18409 N CAVE CREEK Road, Phoenix, AZ 85032
$4,850,000
Property Type:
Comm/Industry Sale
Square Footage:
19,818
Lot Size (sq. ft.):
94,090
Status:
Closed
Current Price:
$4,850,000
List Date:
1/25/2022
Last Modified:
8/05/2025
Description
Investors Opportunity. Here's a great investment opportunity for you or your investors. This rare 6.5% Cap Rate is in a desirable and great exposure area and a very busy center that's very convenient to the 101 Frwy. Residential area consists of 19,637 residents with in 1 Mile, 138,719 with in 3 miles and 496,314 with in 15 min drive. Great tenants with upside potential. Owner to guarantee rent paid for each month in default for the first year IF tenants defaults.
More Information MLS# 6346436
Contract Info
Ownership: Fee Simple
Current Price: $4,850,000
Sold Price: $4,850,000
Status: Closed
List Date: 2022-01-25
Location, Tax & Legal
Assessor's Map #: 6
Legal Description (Abbrev): POR OF LOT 1 PEPPER RIDGE PLAZA 2 MCR 457-31 DAF BEG AT WLY MOST NW COR SD LOT 1 TH E 38.96F TH N 37
Assessor's Parcel #: 678
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 619500
Taxes: 643
Legal: POR OF LOT 1 PEPPER RIDGE PLAZA 2 MCR 457-31 DAF BEG AT WLY MOST NW COR SD LOT 1 TH E 38.96F TH N 37
Map Code/Grid: K35
House Number: 18409
Compass: N
Street Name: CAVE CREEK
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 1018
County Code: Maricopa
Subdivision: PEPPER RIDGE PLAZA 2
Assessor Number: 214-06-678-B
Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 19818
# of Buildings: 2
Uncvrd Parking Spcs: 300
Year Built: 1998
Zoning: C-2
Legal Info
Range: 3E
Section: 35
Township: 4N
Lot Number: 1
Construction
Block: 1
Roofing
Foam: 1
Other: 1
Floors
Concrete: 1
Ceramic Tile: 1
Other: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Business Type
Retail: 1
Stories
1 Story: 1
Pmt & Rate Info
Equity: 4900000
Total Owed: 0
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Other: 1
Cooling
Central Air: 1
Loading Facilities
Other (See Remarks): 1
Interior
Finished: 1
Security System: 1
Security Light(s): 1
Security Camera(s): 1
Alarm System: 1
Private Restrooms: 1
Exterior
Corner Lot: 1
Building Sign: 1
Monument Sign: 1
Security Light(s): 1
Security Camera(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
25,001 to 35,000: 1
35,001 to 50,000: 1
50,001 to 75,000: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Freeway/Highway
Up to 1 Mile: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
New Financing
Other (See Remarks): 1
Special
Accepting Back-Ups: 1
Reports/Disclosures
None: 1
Environmental
Other (See Remarks): 1
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Cave Creek Rd and Union Hills
Directions: Cave Creek Rd and 101 Frwy. South on Cave Creek from 101 Frwy to Union Hills. Property on Southeast corner of Cave Creek and Union Hills. Albertson's Shopping Anchored..
Geo Lat: 33.653099
Geo Lon: -112.03035
Status Change Info
Off Market Date: 2022-09-07
Under Contract Date: 2022-08-08
Close of Escrow Date: 2022-09-07
Sold Price: $4,850,000
Property Features
Building Type: Commercial
Business Type: Retail
Stories: 1 Story
Construction: Block
Roofing: Foam; Other
Floors: Concrete; Ceramic Tile; Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Other
Cooling: Central Air
Loading Facilities: Other (See Remarks)
Interior: Finished; Security System; Security Light(s); Security Camera(s); Alarm System; Private Restrooms
Exterior: Corner Lot; Building Sign; Monument Sign; Security Light(s); Security Camera(s)
Fencing: Block
Parking Features: Free; Paved
Electric: APS
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Other (See Remarks)
Lockbox Type: None
Special: Accepting Back-Ups
Source of Fincl Data: Owner
Traffic Count: 25,001 to 35,000; 35,001 to 50,000; 50,001 to 75,000
Environmental: Other (See Remarks)
Listing Office: RE/MAX Fine Properties
Last Updated: August - 05 - 2025
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