7373 E SCOTTSDALE Mall, Scottsdale, AZ 85251
$1,200
Property Type: Comm/Industry Sale Square Footage: 23,210 Lot Size (sq. ft.): 19,988 Status: Closed
Current Price: $1,200 List Date: 1/21/2011 Last Modified: 5/23/2020
Overview
Description
Mixed use building in a popular downtown Scottsdale location, adjacent to the Scottsdale Center for the Performing Arts. 100% occupied with 89% of the leased space to tenants for over 10 years. 84% of leased space has more than 3 years left on the leases. Owner completed over $570,000 in improvements in the last couple years. Free parking in adjacent city parking garage and city parking lot.
Listing Details MLS# 4525063
Location, Tax & Legal
- Map Code/Grid
- P37
- House Number
- 7373
- Compass
- E
- Street Name
- SCOTTSDALE
- St Suffix
- Mall
- City/Town Code
- Scottsdale
- State/Province
- AZ
- Zip Code
- 85251
- Zip4
- 4425
- County Code
- Maricopa
- Subdivision
- Scottsdale Mall
- Assessor Number
- 130-23-211-A
- Tax Year
- 2010
- Assessor's Map #
- 23
- Legal Description (Abbrev)
- SCOTTSDALE MALL
- Assessor's Parcel #
- 211
- Assessor Parcel Ltr
- A
- Add'l Parcels
- No
- Tax Municipality
- Maricopa - COUNTY
- Census Tract
- 217201
- Taxes
- 36003
- Legal
- SCOTTSDALE MALL MCR 170-2 LOT F N2
Contract Info
- Ownership
- Fee Simple
General Property Description
- Type of Property
- Mixed Use Commercial
- Ttl Apx SqFt Bldg
- 23210
- Ttl Apx Net Rnt Spc
- 21512
- # of Buildings
- Yes
- Year Built
- 1976
- Zoning
- C-2
- Uncvrd Parking Spcs
- 0
Remarks Misc
- Cross Street
- Scottsdale Road and 2nd Street
- Directions
- East on 2nd Street from Scottsdale Road, left (North) on Wells Fargo Ave. to parking garage.
Status Change Info
- Off Market Date
- 2011-10-23
- Under Contract Date
- 2011-10-21
- Close of Escrow Date
- 2011-10-21
Legal Info
- Township
- 2N
- Range
- 4E
- Section
- 26
- Lot Number
- F
More Information
Income Expenses
- Gross Annual Sch Inc
- 496891
- Net Operating Income
- 262682
Contact Info
- List Agent Home Phn
- 480-899-6207
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
- Stucco
- Yes
Roofing
- Other
- Yes
Floors
- Concrete
- Yes
Income & Expenses
- Annual Elec Exp
- 84450
- Annual Gas Exp
- 22117
- Annual Ins Exp
- 3751
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 600
- Annual Legal & Acctg
- 400
- Annual Maint Exp
- 48450
- Annual Mgmt Exp
- 14420
- Annual Trash Exp
- 7320
- Annual Wtr/Swr Exp
- 17810
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 235321
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 496891
Building Type
- Commercial
- Yes
- Office
- Yes
Business Type
- Mixed
- Yes
- Restaurant
- Yes
- Professional/Office
- Yes
- Retail
- Yes
- Bar/Tavern/Lounge
- Yes
Stories
- 2 Stories
- Yes
Pmt & Rate Info
- Cap Rate
- 5.97
- Down Payment
- 0
- Equity
- 4400000
- Total Owed
- 0
- Assessment Balance
- 0
Ceiling Height
- 8.1 Feet to 10 Feet
- Yes
- 10.1 Feet to 12 Feet
- Yes
Heating
- Electric
- Yes
- Natural Gas
- Yes
Cooling
- Central Air
- Yes
- Chiller System
- Yes
Interior Features
- Finished
- Yes
- Security Light(s)
- Yes
- Private Restrooms
- Yes
Loading Facilities
- Grade Level
- Yes
Exterior
- Landscaping
- Yes
- Curb(s) & Gutter(s)
- Yes
- Building Sign
- Yes
- Sidewalk(s)
- Yes
- Monument Sign
- Yes
Source of Fincl Data
- Accountant
- Yes
- Projected Proforma
- Yes
Traffic Count
- Other (See Remarks)
- Yes
Fencing
- Other
- Yes
- See Remarks
- Yes
Water Source
- Other
- Yes
- See Remarks
- Yes
Freeway/Highway
- 2.1 - 5 Miles
- Yes
Building Features
- Public Elevator(s)
- Yes
Sewer
- Sewer - Public
- Yes
Railroad
- Other (See Remarks)
- Yes
Parking Features
- Free
- Yes
- Parking Lot
- Yes
Electric
- Individual Meter
- Yes
Gas
- Other (See Remarks)
- Yes
New Financing
- Owner May Carry
- Yes
- 1031 Exchange
- Yes
Existing 1st Loan
- Private
- Yes
Existing 1st Loan Type
- Fixed
- Yes
Existing 1st Loan Terms
- Assume-Qualify
- 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
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Property Features
Building Type: Commercial; Office Business Type: Mixed; Restaurant; Professional/Office; Retail; Bar/Tavern/Lounge Stories: 2 Stories Construction: Stucco Roofing: Other Floors: Concrete Ceiling Height: 8.1 Feet to 10 Feet; 10.1 Feet to 12 Feet Heating: Natural Gas Cooling: Central Air; Chiller System Loading Facilities: Grade Level Interior Features: Finished; Security Light(s); Private Restrooms Exterior: Landscaping; Curb(s) & Gutter(s); Building Sign; Sidewalk(s); Monument Sign Fencing: Other; See Remarks Building Features: Public Elevator(s) Parking Features: Free; Parking Lot Electric: Individual Meter Gas: Other (See Remarks) Water Source: Other; See Remarks Sewer: Sewer - Public Railroad: Other (See Remarks) New Financing: Owner May Carry; 1031 Exchange Source of Fincl Data: Accountant; Projected Proforma Existing 1st Loan: Private Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Assume-Qualify 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 Traffic Count: Other (See Remarks) Environmental: None
Listing Office: Touchstone Realty, LLC
Last Updated: May - 23 - 2020
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