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Home > 2601 N 3RD Street, Phoenix, AZ 85004 (MLS# 5811145)

2601 N 3RD Street, Phoenix, AZ 85004

$4,150,000
Property Type: Comm/Industry Sale Square Footage: 44,309 Lot Size (sq. ft.): 16,335 Status: Closed
Current Price: $4,150,000 List Date: 11/23/2018 Last Modified: 1/14/2025

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.

More Information MLS# 5811145

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 Country: USA 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

Status Change Date: 2018-12-15 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 Current Use: Service Business; Medical/Dental; 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 A/C; Office A/C; Chiller System Loading Facilities: None Interior: Finished Exterior: Corner Lot; Landscaping; Building Sign; Monument Sign Fencing: Block Amenities: Public Elevator(s) Parking: Fenced; Free Electric: APS Gas: SW Gas Water: City Franchise Sewer: Sewer - Public; Sewer - Private New Financing: Cash Only; 1031 Exchange Source of Fincl Data: Provided by Owner 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 Traffic Count: Over 200,000 Environmental: None

Documents

Listing Office: Grand Canyon Realty
Last Updated: January - 14 - 2025
2601 N 3RD Street, Phoenix, AZ 85004- MLS# 5811145
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