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18409 N CAVE CREEK Road, Phoenix, AZ 85032

$4,850,000
Property Type: Comm/Industry Sale Square Footage: 19,818 Lot Size (sq. ft.): 94,090 Status: Closed
Current Price: $4,850,000 List Date: 1/25/2022 Last Modified: 9/07/2022

Description

Investors Opportunity. Here's a great investment opportunity for you or your investors. This rare 6.5% Cap Rate is in a desirable and great exposure area and a very busy center that's very convenient to the 101 Frwy. Residential area consists of 19,637 residents with in 1 Mile, 138,719 with in 3 miles and 496,314 with in 15 min drive. Great tenants with upside potential. Owner to guarantee rent paid for each month in default for the first year IF tenants defaults.

More Information MLS# 6346436

Contract Info

Current Price: $4,850,000 Sold Price: $4,850,000 Status: Closed List Date: 2022-01-25 Ownership: Fee Simple

Location Tax Legal

Map Code/Grid: K35 House Number: 18409 Compass: N Street Name: CAVE CREEK St Suffix: Road City/Town Code: Phoenix State/Province: AZ Zip Code: 85032 Zip4: 1018 Country: USA County Code: Maricopa Subdivision: PEPPER RIDGE PLAZA 2 Assessor Number: 214-06-678-B Tax Year: 2021

General Property Description

Ttl Apx SqFt Bldg: 19818 # of Buildings: 2 Year Built: 1998 Uncvrd Parking Spcs: 300 Zoning: C-2

Remarks Misc

Cross Street: Cave Creek Rd and Union Hills Directions: Cave Creek Rd and 101 Frwy. South on Cave Creek from 101 Frwy to Union Hills. Property on Southeast corner of Cave Creek and Union Hills. Albertson's Shopping Anchored.. Geo Lat: 33.653099 Geo Lon: -112.03035

Status Change Info

Status Change Date: 2022-09-07 Off Market Date: 2022-09-07 Under Contract Date: 2022-08-08 Close of Escrow Date: 2022-09-07 Sold Price: $4,850,000

Legal Info

Township: 4N Range: 3E Section: 35 Lot Number: 1

Sold Info

Loan Type: Other Payment Type: Other Clsing Cost Split: Normal - N Buyer Concession $/%: $ Seller Concession $/%: $

Property Features

Building Type: Commercial Current Use: Retail Stories: 1 Story Construction: Block Roofing: Foam; Other (See Remarks) Floors: Concrete; Ceramic Tile; Other Ceiling Height: 8.1 Feet to 10 Feet Heating: Other Cooling: Central A/C Loading Facilities: Other (See Remarks) Interior: Finished; Security System; Security Light(s); Security Camera(s); Alarm System; Private Restrooms Exterior: Corner Lot; Building Sign; Monument Sign; Security Light(s); Security Camera(s) Fencing: Block Parking: Free; Paved Parking Electric: APS Gas: SW Gas Water: City Franchise Sewer: Sewer - Public New Financing: Other (See Remarks) Lockbox Type: None Special: Accepting Back-Ups Source of Fincl Data: Provided by Owner Traffic Count: 25,001 to 35,000; 35,001 to 50,000; 50,001 to 75,000 Environmental: Other (See Remarks)
Listing Office: RE/MAX Fine Properties
Last Updated: September - 07 - 2022
18409 N CAVE CREEK Road, Phoenix, AZ 85032- MLS# 6346436
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