16835 N PARK Place 1, Glendale, AZ 85306
$1,200,000
Property Type:
Comm/Industry Sale
Square Footage:
10,391
Lot Size (sq. ft.):
42,035
Status:
Closed
Current Price:
$1,200,000
List Date:
10/08/2020
Last Modified:
12/30/2021
Description
Suite 4 willbe available for lease DE-01-21
See attached package, call lister for details.
More Information MLS# 6143865
Contract Info
Ownership: Fee Simple
Current Price: $1,200,000
Sold Price: $1,200,000
Status: Closed
List Date: 2020-10-07
Location, Tax & Legal
Unit #: 1
Assessor's Map #: 26
Legal Description (Abbrev): PARK PLACE NORTH 1 MCR 175/35 PT TR G COM SWLY COR TR G N 95F TPOB N 01D 30M W 159.70F N 88D 30M E
Assessor's Parcel #: 254
Assessor Parcel Ltr: D
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104225
Taxes: 19912
Tax District: Phoeni
Legal: PARK PLACE NORTH 1 MCR 175/35 PT TR G COM SWLY COR TR G N 95F TPOB N 01D 30M W 159.70F N 88D 30M E
Marketing Name: Park Place Plaza
Map Code/Grid: L32
House Number: 16835
Compass: N
Street Name: PARK
St Suffix: Place
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85306
Zip4: 1525
County Code: Maricopa
Subdivision: PARK PLACE NORTH UNIT 1
Assessor Number: 207-26-254-D
Tax Year: 2021
General Property Description
Type of Property: Retail Strip Center
Ttl Apx SqFt Bldg: 10391
Ttl Apx Net Rnt Spc: 19415
# of Buildings: 1
Uncvrd Parking Spcs: 56
Lot Size Dimensions: Irr
Volts/Amps: 400 3 phase
Year Built: 1983
Zoning: PSC
Legal Info
Range: 2E
Section: 4
Township: 3N
Lot Number: D
Construction
Block: 1
Stucco: 1
Roofing
Foam: 1
Floors
Concrete: 1
Vinyl: 1
Carpet: 1
Bay Info
# of Bays: 4
Bay Size: 1512
Income & Expenses
Annual Elec Exp: 1450
Annual Gas Exp: 0
Annual Ins Exp: 5201
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 500
Annual Maint Exp: 2150
Annual Mgmt Exp: 0
Annual Trash Exp: 4000
Annual Wtr/Swr Exp: 1050
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 34263
Other Income: 0
Vacancy Allowance: 1
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Office: 1
Other (See Remarks): 1
Business Type
Mixed: 1
Service Business: 1
Professional/Office: 1
Retail: 1
Other: 1
Stories
2 Stories: 1
Pmt & Rate Info
Cap Rate: 8.37
Down Payment: 450000
Equity: 962000
1st Encumbrance: 273000
1st Interest Rate: 6
1st Years Remaining: 8
1st Payment: 1400
1st Payment Freq: Monthly
2nd Encumbrance: 0
2nd Payment: 0
2nd Payment Freq: None
3rd Encumbrance: 0
3rd Payment: 0
3rd Payment Freq: None
Total Owed: 273000
Avg Rent P/SqFt: 11.5
Assessment Balance: 0
Showing Notification Methods
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
10.1 Feet to 12 Feet: 1
16.1 Feet to 28 Feet: 1
Heating
Heat Pump: 1
Electric: 1
2 or More Units: 1
Cooling
Office A/C: 1
Warehouse Evap: 1
Interior Features
Finished: 1
Alarm System: 1
Private Restrooms: 1
Loading Facilities
Grade Level: 1
Drive-in Door(s): 1
Road Surface Type
Asphalt: 1
Exterior
Storage Yard: 1
Curb(s) & Gutter(s): 1
Building Sign: 1
Sidewalk(s): 1
Source of Fincl Data
Books Shown: 1
Traffic Count
5,001 to 15,000: 1
Fencing
None: 1
Water Source
City Franchise: 1
Freeway/Highway
1.1 - 2 Miles: 1
Building Features
Accessible Entrance: 1
Display Window(s): 1
Sewer
Sewer - Public: 1
Parking Features
Private: 1
Paved: 1
Electric
APS: 1
Individual Meter: 1
440 Volts: 1
3 Phase Power: 1
Gas
None: 1
New Financing
Owner May Carry: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Use Restrictions
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
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 to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Bell & 43rd Avenue
Directions: One block west of 43rd Avenue on Bell Road, immediately behind Discount Tire.
Geo Lat: 33.638589
Geo Lon: -112.154969
Status Change Info
Off Market Date: 2021-12-30
Under Contract Date: 2021-11-08
Close of Escrow Date: 2021-12-29
Sold Price: $1,200,000
Income Expenses
Gross Annual Sch Inc: 137688
Net Operating Income: 103425
Property Features
Building Type: Commercial; Office; Other (See Remarks)
Business Type: Mixed; Service Business; Professional/Office; Retail; Other
Stories: 2 Stories
Construction: Block; Stucco
Roofing: Foam
Floors: Concrete; Vinyl; Carpet
Ceiling Height: 8.1 Feet to 10 Feet; 10.1 Feet to 12 Feet; 16.1 Feet to 28 Feet
Heating: Heat Pump; 2 or More Units
Cooling: Office A/C; Warehouse Evap
Loading Facilities: Grade Level; Drive-in Door(s)
Interior Features: Finished; Alarm System; Private Restrooms
Exterior: Storage Yard; Curb(s) & Gutter(s); Building Sign; Sidewalk(s)
Fencing: None
Building Features: Accessible Entrance; Display Window(s)
Parking Features: Private; Paved
Electric: APS; Individual Meter; 440 Volts; 3 Phase Power
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Owner May Carry
Showing Notification Methods: Phone Call
Lockbox Type: None
Special: Owner/Agent
Source of Fincl Data: Books Shown
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
Existing Othr Ln Trm: Not Applicable
Road Surface Type: Asphalt
Traffic Count: 5,001 to 15,000
Use Restrictions: Other (See Remarks)
Environmental: None
Documents
Flyer / floor plans ›
Listing Office:
Wolf Realty, Inc.
Last Updated: December - 30 - 2021
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