7373 E SCOTTSDALE Mall, Scottsdale, AZ 85251
$1,200
Property Type: Comm/Industry Sale Square Footage: 23,210 Lot Size (sq. ft.): 19,988 Status: Closed
Current Price: $1,200 List Date: 1/21/2011 Last Modified: 5/23/2020
Description
Mixed use building in a popular downtown Scottsdale location, adjacent to the Scottsdale Center for the Performing Arts. 100% occupied with 89% of the leased space to tenants for over 10 years. 84% of leased space has more than 3 years left on the leases. Owner completed over $570,000 in improvements in the last couple years. Free parking in adjacent city parking garage and city parking lot.
More Information MLS# 4525063
Contract Info
Ownership: Fee Simple Current Price: $1,200 Sold Price: $1,200 Status: Closed List Date: 2011-01-21
Location, Tax & Legal
Assessor's Map #: 23 Legal Description (Abbrev): SCOTTSDALE MALL Assessor's Parcel #: 211 Assessor Parcel Ltr: A Add'l Parcels: No Tax Municipality: Maricopa - COUNTY Census Tract: 217201 Taxes: 36003 Legal: SCOTTSDALE MALL MCR 170-2 LOT F N2 Map Code/Grid: P37 House Number: 7373 Compass: E Street Name: SCOTTSDALE St Suffix: Mall City/Town Code: Scottsdale State/Province: AZ Zip Code: 85251 Zip4: 4425 County Code: Maricopa Subdivision: Scottsdale Mall Assessor Number: 130-23-211-A Tax Year: 2010
General Property Description
Type of Property: Mixed Use Commercial Ttl Apx SqFt Bldg: 23210 Ttl Apx Net Rnt Spc: 21512 # of Buildings: 1 Uncvrd Parking Spcs: 0 Year Built: 1976 Zoning: C-2
Legal Info
Range: 4E Section: 26 Township: 2N Lot Number: F
Construction
Stucco: 1
Roofing
Other: 1
Floors
Concrete: 1
Income & Expenses
Annual Elec Exp: 84450 Annual Gas Exp: 22117 Annual Ins Exp: 3751 Annual Land Lse Exp: 0 Annual Landscape Exp: 600 Annual Legal & Acctg: 400 Annual Maint Exp: 48450 Annual Mgmt Exp: 14420 Annual Trash Exp: 7320 Annual Wtr/Swr Exp: 17810 Owner Association: No Annual Ownr Asoc Fee: 0 Annual PAD Fee: 0 Annual Rplcmnt Rsrvs: 0 Annual Other Expense: 0 Operating Exp: 235321 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 496891
Building Type
Commercial: 1 Office: 1
Business Type
Mixed: 1 Restaurant: 1 Professional/Office: 1 Retail: 1 Bar/Tavern/Lounge: 1
Stories
2 Stories: 1
Pmt & Rate Info
Cap Rate: 5.97 Down Payment: 0 Equity: 4400000 Total Owed: 0 Assessment Balance: 0
Ceiling Height
8.1 Feet to 10 Feet: 1 10.1 Feet to 12 Feet: 1
Heating
Electric: 1 Natural Gas: 1
Cooling
Central Air: 1 Chiller System: 1
Interior Features
Finished: 1 Security Light(s): 1 Private Restrooms: 1
Loading Facilities
Grade Level: 1
Exterior
Landscaping: 1 Curb(s) & Gutter(s): 1 Building Sign: 1 Sidewalk(s): 1 Monument Sign: 1
Source of Fincl Data
Accountant: 1 Projected Proforma: 1
Traffic Count
Other (See Remarks): 1
Fencing
Other: 1 See Remarks: 1
Water Source
Other: 1 See Remarks: 1
Freeway/Highway
2.1 - 5 Miles: 1
Building Features
Public Elevator(s): 1
Sewer
Sewer - Public: 1
Railroad
Other (See Remarks): 1
Parking Features
Free: 1 Parking Lot: 1
Electric
Individual Meter: 1
Gas
Other (See Remarks): 1
New Financing
Owner May Carry: 1 1031 Exchange: 1
Existing 1st Loan
Private: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Assume-Qualify: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 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: 480-899-6207
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: Scottsdale Road and 2nd Street Directions: East on 2nd Street from Scottsdale Road, left (North) on Wells Fargo Ave. to parking garage. Geo Lat: 33.492176 Geo Lon: -111.923013
Status Change Info
Off Market Date: 2011-10-23 Under Contract Date: 2011-10-21 Close of Escrow Date: 2011-10-21 Sold Price: $1,200
Income Expenses
Gross Annual Sch Inc: 496891 Net Operating Income: 262682
Property Features
Building Type: Commercial; Office Business Type: Mixed; Restaurant; Professional/Office; Retail; Bar/Tavern/Lounge Stories: 2 Stories Construction: Stucco Roofing: Other Floors: Concrete Ceiling Height: 8.1 Feet to 10 Feet; 10.1 Feet to 12 Feet Heating: Natural Gas Cooling: Central Air; Chiller System Loading Facilities: Grade Level Interior Features: Finished; Security Light(s); Private Restrooms Exterior: Landscaping; Curb(s) & Gutter(s); Building Sign; Sidewalk(s); Monument Sign Fencing: Other; See Remarks Building Features: Public Elevator(s) Parking Features: Free; Parking Lot Electric: Individual Meter Gas: Other (See Remarks) Water Source: Other; See Remarks Sewer: Sewer - Public Railroad: Other (See Remarks) New Financing: Owner May Carry; 1031 Exchange Source of Fincl Data: Accountant; Projected Proforma Existing 1st Loan: Private Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Assume-Qualify 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 Traffic Count: Other (See Remarks) Environmental: None
Listing Office: Touchstone Realty, LLC
Last Updated: May - 23 - 2020
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