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261 E UNIVERSITY Drive, Phoenix, AZ 85004

$5,287,500
Property Type: Comm/Industry Sale Square Footage: 45,907 Lot Size (sq. ft.): 151,094 Status: Closed
Current Price: $5,287,500 List Date: 8/20/2024 Last Modified: 9/18/2024

Description

BACK ON THE MARKET 2/26/24 - Great location just south of downtown Phoenix ** Former manufacturing facility with lots of power (2,000 amp PLUS 1,200 amp) ** Eight dock high doors and three grade level roll-ups (two 12 ft and one 14 ft) ** Small office/kitchenette ** Storage shed plus two covered sheds **

More Information MLS# 6636923

Contract Info

Current Price: $5,287,500 Sold Price: $5,287,500 Status: Closed List Date: 2023-12-04 Ownership: Fee Simple

Location Tax Legal

House Number: 261 Compass: E Street Name: UNIVERSITY St Suffix: Drive City/Town Code: Phoenix State/Province: AZ Zip Code: 85004 Zip4: 2921 Country: USA County Code: Maricopa Subdivision: TRENDWOOD INCORPORATED Assessor Number: 112-42-217 Tax Year: 2023

General Property Description

Type of Property: Commercial Warehouse Ttl Apx SqFt Bldg: 45907 # of Buildings: 4 Lot Size Dimensions: irregular Year Built: 1979 Zoning: L-1, A-1 Flood Zone: No

Remarks Misc

Cross Street: 7th Street and University Directions: From 7th Street and University, west to property Geo Lat: 33.423341 Geo Lon: -112.070031

Status Change Info

Status Change Date: 2024-09-18 Off Market Date: 2024-08-20 Under Contract Date: 2024-06-17 Close of Escrow Date: 2024-09-17 Sold Price: $5,287,500

Legal Info

Township: 1N Range: 3E Section: 17 Lot Number: 1

Bay Info

# of Bays: 8

Showing Notification Methods

Showing Service: No Showing Service Used

Sold Info

Loan Type: Other Loan Years: 25 Payment Type: Fixed Clsing Cost Split: Seller Assist - A Buyer Concession $/%: $ Seller Concession to Buyer: 1 Seller Concession $/%: %

Property Features

Building Type: Commercial; Manufacturing; Distribution/Warehse Current Use: Other Stories: 1 Story Construction: Metal Roofing: Rolled Floors: Concrete Ceiling Height: 10.1 Feet to 12 Feet; 14.1 Feet to 16 Feet Heating: Other Cooling: Window/Wall Unit; Office Evap Loading Facilities: Dock High; Grade Level Interior: Other (See Remarks) Fencing: Chain Link Amenities: Other (See Remarks) Parking: Private Parking Electric: APS Gas: None Water: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan Showing Notification Methods: Text; Phone Call Lockbox Type: None Source of Fincl Data: Other (See Remarks) Existing 1st Loan: Treat as Free&Clear Existing 2nd Loan: Treat as Free&Clear Existing 3rd Loan: Treat as Free&Clear Environmental: None
Listing Office: Realty Executives
Last Updated: September - 18 - 2024
261 E UNIVERSITY Drive, Phoenix, AZ 85004- MLS# 6636923
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