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Home > 3550 N Central Avenue, Phoenix, AZ 85012 (MLS# 6282464)

3550 N Central Avenue, Phoenix, AZ 85012

$5,100,000
Property Type: Comm/Industry Sale Square Footage: 284,709 Lot Size (sq. ft.): 192,305 Status: Closed
Current Price: $5,100,000 List Date: 10/04/2021 Last Modified: 1/11/2022

Description

Rare opportunity to acquire a ground lease in the heart of mid-town Phoenix. With 140 years remaining, here is your chance to acquire a passive income investment. Improvements not included in the sale comprise a 20-story office building with 284,709 rentable square feet and a three-level parking structure. 3550 N Central Avenue is located 2 miles North of Downtown Phoenix in the vibrant mid-town neighborhood. And located just a block north of the redeveloping Park Central mixed-use project, this opportunity is hard to pass on.

More Information MLS# 6282464

Contract Info

Current Price: $5,100,000 Sold Price: $5,100,000 Status: Closed List Date: 2021-08-20 Ownership: Leasehold

Location Tax Legal

Map Code/Grid: P34 House Number: 3550 Compass: N Street Name: Central St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85012 Country: USA County Code: Maricopa Subdivision: LANE SUB Assessor Number: 118-32-028-A Tax Year: 2020

General Property Description

Ttl Apx SqFt Bldg: 284709 # of Buildings: 1 Year Built: 1958 Zoning: PUD

Remarks Misc

Cross Street: N Central Ave. & W Osborn Rd. Geo Lat: 33.489455 Geo Lon: -112.074587

Status Change Info

Status Change Date: 2022-01-07 Off Market Date: 2021-12-10 Under Contract Date: 2021-10-07 Close of Escrow Date: 2022-01-06 Sold Price: $5,100,000

Legal Info

Township: 2N Range: 3E Section: 29 Lot Number: 10

Sold Info

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

Property Features

Building Type: Commercial; Office Current Use: Other Stories: 11+ Stories Construction: Other (See Remarks) Roofing: Other (See Remarks) Floors: Other Ceiling Height: 8.1 Feet to 10 Feet Heating: Other Cooling: Central A/C; Other Loading Facilities: Other (See Remarks) Interior: Other (See Remarks) Exterior: Building Sign Fencing: Other Parking: Other (See Remarks) Electric: Other (See Remarks) Gas: Other (See Remarks) Water: City Franchise Sewer: Sewer - Public New Financing: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Special: Court Approval Req Source of Fincl Data: Other (See Remarks) Environmental: None
Listing Office: R.O.I. Properties
Last Updated: January - 11 - 2022
3550 N Central Avenue, Phoenix, AZ 85012- MLS# 6282464
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