13201 N 35th Avenue, Phoenix, AZ 85029

$2,100,000
Property Type: Comm/Industry Sale Square Footage: 32,428 Lot Size (sq. ft.): 88,427 Status: Closed
Current Price: $2,100,000 List Date: 8/19/2021 Last Modified: 10/16/2021

Overview

Description

100% leased. Three separate office buildings. 10341,13201,13231 N. 35th Ave. Buildings have just been painted. Five new A/C units. The parking lot, at the end of August, is scheduled for repair and in September the asphalt and striping. The rents are below market, and when released they are being increased to market rate.

Listing Details MLS# 6281632

Location, Tax & Legal

Map Code/Grid
L33
House Number
13201
Compass
N
Street Name
35th
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85029
Country
US
County Code
Maricopa
Assessor Number
149-24-001-P
Tax Year
2021
Assessor's Map #
24
Assessor's Parcel #
1
Assessor Parcel Ltr
P
Add'l Parcels
No
Tax Municipality
Phoenix
Taxes
41820
Legal
E 110' OF W 165' OF SW4 NW4 EX S 348.5' & EX TH PT LY W/IN SURREY HEIGHTS 4 2.03 AC

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
32428
# of Buildings
3
Year Built
1982
Uncvrd Parking Spcs
100
Zoning
C-O

Remarks Misc

Cross Street
Thunderbird and 35th Ave
Directions
South on 35th Ave from Thunderbird. The property is on the East side.

Status Change Info

Off Market Date
2021-10-10
Under Contract Date
2021-08-31
Close of Escrow Date
2021-10-15

Legal Info

Lot Number
-/-/-

More Information

Income Expenses

Gross Annual Sch Inc
348144
Net Operating Income
232724

Contact Info

List Agent Home Phn
480-518-3882

Sold Info

Loan Type
Cash
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession $/%
%
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Construction

Stucco
Yes

Roofing

Other
Yes

Floors

Other
Yes

Income & Expenses

Annual Elec Exp
28800
Annual Gas Exp
0
Annual Ins Exp
10000
Annual Land Lse Exp
0
Annual Landscape Exp
6000
Annual Legal & Acctg
0
Annual Maint Exp
21600
Annual Mgmt Exp
0
Annual Trash Exp
2400
Annual Wtr/Swr Exp
3000
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
1800
Operating Exp
115420
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
348144

Building Type

Commercial
Yes
Office
Yes

Business Type

Professional/Office
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Cap Rate
7.89
Equity
2950000
Total Owed
0

Showing Notification Methods

Text
Yes

Lockbox Type

None
Yes

Ceiling Height

10.1 Feet to 12 Feet
Yes

Heating

Other
Yes

Cooling

Central Air
Yes

Interior Features

Finished
Yes
Public Restrooms
Yes

Loading Facilities

None
Yes

Exterior

Building Sign
Yes
Security Light(s)
Yes
Security Camera(s)
Yes

Source of Fincl Data

Owner
Yes
Other (See Remarks)
Yes

Fencing

See Remarks
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Paved
Yes

Electric

APS
Yes

Gas

None
Yes

New Financing

Other (See Remarks)
Yes

Reports/Disclosures

Appraisal
Yes

Environmental

None
Yes

Property Features

Building Type: Commercial; Office Business Type: Professional/Office Stories: 1 Story Construction: Stucco Roofing: Other Floors: Other Ceiling Height: 10.1 Feet to 12 Feet Heating: Other Cooling: Central Air Loading Facilities: None Interior Features: Finished; Public Restrooms Exterior: Building Sign; Security Light(s); Security Camera(s) Fencing: See Remarks Parking Features: Paved Electric: APS Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Other (See Remarks) Showing Notification Methods: Text Lockbox Type: None Source of Fincl Data: Owner; Other (See Remarks) Environmental: None
IDX
Listing Office: SLW Realty Group, LLC
Last Updated: October - 16 - 2021
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