1555 E ORANGEWOOD Avenue, Phoenix, AZ 85020

$1,810,000
Property Type: Comm/Industry Sale Square Footage: 8,462 Lot Size (sq. ft.): 28,350 Status: Closed
Current Price: $1,810,000 List Date: 9/24/2024 Last Modified: 11/13/2024

Overview

Description

Terrific Owner/User opportunity located in the Piestewa Peak Corridor. Just over 8,000 sqft., modern architectural design and interior finishes. Floor plan offers 4 large perimeter suites with central common area including reception, conference room, restrooms and break area. High ratio per 1000 sqft. of covered and uncovered parking spaces Property is currently 50% occupied w/ lease expiration Q2 2025.

Listing Details MLS# 6734873

Location, Tax & Legal

House Number
1555
Compass
E
Street Name
ORANGEWOOD
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85020
Zip4
5130
Country
US
County Code
Maricopa
Subdivision
16TH STREET AND ORANGEWOOD OFFICES
Assessor Number
160-25-208
Tax Year
2023
Assessor's Map #
25
Legal Description (Abbrev)
LOT 2 16TH STREET AND ORANGEWOOD OFFICES MCR 066346
Assessor's Parcel #
208
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
106300
Taxes
21508
Legal
LOT 2 16TH STREET AND ORANGEWOOD OFFICES MCR 066346
Marketing Name
1555 E Orangewood Ave

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Office
Ttl Apx SqFt Bldg
8462
# of Buildings
Yes
Year Built
2004
Uncvrd Parking Spcs
10
Zoning
C-O
Flood Zone
Yes

Remarks Misc

Cross Street
N 16th St and E Orangewood Ave
Directions
From State Route 51 located b/w Northern and Glendale Ave, turn on N 16th St, turn west on E Orangewood Ave, building is on the south side of the street.

Status Change Info

Off Market Date
2024-11-13
Under Contract Date
2024-09-29
Close of Escrow Date
2024-11-13

Legal Info

Township
2N
Range
3E
Section
4
Lot Number
2

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

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

Metal
Yes
Wood Frame
Yes

Roofing

Foam
Yes

Floors

Wood
Yes
Carpet
Yes

Income & Expenses

Owner Association
Yes
Annual Ownr Asoc Fee
25608.24
Operating Exp
47116.24
Other Income
0
Vacancy Allowance
0.5
Adjusted Gross Inc
0

Building Type

Commercial
Yes
Office
Yes

Business Type

Professional/Office
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Equity
1950000
Total Owed
0

Lockbox Type

None
Yes

Ceiling Height

8.1 Feet to 10 Feet
Yes
12.1 Feet to 14 Feet
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes
Office A/C
Yes

Interior Features

Finished
Yes
Fire Sprinklers
Yes
Smoke Detector(s)
Yes
Security Light(s)
Yes
Public Restrooms
Yes

Loading Facilities

None
Yes

Road Surface Type

Asphalt
Yes

Exterior

Corner Lot
Yes
Landscaping
Yes
Sidewalk(s)
Yes
Monument Sign
Yes

Source of Fincl Data

Unknown
Yes

Traffic Count

15,001 to 25,000
Yes

Fencing

Partial
Yes

Water Source

City Franchise
Yes

Freeway/Highway

1.1 - 2 Miles
Yes

Building Features

Conference Room
Yes
Reception Room
Yes

Sewer

Sewer - Public
Yes

Parking Features

Parking Lot
Yes
Private
Yes
Paved
Yes

Electric

APS
Yes

Gas

None
Yes

New Financing

Cash Only
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Property Features

Building Type: Commercial; Office Business Type: Professional/Office Stories: 1 Story Construction: Metal; Wood Frame Roofing: Foam Floors: Wood; Carpet Ceiling Height: 8.1 Feet to 10 Feet; 12.1 Feet to 14 Feet Cooling: Central Air; Office A/C Loading Facilities: None Interior Features: Finished; Fire Sprinklers; Smoke Detector(s); Security Light(s); Public Restrooms Exterior: Corner Lot; Landscaping; Sidewalk(s); Monument Sign Fencing: Partial Building Features: Conference Room; Reception Room Parking Features: Parking Lot; Private; Paved Electric: APS Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Source of Fincl Data: Unknown Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Road Surface Type: Asphalt Traffic Count: 15,001 to 25,000 Environmental: None
IDX
Listing Office: RETSY
Last Updated: November - 13 - 2024
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