7373 E SCOTTSDALE Mall, Scottsdale, AZ 85251 (MLS# 4525063)

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

Overview

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.

Listing Details MLS# 4525063

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Subdivision
Scottsdale Mall
Assessor Number
130-23-211-A
Tax Year
2010

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Mixed Use Commercial
Ttl Apx SqFt Bldg
23210
Ttl Apx Net Rnt Spc
21512
# of Buildings
Yes
Year Built
1976
Zoning
C-2

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.

Status Change Info

Off Market Date
2011-10-23
Under Contract Date
2011-10-21
Close of Escrow Date
2011-10-21

Legal Info

Township
2N
Range
4E
Section
26
Lot Number
F

More Information

Income Expenses

Gross Annual Sch Inc
496891
Net Operating Income
262682

Contact Info

List Agent Home Phn
480-899-6207

Sold Info

Loan Type
Cash
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession $/%
%

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
IDX
Listing Office: Touchstone Realty, LLC
Last Updated: May - 23 - 2020
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