14988 N 78TH Way, Scottsdale, AZ 85260
$9,600,000
Property Type: Comm/Industry Sale Square Footage: 98,930 Lot Size (sq. ft.): 222,000 Status: Closed
Current Price: $9,600,000 List Date: 2/03/2012 Last Modified: 8/06/2021
Description
Office complex with 2 buildings; 2 floors within the office complex areas and hangar space! 40% Office 60% Airplane Hangar. Hanger is 90% leased and office is 100% leased. Hangar space is available for any type of aircraft permitted to land in Scottsdale Airpark. Parking: 3.4:1,000 SF. Highly educated labor pool. Call for Offering Memorandum. LOCATED ON THE RUNWAY AT THE SCOTTSDALE AIRPARK. Numerous retail, restaurant and service amenities nearby. One mile to Loop 101 (Pima Freeway). Close to Kierland, Scottsdale Towne Center and Sonora Village. (REF GPE3480)
More Information MLS# 4711362
Contract Info
Ownership: Fee Simple Current Price: $9,600,000 Sold Price: $9,600,000 Status: Closed List Date: 2012-02-03
Location, Tax & Legal
Assessor's Map #: 55 Assessor's Parcel #: 37 Add'l Parcels: Yes Tax Municipality: Scottsdale Taxes: 178548 Legal: SCOTTSDALE INDUSTRIAL AIRPARK NO 7 MCR 234-27 Marketing Name: SW JET CORPORATE CENTER Map Code/Grid: L37 House Number: 14988 Compass: N Street Name: 78TH St Suffix: Way City/Town Code: Scottsdale State/Province: AZ Zip Code: 85260 County Code: Maricopa Subdivision: Scottsdale Industrial Airpark Assessor Number: 215-55-037 Tax Year: 2011
General Property Description
Type of Property: Office/Hangar Ttl Apx SqFt Bldg: 98930 Ttl Apx Net Rnt Spc: 98930 # of Buildings: 2 Uncvrd Parking Spcs: 258 Year Built: 1996 Zoning: I-1
Construction
Block: 1 Tilt-Up: 1 Metal: 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: 178548 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0
Building Type
Commercial: 1 Office: 1 Other (See Remarks): 1
Business Type
Professional/Office: 1 Other: 1 See Remarks: 1
Stories
2 Stories: 1
Pmt & Rate Info
Down Payment: 0 Equity: 11490000 Total Owed: 0 Assessment Balance: 0
Ceiling Height
8.1 Feet to 10 Feet: 1 16.1 Feet to 28 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1 Other: 1 See Remarks: 1
Interior Features
Finished: 1
Loading Facilities
Drive-in Door(s): 1
Exterior
Landscaping: 1
Source of Fincl Data
Owner: 1
Fencing
Partial: 1
Water Source
City Franchise: 1
Building Features
Other (See Remarks): 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1 Private: 1 Paved: 1
Electric
APS: 1
Gas
Other (See Remarks): 1
New Financing
Cash Only: 1 Cash to Loan: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 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: 2.5 Buyer Concession $/%: % Seller Concession to Buyer: 2.5 Seller Concession $/%: %
Remarks Misc
Cross Street: N. 78th Way & E. Raintree Drive Directions: Loop 101 (Pima Freeway) to E. Raintree Drive west. North on N. Hayden Road. West on E. Pine Valley Road to N. 78th Way. Geo Lat: 33.62182 Geo Lon: -111.909019
Status Change Info
Off Market Date: 2012-12-13 Under Contract Date: 2012-06-01 Close of Escrow Date: 2012-12-12 Sold Price: $9,600,000
Legal Info
Lot Number: 1
Property Features
Building Type: Commercial; Office; Other (See Remarks) Business Type: Professional/Office; Other; See Remarks Stories: 2 Stories Construction: Block; Tilt-Up; Metal Roofing: Other Floors: Other Ceiling Height: 8.1 Feet to 10 Feet; 16.1 Feet to 28 Feet Cooling: Central Air; Other; See Remarks Loading Facilities: Drive-in Door(s) Interior Features: Finished Exterior: Landscaping Fencing: Partial Building Features: Other (See Remarks) Parking Features: Free; Private; Paved Electric: APS Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable 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 Environmental: Other (See Remarks)
Listing Office: Avison Young
Last Updated: August - 06 - 2021
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