7900 E GREENWAY Road, Scottsdale, AZ 85260 (MLS# 5986666)

7900 E GREENWAY Road, Scottsdale, AZ 85260

$4,675,000
Property Type: Comm/Industry Sale Square Footage: 29,000 Lot Size (sq. ft.): 65,340 Status: Closed
Current Price: $4,675,000 List Date: 10/03/2019 Last Modified: 8/06/2021

Overview

Description

COMPLETELY RENOVATED BUILDING - FOR SALE - Great Investment - Perfect 1031 Exchange Opportunity in the Heart of the Scottsdale Airpark Parcel #'s 215-47-006 and 215-47-007 - ± 29,000 SF Total - (± 16,002 SF Multi-Tenant Office/Warehouse) (± 12,998 SF Multi-Tenant Office) - This property boasts an assortment of high demand small office suites ranging from ±300 to ±2,176 SF and Office/Warehouse suites from ±1,661 to ±4,137 SF. Walking Distance from the prestigious Scottsdale Quarter, Westin Kierland Resort and Spa, Kierland Commons and the Promenade as well as other premier retail & restaurants. Contact Brokers for additional info regarding the Rent Roll.

Supplements: The information contained in this Offering Memorandum is highly confidential, furnished solely for the purpose of review by a prospective purchaser of the Property and is not to be used for any other purpose or made available to any other person without the express written consent of the owner of the Property ("Owner") and Cutler Commercial. No war ...

Listing Details MLS# 5986666

Location, Tax & Legal

Map Code/Grid
L37
House Number
7900
Compass
E
Street Name
GREENWAY
St Suffix
Road
City/Town Code
Scottsdale
State/Province
AZ
Zip Code
85260
Zip4
1714
County Code
Maricopa
Subdivision
7900 EAST GREENWAY ROAD CONDO P/F 87-465449/NO PLA
Assessor Number
215-47-006
Tax Year
2019
Assessor's Map #
47
Legal Description (Abbrev)
LOT 100 7900 EAST GREENWAY ROAD CONDO P/F 87-465449/NO PLA MCR 000050
Assessor's Parcel #
6
Add'l Parcels
Yes
Tax Municipality
Maricopa - COUNTY
Census Tract
216816
Taxes
15561
Legal
LOT 100 7900 EAST GREENWAY ROAD CONDO P/F 87-465449/NO PLA MCR 000050

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
29000
Ttl Apx Net Rnt Spc
29000
# of Buildings
Yes
Year Built
1982
Uncvrd Parking Spcs
95
Zoning
I-1, Scottsdale

Remarks Misc

Directions
7900 East Greenway Road is centrally located with easy access to the Loop 101

Status Change Info

Off Market Date
2020-11-03
Under Contract Date
2020-09-23
Close of Escrow Date
2020-10-29

Legal Info

Township
3N
Range
4E
Section
2
Lot Number
100

More Information

Income Expenses

Net Operating Income
309890

Sold Info

Loan Type
Other
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
15561
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Commercial
Yes
Industrial
Yes

Business Type

Other
Yes
See Remarks
Yes

Stories

2 Stories
Yes

Pmt & Rate Info

Cap Rate
6.4
Down Payment
0
Equity
4842000
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Ceiling Height

16.1 Feet to 28 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

Exterior

Sidewalk(s)
Yes
Other (See Remarks)
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Traffic Count

Other (See Remarks)
Yes

Fencing

Other
Yes
See Remarks
Yes

Water Source

Other
Yes
See Remarks
Yes

Freeway/Highway

Other (See Remarks)
Yes

Building Features

Other (See Remarks)
Yes

Sewer

Other
Yes

Railroad

Other (See Remarks)
Yes

Parking Features

Other
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

Use Restrictions

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: Commercial; Industrial Business Type: Other; See Remarks Stories: 2 Stories Construction: Other Roofing: Other Floors: Other Ceiling Height: 16.1 Feet to 28 Feet Heating: Other; See Remarks Cooling: Other; See Remarks Loading Facilities: Other (See Remarks) Interior Features: Other (See Remarks) Exterior: Sidewalk(s); Other (See Remarks) Fencing: Other; See Remarks Building Features: Other (See Remarks) Parking Features: Other Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: Other; See Remarks Sewer: Other Railroad: Other (See Remarks) New Financing: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call 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 Traffic Count: Other (See Remarks) Use Restrictions: Other (See Remarks) Environmental: Other (See Remarks)
Listing Office: Cutler Commercial
IDX
Last Updated: August - 06 - 2021
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