14040 N CAVE CREEK Road, Phoenix, AZ 85022

$4,500,000
Property Type: Comm/Industry Sale Square Footage: 47,397 Lot Size (sq. ft.): 114,519 Status: Closed
Current Price: $4,500,000 List Date: 3/06/2020 Last Modified: 1/21/2025

Overview

Description

C2 Fantastic Opportunity to own a 47,000sf+ property on nearly 3 acres! Only $116/sf and 92% occupied (occupancy increasing)! Occupied spaces have been nicely updated/remodeled! Suites features area with 18 executive offices as well as 19 salon suites area - higher return/sf $15.39 now! Property has undergone vast improvements and continues to do so; improvements already completed are roof, parking, LED lighting, programmable thermostats, new kitchens and more! Exterior paint in progress, new cooling tower (all stainless steel) has been ordered and installed this winter. Property is 3 stories and features gorgeous mountain views! Center atrium features large fountain/pond with a variety of koi fish. Conveniently located near 51 and 101 freeways! 10 Min to PV, Scottsdale, Desert Ridg

Listing Details MLS# 5861701

Location, Tax & Legal

Map Code/Grid
L35
House Number
14040
Compass
N
Street Name
CAVE CREEK
St Suffix
Road
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85022
Country
US
County Code
Maricopa
Assessor Number
214-51-004-E
Tax Year
2019

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
47397
# of Buildings
Yes
Year Built
1986
Uncvrd Parking Spcs
129
Zoning
C2

Remarks Misc

Cross Street
Cave Creek Road and Cactus
Directions
North of Cactus and Cave Creek Road, on West Side of Road

Status Change Info

Off Market Date
2020-03-06
Under Contract Date
2019-11-27
Close of Escrow Date
2020-03-15

Legal Info

Township
3N
Range
3E
Section
10

More Information

Income Expenses

Net Operating Income
471000

Contact Info

List Agent Home Phn
480-255-7327

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Building Type: Commercial; Office; Other (See Remarks) Business Type: Dental; Mixed; Medical; Professional/Office; Other; See Remarks Stories: 3 - 4 Stories Construction: Block; Metal; Other Roofing: Foam; Rolled Floors: Vinyl; Wood; Ceramic Tile; Carpet; Other Ceiling Height: 8 Feet or Less; 8.1 Feet to 10 Feet Heating: Heat Pump; Other; See Remarks Cooling: Office A/C; Chiller System; Other; See Remarks Loading Facilities: None Interior Features: Finished; Finished to Suit; Phone System; Private Restrooms; Public Restrooms Fencing: None Parking Features: Free; Parking Lot; Paved Electric: APS Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; 1031 Exchange; Trade; Lease Option; Lease Lockbox Type: None Special: Owner/Agent Source of Fincl Data: Projected Proforma Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Road Surface Type: Asphalt Traffic Count: 15,001 to 25,000 Environmental: None
IDX
Listing Office: Prestige Realty
Last Updated: January - 21 - 2025
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