$4,150,000
Phoenix, AZ 85004
MLS# 5811145
Status: Closed
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Property Description
Premier 40,000 square foot building 100% occupied/rented with over 50% medical tenants. Strong tenant base The building with 31 stable paying tenants that occupy the building. Two separate outer staircases and one elevator that go from the basement garage to the third floor. The convenient location allows easy access to 7 majors hospitals within a 4 mile, less than 2 miles from both the I-10 and 51 freeway and ¼ of a mile from the light rail. The vibrant atmosphere in the area created by the re-gentrification has created fine dining establishments, hip bars, café's and newly built multi-family dwellings catering to a fun work-play environment.
Details
Maps
Documents
Contract Info
Current Price: $4,150,000
Sold Price: $4,150,000
Status: Closed
List Date: 2018-08-24
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: P34
House Number: 2601
Compass: N
Street Name: 3RD
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85004
Zip4: 1142
County Code: Maricopa
Subdivision: NORTH BALTIMORE HTS
Assessor Number: 118-45-016
Tax Year: 2017
General Property Description
Ttl Apx SqFt Bldg: 44309
# of Buildings: 1
Year Built: 1987
Uncvrd Parking Spcs: 42
Zoning: R-5 COM
Remarks Misc
Cross Street: VIRGINIA & 3RD STREET
Directions: 3RD STREET AND VIRGINIA, SOUTH OF THOMAS RD.
Geo Lat: 33.47686
Geo Lon: -112.069099
Status Change Info
Off Market Date: 2018-12-15
Under Contract Date: 2018-09-25
Close of Escrow Date: 2018-12-14
Sold Price: $4,150,000
Legal Info
Township: 2N
Range: 3E
Section: 32
Lot Number: 4
Income Expenses
Gross Annual Sch Inc: 559657
Net Operating Income: 302453
Sold Info
Loan Type: Conventional
Loan Years: 20
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 100000
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office
Business Type: Dental; Service Business; Medical; Professional/Office
Stories: 3 - 4 Stories
Construction: Stucco; Metal
Roofing: Built-Up; Foam
Floors: Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump; 2 or More Units; Other; See Remarks
Cooling: Central Air; Office A/C; Chiller System
Loading Facilities: None
Interior Features: Finished
Exterior: Corner Lot; Landscaping; Building Sign; Monument Sign
Fencing: Block
Building Features: Public Elevator(s)
Parking Features: Fenced; Free
Electric: APS
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public; Sewer - Private
New Financing: Cash Only; 1031 Exchange
Source of Fincl Data: Owner
Existing 1st Loan: Other (See Rmks)
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Road Surface Type: Asphalt
Traffic Count: Over 200,000
Environmental: None
OFFERING MEMORANDUM 
Listing Office: Grand Canyon Realty
Last Updated: January - 14 - 2025
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