261 E UNIVERSITY Drive, Phoenix, AZ 85004 - MLS #6636923

images$5,287,500 images******** Beds

images******** Bath images45,907 sqft images1979

imagesClosed

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Description

BACK ON THE MARKET 2/26/24 - Great location just south of downtown Phoenix ** Former manufacturing facility with lots of power (2,000 amp PLUS 1,200 amp) ** Eight dock high doors and three grade level roll-ups (two 12 ft and one 14 ft) ** Small office/kitchenette ** Storage shed plus two covered sheds **

Property Features
Building Type: Commercial; Manufacturing; Distribution/Warehouse
Business Type: Other
Stories: 1 Story
Construction: Metal
Roofing: Rolled
Floors: Concrete
Ceiling Height: 10.1 Feet to 12 Feet; 14.1 Feet to 16 Feet
Heating: Other
Cooling: Window/Wall Unit; Office Evap
Loading Facilities: Dock High; Grade Level
Interior Features: Other (See Remarks)
Fencing: Chain Link
Building Features: Other (See Remarks)
Parking Features: Private
Electric: APS
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Cash to Loan
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
Road Surface Type: Asphalt
Environmental: None
Contract Info
Current Price: $5,287,500
Sold Price: $5,287,500
Status: Closed
List Date: 2023-12-04
Ownership: Fee Simple
Location Tax Legal
House Number: 261
Compass: E
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85004
Zip4: 2921
County Code: Maricopa
Subdivision: TRENDWOOD INCORPORATED
Assessor Number: 112-42-217
Tax Year: 2023
General Property Description
Type of Property: Commercial Warehouse
Ttl Apx SqFt Bldg: 45907
# of Buildings: 4
Lot Size Dimensions: irregular
Year Built: 1979
Zoning: L-1, A-1
Flood Zone: No
Remarks Misc
Cross Street: 7th Street and University
Directions: From 7th Street and University, west to property
Geo Lat: 33.423341
Geo Lon: -112.070031
Status Change Info
Off Market Date: 2024-08-20
Under Contract Date: 2024-06-17
Close of Escrow Date: 2024-09-17
Sold Price: $5,287,500
Legal Info
Township: 1N
Range: 3E
Section: 17
Lot Number: 1
Bay Info
# of Bays: 8
Showing Notification Methods
Showing Service: No Showing Service Used
Sold Info
Loan Type: Other
Loan Years: 25
Payment Type: Fixed
Clsing Cost Split: Seller Assist - A
Buyer Concession $/%: $
Seller Concession to Buyer: 1
Seller Concession $/%: %