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
Loading Facilities
Drive-in Door(s): 1
Interior
Finished: 1
Exterior
Landscaping: 1
Source of Fincl Data
Owner: 1
Fencing
Partial: 1
Water Source
City Franchise: 1
Amenities
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 Ln Type
Not Applicable: 1
Existing 1st Ln Trms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Ln Type
Not Applicable: 1
Existing 2nd Ln Trms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Ln Type
Not Applicable: 1
Reports/Disclosures
Other (See Remarks): 1
Existing 3rd Ln Trms
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: Finished
Exterior: Landscaping
Fencing: Partial
Amenities: 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 Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: 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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