261 E UNIVERSITY Drive, Phoenix, AZ 85004 (MLS# 6636923)

Contract Info

Ownership: Fee Simple

Current Price: $5,287,500

Sold Price: $5,287,500

Status: Closed

List Date: 2023-12-04

Location, Tax & Legal

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

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

General Property Description

Type of Property: Commercial Warehouse

Ttl Apx SqFt Bldg: 45907

# of Buildings: 4

Uncvrd Parking Spcs: 0

Lot Size Dimensions: irregular

Flood Zone: No

Year Built: 1979

Zoning: L-1, A-1

Legal Info

Range: 3E

Section: 17

Township: 1N

Lot Number: 1

Construction

Metal: 1

Roofing

Rolled: 1

Floors

Concrete: 1

Bay Info

# of Bays: 8

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: 1

Manufacturing: 1

Distribution/Warehouse: 1

Business Type

Other: 1

Stories

1 Story: 1

Pmt & Rate Info

Down Payment: 0

Equity: 7500000

Total Owed: 0

Showing Notification Methods

Showing Service: No Showing Service Used

Text: 1

Phone Call: 1

Lockbox Type

None: 1

Ceiling Height

10.1 Feet to 12 Feet: 1

14.1 Feet to 16 Feet: 1

Heating

Other: 1

Cooling

Window/Wall Unit: 1

Office Evap: 1

Interior Features

Other (See Remarks): 1

Loading Facilities

Dock High: 1

Grade Level: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Other (See Remarks): 1

Fencing

Chain Link: 1

Water Source

City Franchise: 1

Building Features

Other (See Remarks): 1

Sewer

Sewer - Public: 1

Parking Features

Private: 1

Electric

APS: 1

Gas

None: 1

New Financing

Cash Only: 1

Cash to Loan: 1

Existing 1st Loan

Treat as Free&Clear: 1

Existing 2nd Loan

Treat as Free&Clear: 1

Existing 3rd Loan

Treat as Free&Clear: 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Environmental

None: 1

Sold Info

Loan Type: Other

Loan Years: 25

Payment Type: Fixed

Clsing Cost Split: Seller Assist - A

Buyer Concession to Seller: 0

Buyer Concession $/%: $

Seller Concession to Buyer: 1

Seller Concession $/%: %

Remarks Misc

Cross Street: 7th Street and University

Directions: From 7th Street and University, west to property

Geo Lat: 33.423341

Geo Lon: -112.070031

Status Change Info

Off Market Date: 2024-08-20

Under Contract Date: 2024-06-17

Close of Escrow Date: 2024-09-17

Sold Price: $5,287,500

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

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