18409 N CAVE CREEK Road, Phoenix, AZ 85032 - MLS #6346436

images$4,850,000 images******** Beds

images******** Bath images19,818 sqft images1998

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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.

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)
Contract Info
Current Price: $4,850,000
Sold Price: $4,850,000
Status: Closed
List Date: 2022-01-25
Ownership: Fee Simple
Location Tax Legal
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
Year Built: 1998
Uncvrd Parking Spcs: 300
Zoning: C-2
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
Legal Info
Township: 4N
Range: 3E
Section: 35
Lot Number: 1
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $