261 E UNIVERSITY Drive, Phoenix, AZ 85004
$5,287,500
Property Type: Comm/Industry Sale Square Footage: 45,907 Lot Size (sq. ft.): 151,094 Status: Closed
Current Price: $5,287,500 List Date: 8/20/2024 Last Modified: 7/31/2025
Overview
Description
BACK ON THE MARKET 2/26/24 - Great location just south of downtown Phoenix ** Former manufacturing facility with lots of power (2,000 amp PLUS 1,200 amp) ** Eight dock high doors and three grade level roll-ups (two 12 ft and one 14 ft) ** Small office/kitchenette ** Storage shed plus two covered sheds **
Listing Details MLS# 6636923
Location, Tax & Legal
- House Number
- 261
- Compass
- E
- Street Name
- UNIVERSITY
- St Suffix
- Drive
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85004
- Zip4
- 2921
- County Code
- Maricopa
- Subdivision
- TRENDWOOD INCORPORATED
- Assessor Number
- 112-42-217
- Tax Year
- 2023
- Assessor's Map #
- 42
- Legal Description (Abbrev)
- LOT 1 TRENDWOOD INCORPORATED MCR 098607
- Assessor's Parcel #
- 217
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Census Tract
- 114900
- Taxes
- 34382
- Legal
- LOT 1 TRENDWOOD INCORPORATED MCR 098607
- Marketing Name
- Trentwood
Contract Info
- Ownership
- Fee Simple
General Property Description
- Type of Property
- Commercial Warehouse
- Ttl Apx SqFt Bldg
- 45907
- # of Buildings
- 4
- Lot Size Dimensions
- irregular
- Year Built
- 1979
- Zoning
- L-1, A-1
- Flood Zone
- No
- Uncvrd Parking Spcs
- 0
Remarks Misc
- Cross Street
- 7th Street and University
- Directions
- From 7th Street and University, west to property
Status Change Info
- Off Market Date
- 2024-08-20
- Under Contract Date
- 2024-06-17
- Close of Escrow Date
- 2024-09-17
Legal Info
- Township
- 1N
- Range
- 3E
- Section
- 17
- Lot Number
- Yes
More Information
Bay Info
- # of Bays
- 8
Showing Notification Methods
- Showing Service
- No Showing Service Used
- Text
- Yes
- Phone Call
- Yes
Sold Info
- Loan Type
- Other
- Loan Years
- 25
- Payment Type
- Fixed
- Clsing Cost Split
- Seller Assist - A
- Buyer Concession $/%
- $
- Seller Concession to Buyer
- Yes
- Seller Concession $/%
- %
- Buyer Concession to Seller
- 0
Construction
- Metal
- Yes
Roofing
- Rolled
- Yes
Floors
- Concrete
- Yes
Income & Expenses
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Operating Exp
- 34382
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 0
Building Type
- Commercial
- Yes
- Manufacturing
- Yes
- Distribution/Warehouse
- Yes
Business Type
- Other
- Yes
Stories
- 1 Story
- Yes
Pmt & Rate Info
- Down Payment
- 0
- Equity
- 7500000
- Total Owed
- 0
Lockbox Type
- None
- Yes
Ceiling Height
- 10.1 Feet to 12 Feet
- Yes
- 14.1 Feet to 16 Feet
- Yes
Heating
- Other
- Yes
Cooling
- Window/Wall Unit
- Yes
- Office Evap
- Yes
Interior Features
- Other (See Remarks)
- Yes
Loading Facilities
- Dock High
- Yes
- Grade Level
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Other (See Remarks)
- Yes
Fencing
- Chain Link
- Yes
Water Source
- City Franchise
- Yes
Building Features
- Other (See Remarks)
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Private
- Yes
Electric
- APS
- Yes
Gas
- None
- Yes
New Financing
- Cash Only
- Yes
- Cash to Loan
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Environmental
- None
- Yes
Property Features
Building Type: Commercial; Manufacturing; Distribution/Warehouse Business Type: Other Stories: 1 Story Construction: Metal Roofing: Rolled Floors: Concrete Ceiling Height: 10.1 Feet to 12 Feet; 14.1 Feet to 16 Feet Heating: Other Cooling: Window/Wall Unit; Office Evap Loading Facilities: Dock High; Grade Level Interior Features: Other (See Remarks) Fencing: Chain Link Building Features: Other (See Remarks) Parking Features: Private Electric: APS Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan Showing Notification Methods: Text; Phone Call Lockbox Type: None Source of Fincl Data: Other (See Remarks) Existing 1st Loan: Treat as Free&Clear Existing 2nd Loan: Treat as Free&Clear Existing 3rd Loan: Treat as Free&Clear Road Surface Type: Asphalt Environmental: None
Listing Office: AZ Brokerage Holdings, LLC
Last Updated: July - 31 - 2025
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