3550 N Central Avenue, Phoenix, AZ 85012 - MLS #6282464

images$5,100,000 images******** Beds

images******** Bath images284,709 sqft images1958

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Description

Rare opportunity to acquire a ground lease in the heart of mid-town Phoenix. With 140 years remaining, here is your chance to acquire a passive income investment. Improvements not included in the sale comprise a 20-story office building with 284,709 rentable square feet and a three-level parking structure. 3550 N Central Avenue is located 2 miles North of Downtown Phoenix in the vibrant mid-town neighborhood. And located just a block north of the redeveloping Park Central mixed-use project, this opportunity is hard to pass on.

Property Features
Building Type: Commercial; Office
Business Type: Other
Stories: 11+ Stories
Construction: Other
Roofing: Other
Floors: Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Other
Cooling: Central Air; Other
Loading Facilities: Other (See Remarks)
Interior Features: Other (See Remarks)
Exterior: Building Sign; Sidewalk(s)
Fencing: Other
Parking Features: Other
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Special: Court Approval Required
Source of Fincl Data: Other (See Remarks)
Road Surface Type: Asphalt
Environmental: None
Contract Info
Current Price: $5,100,000
Sold Price: $5,100,000
Status: Closed
List Date: 2021-08-20
Ownership: Leasehold
Location Tax Legal
Map Code/Grid: P34
House Number: 3550
Compass: N
Street Name: Central
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85012
County Code: Maricopa
Subdivision: LANE SUB
Assessor Number: 118-32-028-A
Tax Year: 2020
General Property Description
Ttl Apx SqFt Bldg: 284709
# of Buildings: 1
Year Built: 1958
Zoning: PUD
Remarks Misc
Cross Street: N Central Ave. & W Osborn Rd.
Geo Lat: 33.489455
Geo Lon: -112.074587
Status Change Info
Off Market Date: 2021-12-10
Under Contract Date: 2021-10-07
Close of Escrow Date: 2022-01-06
Sold Price: $5,100,000
Legal Info
Township: 2N
Range: 3E
Section: 29
Lot Number: 10
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $