2402 S Central Avenue, Phoenix, AZ 85004
$4,100,000
Property Type:
Comm/Industry Sale
Square Footage:
21,598
Lot Size (sq. ft.):
57,499
Status:
Active
Current Price:
$4,100,000
List Date:
11/21/2024
Last Modified:
11/22/2024
Description
Sale Price: $4,100,000 ($189.83/PSF) | Cap Rate: ±5.95%
NOI: ± $ 244,223
Stabilized Two Tenant Investment with Long Term Leases
Building Size: ±21,598 Sf
Multi-Tenant Property Potentially Divisible to 6-8 Bays
2 Tenants in Place: Tenant 1: ±12,324 Sf Tenant 2: ±9,274 SF
Shared Fenced And Secured Yard
Located Next to the New Light Rail, I-17, Us 60 & I-10
Many Recent Upgrades & Interior/Exterior Improvements
Including: New Asphalt, Paint, Roof Recoating, Tenant Improvements
More Information MLS# 6786672
Contract Info
Current Price: $4,100,000
List Price: $4,100,000
Status: Active
List Date: 2024-11-21
Ownership: Fee Simple
Location Tax Legal
House Number: 2402
Compass: S
Street Name: Central
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85004
Zip4: 1100
Country: USA
County Code: Maricopa
Subdivision: ALKIRE TRACT LOTS 8-17
Assessor Number: 112-46-009
Tax Year: 2024
General Property Description
Type of Property: INDUSTRIAL
Ttl Apx SqFt Bldg: 21598
# of Buildings: 1
Year Built: 1983
Zoning: C-3
Remarks Misc
Geo Lat: 33.425271
Geo Lon: -112.074843
Status Change Info
Status Change Date: 2024-11-21
Legal Info
Township: 1S
Range: 5E
Section: 17
Lot Number: 14
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Building Type: Industrial; Office
Current Use: Other
Stories: 1 Story
Construction: Other (See Remarks)
Roofing: Other (See Remarks)
Floors: Other
Ceiling Height: 14.1 Feet to 16 Feet
Heating: Other
Cooling: Other
Loading Facilities: Other (See Remarks)
Interior: Other (See Remarks)
Exterior: Storage Yard
Fencing: Other
Amenities: Other (See Remarks)
Parking: Other (See Remarks)
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water: Other
Sewer: Other (See Remarks)
Railroad: Other (See Remarks)
New Financing: Other (See Remarks)
Lockbox Type: Other
Source of Fincl Data: Other (See Remarks)
Existing 1st Loan: Other (See Rmks)
Existing 3rd Loan: Other (See Remarks)
Traffic Count: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: Cutler Commercial
Last Updated: November - 22 - 2024
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