8751 N 51ST Avenue N, Glendale, AZ 85302
$1,450,000
Property Type:
Comm/Industry Sale
Square Footage:
22,623
Lot Size (sq. ft.):
64,512
Status:
Closed
Current Price:
$1,450,000
List Date:
2/09/2021
Last Modified:
8/01/2021
Description
Suburban office complex of 20 units various sizes plus executive offices. Open bright & airy access to each suite, all have glass line for natural light, gated secured breezeway access for 2 of 3 wings, north wing has access for north parking lot. Ingress and egress from 51st Avenue or Barbara. onsite park setting for open air meeting or breaks. on a bus line, close proximity to support services, groceries, food shopping...
More Information MLS# 6191962
Contract Info
Ownership: Fee Simple
Current Price: $1,450,000
Sold Price: $1,450,000
Status: Closed
List Date: 2021-02-09
Location, Tax & Legal
Assessor's Map #: 9
Legal Description (Abbrev): PT NW4 BEG SW COR NW4 TH N 965.65F TO TPOB TH CON T N 465F E 425F S 465F W 425F TO TPOB EX ANY PT L
Assessor's Parcel #: 8
Assessor Parcel Ltr: B
Add'l Parcels: Yes
Tax Municipality: Glendale
Census Tract: 92309
Taxes: 34835
Legal: PT NW4 BEG SW COR NW4 TH N 965.65F TO TPOB TH CON T N 465F E 425F S 465F W 425F TO TPOB EX ANY PT L
Marketing Name: PLaza 51
Map Code/Grid: M32
House Number: 8751
Compass: N
Street Name: 51ST
St Suffix: Avenue
St Dir Sfx: N
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85302
Zip4: 4942
County Code: Maricopa
Subdivision: metes & Bounds
Assessor Number: 148-09-008-B
Tax Year: 2020
General Property Description
Type of Property: Suburban Garden Office
Ttl Apx SqFt Bldg: 22623
Ttl Apx Net Rnt Spc: 22045
# of Buildings: 2
Uncvrd Parking Spcs: 70
Lot Size Dimensions: Irr
Volts/Amps: 200/110
Year Built: 1987
Zoning: C-o
Legal Info
Range: 2E
Section: 33
Township: 3N
Lot Number: B
Construction
Block: 1
Stucco: 1
Roofing
Foam: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Bay Info
# of Bays: 20
Bay Door Height: 83
Income & Expenses
Annual Elec Exp: 24995
Annual Ins Exp: 7030
Annual Landscape Exp: 10550
Annual Legal & Acctg: 60
Annual Maint Exp: 12592
Annual Mgmt Exp: 9069
Annual Trash Exp: 3000
Annual Wtr/Swr Exp: 5532
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 16031
Other Income: 13422
Vacancy Allowance: 0.15
Adjusted Gross Inc: 211175.7
Building Type
Commercial: 1
Office: 1
Business Type
Service Business: 1
Professional/Office: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 7.9
Equity: 1587500
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: 10.66
Showing Notification Methods
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Heat Pump: 1
Electric: 1
Office Heated: 1
2 or More Units: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Security Light(s): 1
Security Camera(s): 1
Private Restrooms: 1
Loading Facilities
Grade Level: 1
Road Surface Type
Asphalt: 1
Exterior
Corner Lot: 1
Dual Street Ftg: 1
Sprinkler System-Ground: 1
Landscaping: 1
Curb(s) & Gutter(s): 1
Building Sign: 1
Sidewalk(s): 1
Security Camera(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
35,001 to 50,000: 1
Fencing
Block: 1
Partial: 1
Water Source
City Franchise: 1
Freeway/Highway
1.1 - 2 Miles: 1
Building Features
Accessible Entrance: 1
Kitchen: 1
Security Gate: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Private: 1
Paved: 1
Electric
SRP: 1
Over 220 Amp: 1
3 Phase Power: 1
Gas
None: 1
New Financing
Cash Only: 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
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: 51st Avenue & Olive
Directions: Southeast corner of 51sat Avenue and Barbara
Geo Lat: 33.563319
Geo Lon: -112.168207
Status Change Info
Off Market Date: 2021-06-09
Under Contract Date: 2021-06-02
Close of Escrow Date: 2021-07-31
Sold Price: $1,450,000
Income Expenses
Gross Annual Sch Inc: 235020
Net Operating Income: 125338
Property Features
Building Type: Commercial; Office
Business Type: Service Business; Professional/Office
Stories: 1 Story
Construction: Block; Stucco
Roofing: Foam
Floors: Vinyl; Ceramic Tile; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump; Office Heated; 2 or More Units
Cooling: Central Air
Loading Facilities: Grade Level
Interior Features: Finished; Security Light(s); Security Camera(s); Private Restrooms
Exterior: Corner Lot; Dual Street Ftg; Sprinkler System-Ground; Landscaping; Curb(s) & Gutter(s); Building Sign; Sidewalk(s); Security Camera(s)
Fencing: Block; Partial
Building Features: Accessible Entrance; Kitchen; Security Gate
Parking Features: Free; Private; Paved
Electric: SRP; Over 220 Amp; 3 Phase Power
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only
Showing Notification Methods: Phone Call
Lockbox Type: None
Special: Owner/Agent
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: 35,001 to 50,000
Environmental: None
Listing Office:
Wolf Realty, Inc.
Last Updated: August - 01 - 2021
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