18409 N CAVE CREEK Road, Phoenix, AZ 85032
$4,850,000
Property Type: Comm/Industry Sale Square Footage: 19,818 Lot Size (sq. ft.): 94,090 Status: Closed
Current Price: $4,850,000 List Date: 1/25/2022 Last Modified: 8/05/2025
Description
Investors Opportunity. Here's a great investment opportunity for you or your investors. This rare 6.5% Cap Rate is in a desirable and great exposure area and a very busy center that's very convenient to the 101 Frwy. Residential area consists of 19,637 residents with in 1 Mile, 138,719 with in 3 miles and 496,314 with in 15 min drive. Great tenants with upside potential. Owner to guarantee rent paid for each month in default for the first year IF tenants defaults.
More Information MLS# 6346436
Contract Info
Ownership: Fee Simple Current Price: $4,850,000 Sold Price: $4,850,000 Status: Closed List Date: 2022-01-25
Location, Tax & Legal
Assessor's Map #: 6 Legal Description (Abbrev): POR OF LOT 1 PEPPER RIDGE PLAZA 2 MCR 457-31 DAF BEG AT WLY MOST NW COR SD LOT 1 TH E 38.96F TH N 37 Assessor's Parcel #: 678 Assessor Parcel Ltr: B Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 619500 Taxes: 643 Legal: POR OF LOT 1 PEPPER RIDGE PLAZA 2 MCR 457-31 DAF BEG AT WLY MOST NW COR SD LOT 1 TH E 38.96F TH N 37 Map Code/Grid: K35 House Number: 18409 Compass: N Street Name: CAVE CREEK St Suffix: Road City/Town Code: Phoenix State/Province: AZ Zip Code: 85032 Zip4: 1018 County Code: Maricopa Subdivision: PEPPER RIDGE PLAZA 2 Assessor Number: 214-06-678-B Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 19818 # of Buildings: 2 Uncvrd Parking Spcs: 300 Year Built: 1998 Zoning: C-2
Legal Info
Range: 3E Section: 35 Township: 4N Lot Number: 1
Construction
Block: 1
Roofing
Foam: 1 Other: 1
Floors
Concrete: 1 Ceramic Tile: 1 Other: 1
Income & Expenses
Owner Association: No Annual Ownr Asoc Fee: 0 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0
Building Type
Commercial: 1
Business Type
Retail: 1
Stories
1 Story: 1
Pmt & Rate Info
Equity: 4900000 Total Owed: 0
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Other: 1
Cooling
Central Air: 1
Interior Features
Finished: 1 Security System: 1 Security Light(s): 1 Security Camera(s): 1 Alarm System: 1 Private Restrooms: 1
Loading Facilities
Other (See Remarks): 1
Exterior
Corner Lot: 1 Building Sign: 1 Monument Sign: 1 Security Light(s): 1 Security Camera(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
25,001 to 35,000: 1 35,001 to 50,000: 1 50,001 to 75,000: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Freeway/Highway
Up to 1 Mile: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1 Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
New Financing
Other (See Remarks): 1
Special
Accepting Back-Ups: 1
Reports/Disclosures
None: 1
Environmental
Other (See Remarks): 1
Sold Info
Loan Type: Other 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: Cave Creek Rd and Union Hills Directions: Cave Creek Rd and 101 Frwy. South on Cave Creek from 101 Frwy to Union Hills. Property on Southeast corner of Cave Creek and Union Hills. Albertson's Shopping Anchored.. Geo Lat: 33.653099 Geo Lon: -112.03035
Status Change Info
Off Market Date: 2022-09-07 Under Contract Date: 2022-08-08 Close of Escrow Date: 2022-09-07 Sold Price: $4,850,000
Property Features
Building Type: Commercial Business Type: Retail Stories: 1 Story Construction: Block Roofing: Foam; Other Floors: Concrete; Ceramic Tile; Other Ceiling Height: 8.1 Feet to 10 Feet Heating: Other Cooling: Central Air Loading Facilities: Other (See Remarks) Interior Features: Finished; Security System; Security Light(s); Security Camera(s); Alarm System; Private Restrooms Exterior: Corner Lot; Building Sign; Monument Sign; Security Light(s); Security Camera(s) Fencing: Block Parking Features: Free; Paved Electric: APS Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Other (See Remarks) Lockbox Type: None Special: Accepting Back-Ups Source of Fincl Data: Owner Traffic Count: 25,001 to 35,000; 35,001 to 50,000; 50,001 to 75,000 Environmental: Other (See Remarks)
Listing Office: RE/MAX Fine Properties
Last Updated: August - 05 - 2025
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