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
Overview
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
Listing Details MLS# 5864372
Location, Tax & Legal
- 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
- 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
Contract Info
- Ownership
- Other (See Remarks)
General Property Description
- Ttl Apx SqFt Bldg
- 28834
- # of Buildings
- Yes
- Year Built
- 1986
- Uncvrd Parking Spcs
- 47
- Zoning
- C-2
Remarks Misc
- Cross Street
- E McDowell Rd & N 13th St
Status Change Info
- Off Market Date
- 2020-01-15
- Under Contract Date
- 2020-01-14
- Close of Escrow Date
- 2020-02-28
Legal Info
- Township
- 1N
- Range
- 3E
- Section
- 4
- Lot Number
- Yes
More Information
Sold Info
- Loan Type
- Cash
- Payment Type
- Other
- Clsing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Construction
- Other
- Yes
Roofing
- Other
- Yes
Floors
- Other
- Yes
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
- Yes
Business Type
- Dental
- Yes
- Medical
- Yes
- Professional/Office
- Yes
Stories
- 2 Stories
- Yes
Pmt & Rate Info
- Down Payment
- 0
- Equity
- 4200000
- Total Owed
- 0
- Assessment Balance
- 0
Lockbox Type
- None
- Yes
Ceiling Height
- 8.1 Feet to 10 Feet
- Yes
Heating
- Other
- Yes
- See Remarks
- Yes
Cooling
- Other
- Yes
- See Remarks
- Yes
Interior Features
- Other (See Remarks)
- Yes
Loading Facilities
- Other (See Remarks)
- Yes
Source of Fincl Data
- Other (See Remarks)
- Yes
Fencing
- Other
- Yes
- See Remarks
- Yes
Water Source
- Other
- Yes
- See Remarks
- Yes
Sewer
- Other
- Yes
Parking Features
- Parking Structure
- Yes
- Paved
- Yes
Electric
- Other (See Remarks)
- Yes
Gas
- Other (See Remarks)
- Yes
New Financing
- Other (See Remarks)
- Yes
Existing 1st Loan
- Other (See Rmks)
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Other (See Remarks)
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Other (See Remarks)
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- Other (See Remarks)
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- Other (See Remarks)
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
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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