6702 W GREENWAY Road N, Glendale, AZ 85306
$275,000
Property Type:
Comm/Industry Sale
Square Footage:
13,346
Lot Size (sq. ft.):
43,212
Status:
Closed
Current Price:
$275,000
List Date:
4/16/2019
Last Modified:
10/16/2019
Description
100% occupancy with seasoned leases. Sudden health news brings the center to market.
Contact Broker for details and back up information.
Roof is TPO
More Information MLS# 5912355
Contract Info
Ownership: Fee Simple
Current Price: $275,000
Sold Price: $275,000
Status: Closed
List Date: 2019-04-16
Location, Tax & Legal
Assessor's Map #: 52
Legal Description (Abbrev): GRANADA ESTATES UNIT 4 MCR 125-34 PT TR A DAF THE S 200F OF THE E 200F TR A & ALSO TH PT OF ABAND R
Assessor's Parcel #: 136
Assessor Parcel Ltr: E
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 71511
Taxes: 25171
Legal: GRANADA ESTATES UNIT 4 MCR 125-34 PT TR A DAF THE S 200F OF THE E 200F TR A & ALSO TH PT OF ABAND R
Marketing Name: Fountain Plaza
Map Code/Grid: L31
House Number: 6702
Compass: W
Street Name: GREENWAY
St Suffix: Road
St Dir Sfx: N
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85306
County Code: Maricopa
Subdivision: GRANADA ESTATES 4
Assessor Number: 200-52-136-E
Tax Year: 2018
General Property Description
Type of Property: Retail Strip Center
Ttl Apx SqFt Bldg: 13346
Ttl Apx Net Rnt Spc: 13600
# of Buildings: 1
Uncvrd Parking Spcs: 62
Lot Size Dimensions: 200' on 67th x 180' on Greenway
Volts/Amps: 110/250
Year Built: 1987
Zoning: C-2
Legal Info
Range: 1E
Section: 1
Township: 3N
Lot Number: 1
Construction
Block: 1
Roofing
Other: 1
Floors
Concrete: 1
Vinyl: 1
Wood: 1
Ceramic Tile: 1
Carpet: 1
Bay Info
# of Bays: 14
Bay Door Height: 83
Bay Size: 36
Income & Expenses
Annual Elec Exp: 787
Annual Gas Exp: 0
Annual Ins Exp: 2245
Annual Land Lse Exp: 0
Annual Landscape Exp: 3336
Annual Legal & Acctg: 0
Annual Maint Exp: 16206
Annual Mgmt Exp: 9000
Annual Trash Exp: 1970
Annual Wtr/Swr Exp: 1420
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 5252
Annual Other Expense: 816
Other Income: 48900
Vacancy Allowance: 0
Adjusted Gross Inc: 164150
Building Type
Commercial: 1
Business Type
Service Business: 1
Religious Facility: 1
Professional/Office: 1
Retail: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 7.11
Down Payment: 1375000
Equity: 1375000
1st Encumbrance: 0
1st Interest Rate: 0
1st Payment: 0
1st Payment Freq: None
2nd Encumbrance: 0
2nd Payment: 0
2nd Payment Freq: None
3rd Encumbrance: 0
3rd Payment: 0
3rd Payment Freq: None
Total Owed: 0
Avg Rent P/SqFt: 12.4
Assessment Balance: 0
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Central Air: 1
Office A/C: 1
Interior Features
Finished: 1
Private Restrooms: 1
Loading Facilities
Grade Level: 1
Road Surface Type
Asphalt: 1
Exterior
Corner Lot: 1
Curb(s) & Gutter(s): 1
Building Sign: 1
Sidewalk(s): 1
Source of Fincl Data
Owner: 1
Other (See Remarks): 1
Traffic Count
35,001 to 50,000: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Freeway/Highway
2.1 - 5 Miles: 1
Building Features
Accessible Entrance: 1
Display Window(s): 1
Sewer
Sewer - Public: 1
Railroad
Other (See Remarks): 1
Parking Features
Free: 1
Private: 1
Paved: 1
Electric
APS: 1
Individual Meter: 1
3 Phase Power: 1
Gas
SW Gas: 1
Individual Meter: 1
New Financing
Cash Only: 1
Special
Incorporated Area: 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
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: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: NWC 67th Avenue & Greenway Road
Directions: This center is on the Northwest corner of 67th Avenue & Greenway Road
Geo Lat: 33.625499
Geo Lon: -112.202989
Status Change Info
Off Market Date: 2019-08-12
Under Contract Date: 2019-08-08
Close of Escrow Date: 2019-10-15
Sold Price: $275,000
Income Expenses
Gross Annual Sch Inc: 115250
Net Operating Income: 97747
Property Features
Building Type: Commercial
Business Type: Service Business; Religious Facility; Professional/Office; Retail
Stories: 1 Story
Construction: Block
Roofing: Other
Floors: Concrete; Vinyl; Wood; Ceramic Tile; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump
Cooling: Central Air; Office A/C
Loading Facilities: Grade Level
Interior Features: Finished; Private Restrooms
Exterior: Corner Lot; Curb(s) & Gutter(s); Building Sign; Sidewalk(s)
Fencing: Block
Building Features: Accessible Entrance; Display Window(s)
Parking Features: Free; Private; Paved
Electric: APS; Individual Meter; 3 Phase Power
Gas: SW Gas; Individual Meter
Water Source: City Franchise
Sewer: Sewer - Public
Railroad: Other (See Remarks)
New Financing: Cash Only
Special: Incorporated Area
Source of Fincl Data: Owner; Other (See Remarks)
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: 35,001 to 50,000
Environmental: None
Documents
Site Plan Aerial Photo ›
Listing Office:
Wolf Realty, Inc.
Last Updated: October - 16 - 2019
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