022-06-28
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: F36
House Number: 6070
Compass: E
Street Name: CAVE CREEK
St Suffix: Road
City/Town Code: Cave Creek
State/Province: AZ
Zip Code: 85331
Zip4: 8509
Country: USA
County Code: Maricopa
Legal Description (Abbrev): A PT OF SE4 SEC 28 DAF BEG AT SE COR OF PAR 1 OF
Assessor's Map #: 8
Assessor's Parcel #: 46
Assessor Parcel Ltr: B
Add'l Parcels: No
Assessor Number: 211-08-046-B
Census Tract: 30402
Legal: A PT OF SE4 SEC 28 DAF BEG AT SE COR OF PAR 1 OF ''LOT SPLIT PLAT'' AS RECORDED IN BOOK 466 OF MAPS PA
Tax Municipality: Cave Creek
Taxes: 5895
Tax Year: 2021
Marketing Name: Cave Creek Free Standing
General Property Description
Type of Property: Free Standing Retail
Ttl Apx SqFt Bldg: 6170
Ttl Apx Net Rnt Spc: 6170
# of Buildings: 1
Year Built: 2001
Uncvrd Parking Spcs: 45
Zoning: CC
Remarks & Misc
Cross Street: Cave Creek Road
Directions: Just west of the center of the Town of Cave Creek on the North side of the street.
Geo Lat: 33.833092
Geo Lon: -111.94952
Status Change Info
Status Change Date: 2022-11-19
Off Market Date: 2022-10-19
Under Contract Date: 2022-10-14
Close of Escrow Date: 2022-11-18
Sold Price: $1,700,000
Legal Info
Township: 6N
Range: 4E
Section: 28
Lot Number: N/A
Income & Expenses
Owner Association: No
Operating Exp: 5895
Gross Annual Sch Inc: 124015.68
Adjusted Gross Inc: 124015.68
Net Operating Income: 104889.96
Pmt & Rate Info
Cap Rate: 4.88
Equity: 2150000
Contact Info
List Agent Home Phn: 480-481-0032
Sold Info
Loan Type: Carryback
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Building Type: Commercial
Current Use: Mixed Use; Service Business; Retail
Stories: 1 Story
Construction: Block; Stucco
Roofing: Built-Up
Floors: Concrete
Ceiling Height: 8.1 Feet to 10 Feet
Heating: None
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Smoke Detector(s)
Fencing: None
Parking: Private Parking
Electric: APS; Submetered System; 220
Gas: None
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: Over 5.1 Miles
Source of Fincl Data: Other (See Remarks)
Reports/Disclosures: None
Environmental: None

Listing Office: Realty Executives

Last Updated: November - 19 - 2022

6070 E CAVE CREEK Road, Cave Creek, AZ 85331 - MLS# 6425582
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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