$950,000
Phoenix, AZ 85017
MLS# 6343541
Status: Closed
1 / 5
Property Description
Two building are for sale; 6221 & 6245 N 35th Ave. ***Please do not disturb tenants*** Great street exposure & large monument sign. Ceramic tile floors through out most of the suites. Plenty of parking spaces in the front & back of buildings. Roof & AC's replaced recently, Parking lot also redone recently. Currently 100% occupancy, mostly long term tenants.
Details
Maps
Contract Info
Current Price: $950,000
Sold Price: $950,000
Status: Closed
List Date: 2022-01-18
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: N33
House Number: 6245
Compass: N
Street Name: 35TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85017
Zip4: 1455
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 1 CONTINENTAL MEADOWS MARK 1 MCR 008925
Subdivision: CONTINENTAL MEADOWS MARK 1
Assessor's Map #: 5
Assessor's Parcel #: 7
Assessor Parcel Ltr: C
Add'l Parcels: No
Assessor Number: 152-05-007-C
Census Tract: 106900
Legal: LOT 1 CONTINENTAL MEADOWS MARK 1 MCR 008925
Tax Municipality: Phoenix
Taxes: 13530
Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 8779
# of Buildings: 2
Lot Size Dimensions: 125X330
Year Built: 1974
Uncvrd Parking Spcs: 60
Zoning: OFFICE
Remarks & Misc
Cross Street: 35TH Ave & Bethany
Directions: North of Bethany on 35th Ave 2 blocks to property on east side of the road.
Geo Lat: 33.529004
Geo Lon: -112.133927
Status Change Info
Status Change Date: 2022-03-01
Off Market Date: 2022-03-01
Under Contract Date: 2022-01-27
Close of Escrow Date: 2022-02-28
Sold Price: $950,000
Legal Info
Township: 2N
Range: 2E
Section: 11
Lot Number: 1
Income & Expenses
Annual Elec Exp: 12500
Annual Landscape Exp: 280
Annual Legal & Acctg: 1300
Annual Maint Exp: 1200
Annual Mgmt Exp: 3000
Annual Trash Exp: 2000
Annual Wtr/Swr Exp: 1200
Owner Association: No
Gross Annual Sch Inc: 106189
Other Income: 500
Adjusted Gross Inc: 106689
Net Operating Income: 55000
Pmt & Rate Info
Cap Rate: 5.79
Equity: 950000
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Office
Current Use: Mixed Use; Religious Facility; Office
Stories: 1 Story
Construction: Block
Roofing: Built-Up
Floors: Concrete
Ceiling Height: 8 Feet or Less
Cooling: Office A/C
Loading Facilities: None
Interior: Finished; Public Restrooms
Fencing: Block; Partial
Parking: Free; Public Parking
Electric: SRP; Master Meter
Gas: None
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 1.1 - 2 Miles
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Provided by Accntnt
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
Existing 2nd Loan: Treat as Free&Clear
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
Reports/Disclosures: None
Environmental: None
Listing Office: Crown Realty
Last Updated: March - 11 - 2024
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