3846 E ILLINI Street E, Phoenix, AZ 85040 (MLS# 6525618)

3846 E ILLINI Street E, Phoenix, AZ 85040

$2,800,000

Property Type: Comm/Industry Sale Square Footage: 13,200 Lot Size (sq. ft.): 18,159 Status: Closed

Current Price: $2,800,000 List Date: 2/28/2023 Last Modified: 9/06/2023

Overview

Description

Investment-Owner Multi Use freestanding Industrial Cold Storage Building located Southeast of the Sky Harbor Airport. The property consists of a 13,200 SF (Per County Assessor Records) fully airconditioned, building on ±0.42 Acres (±18,159 SF) Including approximate 3,500 SF of office and loft space, approximately 1500 SF walk-in cooler with ability to stack two pallets high. Centrally located with East /West freeway access. 19 feet clear span, new roof and HVAC system in 2018, two truck wells 12X16, three 16-foot industrial roll up doors, recently upgraded 600 amp service, powered metal security shutters ground level office. ADOT currently working on new collector-distribution road system placing this property right on the Interstate.

Listing Details MLS# 6525618

Location, Tax & Legal

Map Code/Grid: R35
House Number: 3846
Compass: E
Street Name: ILLINI
St Suffix: Street
St Dir Sfx: E
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 1927
Country: US
County Code: Maricopa
Subdivision: WESLEY PLACE
Assessor Number: 122-08-043-A
Tax Year: 2022
Assessor's Map #: 8
Legal Description (Abbrev): LOT 11 BLOCK 4 WESLEY PLACE MCR 003527
Assessor's Parcel #: 43
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 115200
Taxes: 16480
Legal: LOT 11 BLOCK 4 WESLEY PLACE MCR 003527
Marketing Name: Illini Street

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Industrial
Ttl Apx SqFt Bldg: 13200
# of Buildings: Yes
Lot Size Dimensions: 18,159
Year Built: 1990
Volts/Amps: 600
Uncvrd Parking Spcs: 6
Zoning: A-1
Flood Zone: TBD

Remarks Misc

Cross Street: Illini Street & 39th Street
Directions: Either direction on I-10 turn North on 40th St off ramp to first light Raymond. Then West and Follow around (South) to Illini St property at the NWC 39th & Illini St

Status Change Info

Off Market Date: 2023-06-06
Under Contract Date: 2023-06-06
Close of Escrow Date: 2023-09-06

Legal Info

Township: 1N
Range: 3E
Section: 24
Lot Number: 11

More Information

Bay Info

# of Bays: 3
# of Bay Doors: 3
Bay Door Height: 16
Bay Door Width: 12

Sold Info

Loan Type: SBA
Loan Years: 7
Payment Type: Graduated
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Block: Yes

Roofing

Metal: Yes

Floors

Concrete: Yes
Sealed: Yes
Ceramic Tile: Yes
Carpet: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 16480
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes
Industrial: Yes
Distribution/Warehouse: Yes

Business Type

Mixed: Yes
Warehouse: Yes
Wholesale: Yes

Stories

2 Stories: Yes

Pmt & Rate Info

Equity: 2900000
Total Owed: 0

Showing Notification Methods

Text: Yes
Email: Yes
Phone Call: Yes

Lockbox Type

None: Yes

Ceiling Height

8.1 Feet to 10 Feet: Yes
16.1 Feet to 28 Feet: Yes

Heating

Heat Pump: Yes
Office Heated: Yes
2 or More Units: Yes

Cooling

Central Air: Yes
Warehouse A/C: Yes

Interior Features

Finished: Yes

Loading Facilities

Truck Well 2 or More: Yes
Drive-in Door(s): Yes

Road Surface Type

Asphalt: Yes

Exterior

Corner Lot: Yes
Landscaping: Yes

Source of Fincl Data

Unknown: Yes

Traffic Count

Unknown: Yes

Fencing

None: Yes

Water Source

City Franchise: Yes

Freeway/Highway

Frontage: Yes
Access: Yes

Building Features

Conference Room: Yes
Showroom: Yes
Kitchen: Yes
Showers - Office: Yes

Sewer

Septic Tank: Yes

Parking Features

Parking Lot: Yes
Paved: Yes

Electric

SRP: Yes
Over 220 Amp: Yes

Gas

City Gas: Yes

New Financing

Cash to Loan: Yes
1031 Exchange: Yes

Existing 1st Loan

Private: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Non Assumable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Building Type: Commercial; Industrial; Distribution/Warehouse Business Type: Mixed; Warehouse; Wholesale Stories: 2 Stories Construction: Block Roofing: Metal Floors: Concrete; Sealed; Ceramic Tile; Carpet Ceiling Height: 8.1 Feet to 10 Feet; 16.1 Feet to 28 Feet Heating: Heat Pump; Office Heated; 2 or More Units Cooling: Central Air; Warehouse A/C Loading Facilities: Truck Well 2 or More; Drive-in Door(s) Interior Features: Finished Exterior: Corner Lot; Landscaping Fencing: None Building Features: Conference Room; Showroom; Kitchen; Showers - Office Parking Features: Parking Lot; Paved Electric: SRP; Over 220 Amp Gas: City Gas Water Source: City Franchise Sewer: Septic Tank New Financing: Cash to Loan; 1031 Exchange Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Source of Fincl Data: Unknown Existing 1st Loan: Private Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Non Assumable Road Surface Type: Asphalt Traffic Count: Unknown Environmental: None

Listing Office: Century 21 Toma Partners

Last Updated: September - 06 - 2023