$1,450,000
Glendale, AZ 85302
MLS# 6191962
Status: Closed
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Property Description
Suburban office complex of 20 units various sizes plus executive offices. Open bright & airy access to each suite, all have glass line for natural light, gated secured breezeway access for 2 of 3 wings, north wing has access for north parking lot. Ingress and egress from 51st Avenue or Barbara. onsite park setting for open air meeting or breaks. on a bus line, close proximity to support services, groceries, food shopping...
Details
Maps
Contract Info
Current Price: $1,450,000
Sold Price: $1,450,000
Status: Closed
List Date: 2021-02-09
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: M32
House Number: 8751
Compass: N
Street Name: 51ST
St Suffix: Avenue
St Dir Sfx: N
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85302
Zip4: 4942
Country: USA
County Code: Maricopa
Legal Description (Abbrev): PT NW4 BEG SW COR NW4 TH N 965.65F TO TPOB TH CON T N 465F E 425F S 465F W 425F TO TPOB EX ANY PT L
Subdivision: metes & Bounds
Assessor's Map #: 9
Assessor's Parcel #: 8
Assessor Parcel Ltr: B
Add'l Parcels: Yes
Assessor Number: 148-09-008-B
Census Tract: 92309
Legal: PT NW4 BEG SW COR NW4 TH N 965.65F TO TPOB TH CON T N 465F E 425F S 465F W 425F TO TPOB EX ANY PT L
Tax Municipality: Glendale
Taxes: 34835
Tax Year: 2020
Marketing Name: PLaza 51
General Property Description
Type of Property: Suburban Garden Office
Ttl Apx SqFt Bldg: 22623
Ttl Apx Net Rnt Spc: 22045
# of Buildings: 2
Lot Size Dimensions: Irr
Year Built: 1987
Volts/Amps: 200/110
Uncvrd Parking Spcs: 70
Zoning: C-o
Remarks & Misc
Cross Street: 51st Avenue & Olive
Directions: Southeast corner of 51sat Avenue and Barbara
Geo Lat: 33.563319
Geo Lon: -112.168207
Status Change Info
Status Change Date: 2021-08-01
Off Market Date: 2021-06-09
Under Contract Date: 2021-06-02
Close of Escrow Date: 2021-07-31
Sold Price: $1,450,000
Legal Info
Township: 3N
Range: 2E
Section: 33
Lot Number: B
Bay Info
# of Bays: 20
Bay Door Height: 83
Income & Expenses
Annual Elec Exp: 24995
Annual Ins Exp: 7030
Annual Landscape Exp: 10550
Annual Legal & Acctg: 60
Annual Maint Exp: 12592
Annual Mgmt Exp: 9069
Annual Trash Exp: 3000
Annual Wtr/Swr Exp: 5532
Owner Association: No
Annual Other Expense: 16031
Gross Annual Sch Inc: 235020
Other Income: 13422
Vacancy Allowance: 0.15
Adjusted Gross Inc: 211175.7
Net Operating Income: 125338
Pmt & Rate Info
Cap Rate: 7.9
1st Payment Freq: None
2nd Payment Freq: None
3rd Payment Freq: None
Equity: 1587500
Avg Rent P/SqFt: 10.66
Contact Info
List Agent Home Phn: 602-541-8191
Sold Info
Loan Type: Conventional
Loan Years: 25
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office
Current Use: Service Business; Office
Stories: 1 Story
Construction: Block; Stucco
Roofing: Foam
Floors: Vinyl; Ceramic Tile; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump; Office Heated; 2 or More Units
Cooling: Central A/C
Loading Facilities: Grade Level
Interior: Finished; Security Light(s); Security Camera(s); Private Restrooms
Exterior: Corner Lot; Dual Street Ftg; Sprinkler Sys-Ground; Landscaping; Building Sign; Security Camera(s)
Fencing: Block; Partial
Amenities: Physcl Chlgd (SRmks); Kitchen; Security Gate
Parking: Free; Private Parking; Paved Parking
Electric: SRP; Over 220 Amp; 3 Phase Power
Gas: None
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 1.1 - 2 Miles
Showing Notification Methods: Phone Call
Lockbox Type: None
Special: Owner/Agent
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
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
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s)
Traffic Count: 35,001 to 50,000
Reports/Disclosures: None
Environmental: None
Listing Office: Wolf Realty, Inc.
Last Updated: August - 01 - 2021
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