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

18409 N CAVE CREEK Road, Phoenix, AZ 85032

$4,850,000

Property Type: Comm/Industry Sale Square Footage: 19,818 Lot Size (sq. ft.): 94,090 Status: Closed

Current Price: $4,850,000 List Date: 1/25/2022 Last Modified: 8/05/2025

Overview

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.

Listing Details MLS# 6346436

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
Assessor's Map #: 6
Legal Description (Abbrev): POR OF LOT 1 PEPPER RIDGE PLAZA 2 MCR 457-31 DAF BEG AT WLY MOST NW COR SD LOT 1 TH E 38.96F TH N 37
Assessor's Parcel #: 678
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 619500
Taxes: 643
Legal: POR OF LOT 1 PEPPER RIDGE PLAZA 2 MCR 457-31 DAF BEG AT WLY MOST NW COR SD LOT 1 TH E 38.96F TH N 37

Contract Info

Ownership: Fee Simple

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..

Status Change Info

Off Market Date: 2022-09-07
Under Contract Date: 2022-08-08
Close of Escrow Date: 2022-09-07

Legal Info

Township: 4N
Range: 3E
Section: 35
Lot Number: Yes

More Information

Sold Info

Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Block: Yes

Roofing

Foam: Yes
Other: Yes

Floors

Concrete: Yes
Ceramic Tile: Yes
Other: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes

Business Type

Retail: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Equity: 4900000
Total Owed: 0

Lockbox Type

None: Yes

Ceiling Height

8.1 Feet to 10 Feet: Yes

Heating

Other: Yes

Cooling

Central Air: Yes

Interior Features

Finished: Yes
Security System: Yes
Security Light(s): Yes
Security Camera(s): Yes
Alarm System: Yes
Private Restrooms: Yes

Loading Facilities

Other (See Remarks): Yes

Exterior

Corner Lot: Yes
Building Sign: Yes
Monument Sign: Yes
Security Light(s): Yes
Security Camera(s): Yes

Source of Fincl Data

Owner: Yes

Traffic Count

25,001 to 35,000: Yes
35,001 to 50,000: Yes
50,001 to 75,000: Yes

Fencing

Block: Yes

Water Source

City Franchise: Yes

Freeway/Highway

Up to 1 Mile: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
Paved: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

New Financing

Other (See Remarks): Yes

Special

Accepting Back-Ups: Yes

Reports/Disclosures

None: Yes

Environmental

Other (See Remarks): Yes

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)

Listing Office: RE/MAX Fine Properties

Last Updated: August - 05 - 2025