407 W OSBORN Road, Phoenix, AZ 85013 (MLS# 5917666)

407 W OSBORN Road, Phoenix, AZ 85013

$1,600,000

Property Type: Comm/Industry Sale Square Footage: 7,306 Lot Size (sq. ft.): 18,731 Status: Closed

Current Price: $1,600,000 List Date: 4/27/2019 Last Modified: 7/29/2024

Overview

Description

A once in a lifetime opportunity to own an iconic, architectural wonder embedded deep into the history of Phoenix. Originally designed by architecture firm Lescher & Mahoney and used as their own studio and office, it remains today as one of the most iconic mid century modern buildings in Phoenix with masterfully designed interior and exterior spaces, built on a concrete shell with precast concrete wall panels forming the exterior walls of the upper story, and deep overhangs protecting the windows from direct sun helping with energy efficiency. Three wings of the building with a split level floor plan are centered around a square courtyard serving as the main entrance with covered gateway.

Supplements: Underwent extensive renovation in 2004 led by architectural firm Weddle+Gilmore and landscape architectural firm Floor Associates. Lescher & Mahoney was one of the most prolific architectural firms in the history of Phoenix, with work spanning from 1910 to 1974. As Beaux Arts-trained architects, their versatility to remain relevant throughout their ... (Read more)

Listing Details MLS# 5917666

Location, Tax & Legal

Map Code/Grid: P34
House Number: 407
Compass: W
Street Name: OSBORN
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Zip4: 3827
Country: US
County Code: Maricopa
Assessor Number: 118-38-128-F
Tax Year: 2018
Assessor's Map #: 38
Legal Description (Abbrev): BEG NE COR PARK CENTRAL UNIT 5 TH E 135F TH S TO N LN OF ALLEY AS SHOWN IN PARK CENTRAL UNIT 1 TH WL
Assessor's Parcel #: 128
Assessor Parcel Ltr: F
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 110501
Taxes: 15062
Legal: BEG NE COR PARK CENTRAL UNIT 5 TH E 135F TH S TO N LN OF ALLEY AS SHOWN IN PARK CENTRAL UNIT 1 TH WL

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Creative Office
Ttl Apx SqFt Bldg: 7306
# of Buildings: Yes
Year Built: 1962
Uncvrd Parking Spcs: 22
Zoning: R-5

Remarks Misc

Cross Street: Osborn & 3rd Ave
Directions: From Osborn & Central, head west to just past 3rd Ave. Building on south side of Osborn.

Status Change Info

Off Market Date: 2019-08-17
Under Contract Date: 2019-05-24
Close of Escrow Date: 2019-08-16

Legal Info

Township: 2N
Range: 3E
Section: 29
Lot Number: 7

More Information

Contact Info

List Agent Home Phn: 602-793-2753

Sold Info

Loan Type: Conventional
Loan Years: 20
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Block: Yes
Brick: Yes

Roofing

Foam: Yes

Floors

Concrete: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 6367
Annual Legal & Acctg: 0
Annual Maint Exp: 7500
Annual Mgmt Exp: 0
Annual Trash Exp: 215
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 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

Down Payment: 0
Equity: 1600000
Total Owed: 0
Assessment Balance: 0

Ceiling Height

8.1 Feet to 10 Feet: Yes

Heating

Heat Pump: Yes

Cooling

Heat Pump: Yes

Interior Features

Finished: Yes
Smoke Detector(s): Yes
Security System: Yes
Security Light(s): Yes
Security Camera(s): Yes
Alarm System: Yes
Phone System: Yes
Private Restrooms: Yes

Loading Facilities

None: Yes

Road Surface Type

Asphalt: Yes

Exterior

Landscaping: Yes
Security Light(s): Yes
Security Camera(s): Yes

Source of Fincl Data

Owner: Yes

Traffic Count

15,001 to 25,000: Yes

Fencing

Other: Yes
See Remarks: Yes

Water Source

City Franchise: Yes

Freeway/Highway

2.1 - 5 Miles: Yes

Building Features

Conference Room: Yes
Reception Room: Yes
Kitchen: Yes

Sewer

Sewer - Public: Yes

Parking Features

Private: Yes

Electric

APS: Yes

Gas

None: Yes

New Financing

Cash Only: Yes
Cash to Loan: Yes
1031 Exchange: Yes
Sale/Leaseback: 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

ALTA Survey Availbl: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Property Features

Building Type: Commercial; Office Business Type: Professional/Office Stories: 2 Stories Construction: Block; Brick Roofing: Foam Floors: Concrete Ceiling Height: 8.1 Feet to 10 Feet Heating: Heat Pump Cooling: Heat Pump Loading Facilities: None Interior Features: Finished; Smoke Detector(s); Security System; Security Light(s); Security Camera(s); Alarm System; Phone System; Private Restrooms Exterior: Landscaping; Security Light(s); Security Camera(s) Fencing: Other; See Remarks Building Features: Conference Room; Reception Room; Kitchen Parking Features: Private Electric: APS Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan; 1031 Exchange; Sale/Leaseback Source of Fincl Data: Owner 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: 15,001 to 25,000 Environmental: None

Listing Office: Urban Luxe Real Estate

Last Updated: July - 29 - 2024