15433 N TATUM Boulevard, Phoenix, AZ 85032

$2,375,000
Property Type: Comm/Industry Sale Square Footage: 14,023 Lot Size (sq. ft.): 37,462 Status: Closed
Current Price: $2,375,000 List Date: 8/24/2023 Last Modified: 8/29/2023

Overview

Description

The property for sale is a leased two-story, multi-tenant office building located in North Phoenix near Greenway Rd & Tatum Blvd. This property is well located near North Scottsdale and benefits from easy access to the SR-51 and Loop 101. The building is currently configured into nine suites, all occupied, with the exception of one previously owner-occupied. The largest suite is 3,200 RBA and is built out as a medical/dentist with a current lease expiration of June 2032. The eight other suites are ±700-1,250 square feet and have varying short-term leases, four of which are month to month, and one of which is currently vacant. The seller reports the building has always been easy to fill, which creates an excellent value add opportunity.

Listing Details MLS# 6551808

Location, Tax & Legal

Map Code/Grid
L36
House Number
15433
Compass
N
Street Name
TATUM
St Suffix
Boulevard
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85032
Zip4
4230
Country
US
County Code
Maricopa
Assessor Number
215-33-391
Tax Year
2022
Assessor's Map #
33
Legal Description (Abbrev)
PT S2 SW4 SW4 SEC DAF COM SW COR SEC TH N 315.13F TO POB TH E 273F N 197F TO A PT 150F SLY OF N LN S
Assessor's Parcel #
391
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
103216
Taxes
23481
Legal
PT S2 SW4 SW4 SEC DAF COM SW COR SEC TH N 315.13F TO POB TH E 273F N 197F TO A PT 150F SLY OF N LN S

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
14023
# of Buildings
Yes
Year Built
1999
Uncvrd Parking Spcs
27
Zoning
C-O

Remarks Misc

Cross Street
E Greenway Rd & N Tatum Blvd
Directions
Head North on N Tatum Blvd, the property will be on your right.

Status Change Info

Off Market Date
2023-08-24
Under Contract Date
2023-05-31
Close of Escrow Date
2023-08-28

Legal Info

Township
3N
Range
4E
Section
5
Lot Number
-

More Information

Income Expenses

Net Operating Income
152770

Sold Info

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

Construction

Other
Yes

Roofing

Other
Yes

Floors

Other
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Commercial
Yes
Office
Yes

Business Type

Professional/Office
Yes

Stories

2 Stories
Yes

Pmt & Rate Info

Cap Rate
6.37
Equity
2400000
Total Owed
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Ceiling Height

10.1 Feet to 12 Feet
Yes

Heating

Other
Yes
See Remarks
Yes

Cooling

Other
Yes
See Remarks
Yes

Interior Features

Other (See Remarks)
Yes

Loading Facilities

Other (See Remarks)
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Fencing

Other
Yes
See Remarks
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Other
Yes

Electric

Other (See Remarks)
Yes

Gas

Other (See Remarks)
Yes

New Financing

Other (See Remarks)
Yes

Use Restrictions

Other (See Remarks)
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Environmental

Other (See Remarks)
Yes

Property Features

Building Type: Commercial; Office Business Type: Professional/Office Stories: 2 Stories Construction: Other Roofing: Other Floors: Other Ceiling Height: 10.1 Feet to 12 Feet Heating: Other; See Remarks Cooling: Other; See Remarks Loading Facilities: Other (See Remarks) Interior Features: Other (See Remarks) Fencing: Other; See Remarks Parking Features: Other Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public New Financing: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Source of Fincl Data: Other (See Remarks) Use Restrictions: Other (See Remarks) Environmental: Other (See Remarks)
IDX
Listing Office: R.O.I. Properties
Last Updated: August - 29 - 2023
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