$4,675,000
Scottsdale, AZ 85260
MLS# 5986666
Status: Closed
1 / 6
Property Description
COMPLETELY RENOVATED BUILDING - FOR SALE - Great Investment - Perfect 1031 Exchange Opportunity in the Heart of the Scottsdale Airpark Parcel #'s 215-47-006 and 215-47-007 - ± 29,000 SF Total - (± 16,002 SF Multi-Tenant Office/Warehouse) (± 12,998 SF Multi-Tenant Office) - This property boasts an assortment of high demand small office suites ranging from ±300 to ±2,176 SF and Office/Warehouse suites from ±1,661 to ±4,137 SF. Walking Distance from the prestigious Scottsdale Quarter, Westin Kierland Resort and Spa, Kierland Commons and the Promenade as well as other premier retail & restaurants. Contact Brokers for additional info regarding the Rent Roll.
Details
Maps
Documents
Contract Info
Current Price: $4,675,000
Sold Price: $4,675,000
Status: Closed
List Date: 2019-09-17
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: L37
House Number: 7900
Compass: E
Street Name: GREENWAY
St Suffix: Road
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85260
Zip4: 1714
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 100 7900 EAST GREENWAY ROAD CONDO P/F 87-465449/NO PLA MCR 000050
Subdivision: 7900 EAST GREENWAY ROAD CONDO P/F 87-465449/NO PLA
Assessor's Map #: 47
Assessor's Parcel #: 6
Add'l Parcels: Yes
Assessor Number: 215-47-006
Census Tract: 216816
Legal: LOT 100 7900 EAST GREENWAY ROAD CONDO P/F 87-465449/NO PLA MCR 000050
Tax Municipality: Maricopa - COUNTY
Taxes: 15561
Tax Year: 2019
General Property Description
Ttl Apx SqFt Bldg: 29000
Ttl Apx Net Rnt Spc: 29000
# of Buildings: 1
Year Built: 1982
Uncvrd Parking Spcs: 95
Zoning: I-1, Scottsdale
Remarks & Misc
Directions: 7900 East Greenway Road is centrally located with easy access to the Loop 101
Geo Lat: 33.626104
Geo Lon: -111.910757
Status Change Info
Status Change Date: 2020-11-03
Off Market Date: 2020-11-03
Under Contract Date: 2020-09-23
Close of Escrow Date: 2020-10-29
Sold Price: $4,675,000
Legal Info
Township: 3N
Range: 4E
Section: 2
Lot Number: 100
Income & Expenses
Owner Association: No
Operating Exp: 15561
Net Operating Income: 309890
Pmt & Rate Info
Cap Rate: 6.4
Equity: 4842000
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Building Type: Commercial; Industrial
Current Use: Other; See Remarks
Stories: 2 Stories
Construction: Other (See Remarks)
Roofing: Other (See Remarks)
Floors: Other
Ceiling Height: 16.1 Feet to 28 Feet
Heating: Other; See Remarks
Cooling: Other; See Remarks
Loading Facilities: Other (See Remarks)
Interior: Other (See Remarks)
Exterior: Other (See Remarks)
Fencing: Other; See Remarks
Amenities: Other (See Remarks)
Parking: Other (See Remarks)
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water: Other; See Remarks
Sewer: Other (See Remarks)
Freeway/Highway: Other (See Remarks)
Railroad: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
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
Roads/Streets: Sidewalk(s)
Traffic Count: Other (See Remarks)
Reports/Disclosures: Other (See Remarks)
Use Restrictions: Other (See Remarks)
Environmental: Other (See Remarks)
Supplements
The information contained in this Offering Memorandum is highly confidential, furnished solely for the purpose of review by a prospective purchaser of the Property and is not to be used for any other purpose or made available to any other person without the express written consent of the owner of the Property ("Owner") and Cutler Commercial. No warranty or representation expressed or implied is made by Owner, Cutler Commercial or any of their respective affiliates as to the accuracy or completeness of the information contained herein or as to engineering or environmental matters.
SALE PACKAGE 
Listing Office: Cutler Commercial
Last Updated: August - 06 - 2021
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