$800,000
715 E SIERRA VISTA Drive
Phoenix, AZ 85014
MLS# 6241672
3579 sqft


715 E SIERRA VISTA Drive, Phoenix, AZ 85014
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Property Description
Rare single tenant free standing office building in highly sought after and nothing but rooftop central Phoenix corridor. This commercial property is ideal for an investor, developer, or owner/user to acquire building in an area where real estate rarely changes ownership. The property currently in use as an educational facility is built out in a plug-and-play fashion with private offices, classrooms, meeting rooms, and huge outdoor grassy green courtyard areas with. Twelve minutes from Sky Harbor International Airport, fifteen minutes to the heart of downtown Phoenix. Close proximity to major highways. Brand recognized concepts in the area include Chase Bank, Walgreens, Raising Canes, Starbucks, Jack In The Box, Safeway.

Details
Maps
Contract Info
Current Price: $800,000
List Price: $800,000
Status: Active
List Date: 2021-05-26
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: N34
House Number: 715
Compass: E
Street Name: SIERRA VISTA
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 1260
Country: USA
County Code: Maricopa
Legal Description (Abbrev): E ORANGEWOOD W 100' OF E 221.10' OF N2 S2 EX N 25' RD LOT 23
Subdivision: EAST ORANGEWOOD LOT 23
Assessor's Map #: 5
Assessor's Parcel #: 41
Add'l Parcels: No
Assessor Number: 161-05-041
Census Tract: 106501
Legal: E ORANGEWOOD W 100' OF E 221.10' OF N2 S2 EX N 25' RD LOT 23
Tax Municipality: Phoenix
Taxes: 6312
Tax Year: 2020
Marketing Name: 715 E Sierra Vista Dr
General Property Description
Type of Property: Commercial
Ttl Apx SqFt Bldg: 3579
# of Buildings: 1
Lot Size Dimensions: 131X100.1
Year Built: 1955
Uncvrd Parking Spcs: 14
Zoning: C-2
Flood Zone: TBD
Remarks & Misc
Cross Street: North 7th Street & Sierra Vista Dr
Directions: South East Corner Of East Sierra Vista Dr & North 7th Street.
Geo Lat: 33.531747
Geo Lon: -112.064427
Status Change Info
Status Change Date: 2021-05-26
Legal Info
Township: 2N
Range: 3E
Section: 9
Lot Number: 23
Income & Expenses
Annual Elec Exp: 5169
Annual Ins Exp: 1500
Annual Mgmt Exp: 3757
Annual Wtr/Swr Exp: 5820
Owner Association: No
Operating Exp: 22558
Gross Annual Sch Inc: 75138
Adjusted Gross Inc: 75138
Pmt & Rate Info
Equity: 857000
Property Features
Building Type: Commercial; Office
Current Use: Religious Facility; Office; Other; See Remarks
Stories: 1 Story
Construction: Other (See Remarks)
Roofing: Foam
Floors: Vinyl; Carpet; Other
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Central A/C; Heat Pump
Loading Facilities: None
Interior: Finished; Fire Sprinklers; Smoke Detector(s); Security System; Security Light(s); Security Camera(s); Alarm System; Private Restrooms
Exterior: Storage Yard; Building Sign
Fencing: Block
Amenities: Conference Room; Reception Room; Kitchen; Security Gate
Parking: Free; Private Parking
Electric: APS
Gas: None
Water: CAP
Sewer: Sewer - Public
Freeway/Highway: Up to 1 Mile
Owner Wants: Cash Only; 1031 Exchange
Special: Accepting Back-Ups
Source of Fincl Data: Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
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
Roads/Streets: Concrete
Traffic Count: 35,001 to 50,000
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Supplements
Rental comparables range from $15.57-$27.00 full-service price per foot. Utilizing $21.00 a foot, the annual revenue could be somewhere around $75,138 year. Appraisal by independent appraisal in March of 2021 for $857,000; therefore, automatic equity is built-in for the next buyer.

Listing Office: E & G Real Estate Services

Last Updated: November - 28 - 2021

715 E SIERRA VISTA Drive, Phoenix, AZ 85014 - MLS# 6241672

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