45 W Buchanan Street S, Phoenix, AZ 85003 (MLS# 5567456)

45 W Buchanan Street S, Phoenix, AZ 85003

$2,625,000

Southwest corner of Central and West Buchanan

Property Type: Comm/Industry Sale Square Footage: 19,000 Lot Size (sq. ft.): 36,303 Status: Closed

Current Price: $2,625,000 List Date: 2/28/2017 Last Modified: 6/28/2017

Overview

Description

The subject property is an industrial warehouse building that has been renovated in 2016 for a church facility with potential utilization for many uses. The open beam ceiling has an approximate clear height of 18', polished concrete floors, new ceramic tile bathroom floors, wood mezzanine floor accessible from two interior stairways. New suspended light fixtures, recessed lighting in the offices. West side of building is heated and cooled with roof mounted HVAC units. East side does not have HVAC. Fire protection with a sprinkler system. Estimated off street parking for 60+- on the vacant west 2 parcels. Additional fee parking on north side of the street. Building can accommodate inside vehicles including food trucks. Walking distance to downtown hotels, restaurants, sporting events.

Listing Details MLS# 5567456

Location, Tax & Legal

Map Code/Grid: Q34
House Number: 45
Compass: W
Street Name: Buchanan
St Suffix: Street
St Dir Sfx: S
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Country: US
County Code: Maricopa
Subdivision: Montgomery Add Block 6, 11-14
Assessor Number: 112-23-003-A
Tax Year: 2016
Assessor's Map #: 23
Assessor's Parcel #: 3
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Phoenix
Taxes: 14122
Legal: Lots 2,3 and 4 of Block 1, Montgomery Add Block 6, 11-14
Marketing Name: 1st Presbytery Church of

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Industrial/Commercial
Ttl Apx SqFt Bldg: 19000
# of Buildings: 2
Lot Size Dimensions: Irregular
Year Built: 1946
Uncvrd Parking Spcs: 60
Zoning: DTC-Ware

Remarks Misc

Cross Street: South Central Ave and Buchanan St
Directions: Southwest Corner of Central Avenue and Buchanan St

Status Change Info

Off Market Date: 2017-04-18
Under Contract Date: 2017-04-14
Close of Escrow Date: 2017-06-27

Legal Info

Lot Number: 2,3 & 4

More Information

Sold Info

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

Construction

Block: Yes
Brick: Yes
Stucco: Yes

Roofing

Built-Up: Yes

Floors

Concrete: Yes
Ceramic Tile: Yes

Income & Expenses

Annual Elec Exp: 1
Annual Gas Exp: 1
Annual Ins Exp: 1
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 1
Annual Mgmt Exp: 0
Annual Trash Exp: 1
Annual Wtr/Swr Exp: 1
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

Industrial: Yes

Business Type

Religious Facility: Yes
Warehouse: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Down Payment: 3000000
Equity: 3000000
1st Encumbrance: 0
Total Owed: 0
Assessment Balance: 0

Ceiling Height

16.1 Feet to 28 Feet: Yes

Heating

Heat Pump: Yes
Electric: Yes
Natural Gas: Yes

Cooling

Central Air: Yes
Heat Pump: Yes
Warehouse A/C: Yes

Interior Features

Finished: Yes
Fire Sprinklers: Yes
Security System: Yes
Alarm System: Yes
Private Restrooms: Yes

Loading Facilities

Dock High: Yes
Drive-in Door(s): Yes

Road Access Type

Dedicated Street: Yes

Road Surface Type

Asphalt: Yes

Exterior

Corner Lot: Yes
Dual Street Ftg: Yes
Curb(s) & Gutter(s): Yes

Source of Fincl Data

Owner: Yes

Traffic Count

Unknown: Yes

Fencing

Block: Yes
Chain Link: Yes

Water Source

City Franchise: Yes

Building Features

Kitchen: Yes
Raised Floor: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

Fenced: Yes
Private: Yes

Electric

APS: Yes

Gas

SW Gas: 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

Use Restrictions

Deed Restrictions: 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

Existing Othr Ln Trm

Not Applicable: Yes

Property Features

Building Type: Industrial Business Type: Religious Facility; Warehouse Stories: 1 Story Construction: Block; Stucco; Brick Roofing: Built-Up Floors: Concrete; Ceramic Tile Ceiling Height: 16.1 Feet to 28 Feet Heating: Natural Gas; Heat Pump Cooling: Central Air; Warehouse A/C; Heat Pump Loading Facilities: Dock High; Drive-in Door(s) Interior Features: Finished; Fire Sprinklers; Security System; Alarm System; Private Restrooms Exterior: Corner Lot; Dual Street Ftg; Curb(s) & Gutter(s) Fencing: Block; Chain Link Building Features: Kitchen; Raised Floor Parking Features: Fenced; Private Road Access Type: Dedicated Street Electric: APS Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected New Financing: Cash Only 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: Unknown Use Restrictions: Deed Restrictions Environmental: None

Listing Office: AZ Brokerage Holdings, LLC

Last Updated: June - 28 - 2017