2601 N 3RD Street, Phoenix, AZ 85004
$4,150,000
Property Type:
Comm/Industry Sale
Square Footage:
44,309
Lot Size (sq. ft.):
16,335
Status:
Closed
Current Price:
$4,150,000
List Date:
11/23/2018
Last Modified:
1/14/2025
Overview
Description
Listing Details MLS# 5811145
Location, Tax & Legal
- Map Code/Grid
- P34
- House Number
- 2601
- Compass
- N
- Street Name
- 3RD
- St Suffix
- Street
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85004
- Zip4
- 1142
- County Code
- Maricopa
- Subdivision
- NORTH BALTIMORE HTS
- Assessor Number
- 118-45-016
- Tax Year
- 2017
- Assessor's Map #
- 45
- Legal Description (Abbrev)
- N BALTIMORE HEIGHTS PT LOT 4 S 111' OF W2 EX E 2F & EX TRI 10FX10F IN SE COR & EX TH PT DESC P/D
- Assessor's Parcel #
- 16
- Add'l Parcels
- Yes
- Tax Municipality
- Maricopa - COUNTY
- Census Tract
- 111800
- Taxes
- 59000
- Legal
- N BALTIMORE HEIGHTS PT LOT 4 S 111' OF W2 EX E 2F & EX TRI 10FX10F IN SE COR & EX TH PT DESC P/D
Contract Info
- Ownership
- Fee Simple
General Property Description
- Ttl Apx SqFt Bldg
- 44309
- # of Buildings
- Yes
- Year Built
- 1987
- Uncvrd Parking Spcs
- 42
- Zoning
- R-5 COM
Remarks Misc
- Cross Street
- VIRGINIA & 3RD STREET
- Directions
- 3RD STREET AND VIRGINIA, SOUTH OF THOMAS RD.
Status Change Info
- Off Market Date
- 2018-12-15
- Under Contract Date
- 2018-09-25
- Close of Escrow Date
- 2018-12-14
Legal Info
- Township
- 2N
- Range
- 3E
- Section
- 32
- Lot Number
- 4
More Information
Income Expenses
- Gross Annual Sch Inc
- 559657
- Net Operating Income
- 302453
Sold Info
- Loan Type
- Conventional
- Loan Years
- 20
- Payment Type
- Other
- Clsing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession to Buyer
- 100000
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
Construction
- Stucco
- Yes
- Metal
- Yes
Roofing
- Built-Up
- Yes
- Foam
- Yes
Floors
- Other
- Yes
Income & Expenses
- Annual Elec Exp
- 79745
- Annual Gas Exp
- 438
- Annual Ins Exp
- 5224
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 5800
- Annual Legal & Acctg
- 2400
- Annual Maint Exp
- 27800
- Annual Mgmt Exp
- 27300
- Annual Trash Exp
- 7843
- Annual Wtr/Swr Exp
- 6500
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 20000
- Annual Other Expense
- 0
- Operating Exp
- 242050
- Other Income
- 0
- Vacancy Allowance
- 0.1
- Adjusted Gross Inc
- 503691.3
Building Type
- Commercial
- Yes
- Office
- Yes
Business Type
- Dental
- Yes
- Service Business
- Yes
- Medical
- Yes
- Professional/Office
- Yes
Stories
- 3 - 4 Stories
- Yes
Pmt & Rate Info
- Cap Rate
- 7.12
- Down Payment
- 0
- Equity
- 4250000
- Total Owed
- 0
- Assessment Balance
- 0
Ceiling Height
- 8.1 Feet to 10 Feet
- Yes
Heating
- Heat Pump
- Yes
- Electric
- Yes
- 2 or More Units
- Yes
- Other
- Yes
- See Remarks
- Yes
Cooling
- Central Air
- Yes
- Office A/C
- Yes
- Chiller System
- Yes
Interior Features
- Finished
- Yes
Loading Facilities
- None
- Yes
Road Surface Type
- Asphalt
- Yes
Exterior
- Corner Lot
- Yes
- Landscaping
- Yes
- Building Sign
- Yes
- Monument Sign
- Yes
Source of Fincl Data
- Owner
- Yes
Traffic Count
- Over 200,000
- Yes
Fencing
- Block
- Yes
Water Source
- City Franchise
- Yes
Building Features
- Public Elevator(s)
- Yes
Sewer
- Sewer - Public
- Yes
- Sewer - Private
- Yes
Parking Features
- Fenced
- Yes
- Free
- Yes
Electric
- APS
- Yes
Gas
- SW Gas
- Yes
New Financing
- Cash Only
- Yes
- 1031 Exchange
- Yes
Existing 1st Loan
- Other (See Rmks)
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Other (See Remarks)
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Other (See Remarks)
- 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:
Commercial; Office
Business Type:
Dental; Service Business; Medical; Professional/Office
Stories:
3 - 4 Stories
Construction:
Stucco; Metal
Roofing:
Built-Up; Foam
Floors:
Other
Ceiling Height:
8.1 Feet to 10 Feet
Heating:
Heat Pump; 2 or More Units; Other; See Remarks
Cooling:
Central Air; Office A/C; Chiller System
Loading Facilities:
None
Interior Features:
Finished
Exterior:
Corner Lot; Landscaping; Building Sign; Monument Sign
Fencing:
Block
Building Features:
Public Elevator(s)
Parking Features:
Fenced; Free
Electric:
APS
Gas:
SW Gas
Water Source:
City Franchise
Sewer:
Sewer - Public; Sewer - Private
New Financing:
Cash Only; 1031 Exchange
Source of Fincl Data:
Owner
Existing 1st Loan:
Other (See Rmks)
Existing 1st Loan Type:
Not Applicable
Existing 1st Loan Terms:
Not Applicable
Existing 2nd Loan:
Other (See Remarks)
Existing 2nd Loan Type:
Not Applicable
Existing 2nd Loan Terms:
Not Applicable
Existing 3rd Loan:
Other (See Remarks)
Existing 3rd Loan Type:
Not Applicable
Existing 3rd Loan Terms:
Not Applicable
Existing Othr Ln Trm:
Not Applicable
Road Surface Type:
Asphalt
Traffic Count:
Over 200,000
Environmental:
None
Documents
OFFERING MEMORANDUM ›
Listing Office:
Grand Canyon Realty
Last Updated: January - 14 - 2025
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