1301 E MCDOWELL Road, Phoenix, AZ 85006
$3,100,000
Property Type: Comm/Industry Sale Square Footage: 28,834 Lot Size (sq. ft.): 53,218 Status: Closed
Current Price: $3,100,000 List Date: 1/15/2020 Last Modified: 1/21/2025
Description
• Multi-Tenant Medical/Office Building
• Brand New Monument Signage
• Ample Parking of 4.00/1,000 with additional street parking
• 3-story parking structure with ample covered parking
• Value creation through Opportunity Zone benefits, re-position/lease-up, rising rates in a growing area
• Less than 1/2 mile from North 7th St and I-10 full diamond interchange
• Bus stop out front and less than 2 miles from the light rail
More Information MLS# 5864372
Contract Info
Ownership: Other (See Remarks) Current Price: $3,100,000 Sold Price: $3,100,000 Status: Closed List Date: 2019-01-07
Location, Tax & Legal
Assessor's Map #: 22 Legal Description (Abbrev): LOT 1 BLOCK 2 BURROUGHS MCR 000718 Assessor's Parcel #: 25 Assessor Parcel Ltr: A Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 113203 Taxes: 76813 Legal: LOT 1 BLOCK 2 BURROUGHS MCR 000718 Map Code/Grid: P34 House Number: 1301 Compass: E Street Name: MCDOWELL St Suffix: Road City/Town Code: Phoenix State/Province: AZ Zip Code: 85006 Zip4: 2605 County Code: Maricopa Subdivision: BURROUGHS Assessor Number: 116-22-025-A Tax Year: 2017
General Property Description
Ttl Apx SqFt Bldg: 28834 # of Buildings: 1 Uncvrd Parking Spcs: 47 Year Built: 1986 Zoning: C-2
Legal Info
Range: 3E Section: 4 Township: 1N Lot Number: 1
Construction
Other: 1
Roofing
Other: 1
Floors
Other: 1
Income & Expenses
Annual Elec Exp: 0 Annual Gas Exp: 0 Annual Ins Exp: 0 Annual Land Lse Exp: 0 Annual Landscape Exp: 0 Annual Legal & Acctg: 0 Annual Maint Exp: 0 Annual Mgmt Exp: 0 Annual Trash Exp: 0 Annual Wtr/Swr Exp: 0 Owner Association: No Annual Ownr Asoc Fee: 0 Annual PAD Fee: 0 Annual Rplcmnt Rsrvs: 0 Annual Other Expense: 0 Operating Exp: 76813 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0
Building Type
Office: 1
Business Type
Dental: 1 Medical: 1 Professional/Office: 1
Stories
2 Stories: 1
Pmt & Rate Info
Down Payment: 0 Equity: 4200000 Total Owed: 0 Assessment Balance: 0
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Other: 1 See Remarks: 1
Cooling
Other: 1 See Remarks: 1
Interior Features
Other (See Remarks): 1
Loading Facilities
Other (See Remarks): 1
Source of Fincl Data
Other (See Remarks): 1
Fencing
Other: 1 See Remarks: 1
Water Source
Other: 1 See Remarks: 1
Sewer
Other: 1
Parking Features
Parking Structure: 1 Paved: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
New Financing
Other (See Remarks): 1
Existing 1st Loan
Other (See Rmks): 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Other (See Remarks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Other (See Remarks): 1
Existing Othr Ln Trm
Not Applicable: 1
Sold Info
Loan Type: Cash Payment Type: Other Clsing Cost Split: Normal - N Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $
Remarks Misc
Cross Street: E McDowell Rd & N 13th St Geo Lat: 33.465266 Geo Lon: -112.05386
Status Change Info
Off Market Date: 2020-01-15 Under Contract Date: 2020-01-14 Close of Escrow Date: 2020-02-28 Sold Price: $3,100,000
Property Features
Building Type: Office Business Type: Dental; Medical; Professional/Office Stories: 2 Stories Construction: Other Roofing: Other Floors: Other Ceiling Height: 8.1 Feet to 10 Feet Heating: Other; See Remarks Cooling: Other; See Remarks Loading Facilities: Other (See Remarks) Interior Features: Other (See Remarks) Fencing: Other; See Remarks Parking Features: Parking Structure; Paved Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: Other; See Remarks Sewer: Other New Financing: Other (See Remarks) Lockbox Type: None Source of Fincl Data: Other (See Remarks) Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Environmental: Other (See Remarks)
Listing Office: The Menlo Group Commercial Real Estate
Last Updated: January - 21 - 2025
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