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Home > 14040 N CAVE CREEK Road, Phoenix, AZ 85022 (MLS# 5861701)

14040 N CAVE CREEK Road, Phoenix, AZ 85022

$4,500,000
Property Type: Comm/Industry Sale Square Footage: 47,397 Lot Size (sq. ft.): 114,519 Status: Closed
Current Price: $4,500,000 List Date: 3/06/2020 Last Modified: 8/06/2021

Description

C2 Fantastic Opportunity to own a 47,000sf+ property on nearly 3 acres! Only $116/sf and 92% occupied (occupancy increasing)! Occupied spaces have been nicely updated/remodeled! Suites features area with 18 executive offices as well as 19 salon suites area - higher return/sf $15.39 now! Property has undergone vast improvements and continues to do so; improvements already completed are roof, parking, LED lighting, programmable thermostats, new kitchens and more! Exterior paint in progress, new cooling tower (all stainless steel) has been ordered and installed this winter. Property is 3 stories and features gorgeous mountain views! Center atrium features large fountain/pond with a variety of koi fish. Conveniently located near 51 and 101 freeways! 10 Min to PV, Scottsdale, Desert Ridg

More Information MLS# 5861701

Contract Info

Current Price: $4,500,000 Sold Price: $4,500,000 Status: Closed List Date: 2019-01-01 Ownership: Fee Simple

Location Tax Legal

Map Code/Grid: L35 House Number: 14040 Compass: N Street Name: CAVE CREEK St Suffix: Road City/Town Code: Phoenix State/Province: AZ Zip Code: 85022 Country: USA County Code: Maricopa Assessor Number: 214-51-004-E Tax Year: 2019

General Property Description

Ttl Apx SqFt Bldg: 47397 # of Buildings: 1 Year Built: 1986 Uncvrd Parking Spcs: 129 Zoning: C2

Remarks Misc

Cross Street: Cave Creek Road and Cactus Directions: North of Cactus and Cave Creek Road, on West Side of Road Geo Lat: 33.615049 Geo Lon: -112.034888

Status Change Info

Status Change Date: 2020-03-16 Off Market Date: 2020-03-06 Under Contract Date: 2019-11-27 Close of Escrow Date: 2020-03-15 Sold Price: $4,500,000

Legal Info

Township: 3N Range: 3E Section: 10

Income Expenses

Net Operating Income: 471000

Contact Info

List Agent Home Phn: 480-255-7327

Sold Info

Loan Type: Conventional Loan Years: 30 Payment Type: Fixed Clsing Cost Split: Normal - N Buyer Concession $/%: $ Seller Concession $/%: $

Property Features

Building Type: Commercial; Office; Other (See Remarks) Current Use: Mixed Use; Medical/Dental; Office; Other; See Remarks Stories: 3 - 4 Stories Construction: Block; Metal; Other (See Remarks) Roofing: Foam; Rolled Floors: Vinyl; Wood; Ceramic Tile; Carpet; Other Ceiling Height: 8 Feet or Less; 8.1 Feet to 10 Feet Heating: Heat Pump; Other; See Remarks Cooling: Office A/C; Chiller System; Other; See Remarks Loading Facilities: None Interior: Finished; Finished to Suit; Phone System; Private Restrooms; Public Restrooms Fencing: None Parking: Free; Public Parking; Paved Parking Electric: APS Gas: SW Gas Water: City Franchise Sewer: Sewer - Public New Financing: Cash Only; 1031 Exchange; Trade; Lease Option/Purchse; Lease Lockbox Type: None Special: Owner/Agent Source of Fincl Data: Projected Proforma Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Type: Fixed 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 Existing Othr Ln Trm: Not Applicable Traffic Count: 15,001 to 25,000 Environmental: None
Listing Office: Prestige Realty
Last Updated: August - 06 - 2021
14040 N CAVE CREEK Road, Phoenix, AZ 85022- MLS# 5861701
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