2601 N 3RD Street, Phoenix, AZ 85004
$4,150,000
Property Type:
Comm/Industry Sale
Square Footage:
44,309
Lot Size (sq. ft.):
16,335
Status:
Closed
Current Price:
$4,150,000
List Date:
11/23/2018
Last Modified:
1/14/2025
Description
Premier 40,000 square foot building 100% occupied/rented with over 50% medical tenants. Strong tenant base The building with 31 stable paying tenants that occupy the building.
Two separate outer staircases and one elevator that go from the basement garage to the third floor.
The convenient location allows easy access to 7 majors hospitals within a 4 mile, less than 2 miles from both the I-10 and 51 freeway and ¼ of a mile from the light rail. The vibrant atmosphere in the area created by the re-gentrification has created fine dining establishments, hip bars, café's and newly built multi-family dwellings catering to a fun work-play environment.
More Information MLS# 5811145
Contract Info
Current Price: $4,150,000
Sold Price: $4,150,000
Status: Closed
List Date: 2018-08-24
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: P34
House Number: 2601
Compass: N
Street Name: 3RD
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85004
Zip4: 1142
Country: USA
County Code: Maricopa
Subdivision: NORTH BALTIMORE HTS
Assessor Number: 118-45-016
Tax Year: 2017
General Property Description
Ttl Apx SqFt Bldg: 44309
# of Buildings: 1
Year Built: 1987
Uncvrd Parking Spcs: 42
Zoning: R-5 COM
Remarks Misc
Cross Street: VIRGINIA & 3RD STREET
Directions: 3RD STREET AND VIRGINIA, SOUTH OF THOMAS RD.
Geo Lat: 33.47686
Geo Lon: -112.069099
Status Change Info
Status Change Date: 2018-12-15
Off Market Date: 2018-12-15
Under Contract Date: 2018-09-25
Close of Escrow Date: 2018-12-14
Sold Price: $4,150,000
Legal Info
Township: 2N
Range: 3E
Section: 32
Lot Number: 4
Income Expenses
Gross Annual Sch Inc: 559657
Net Operating Income: 302453
Sold Info
Loan Type: Conventional
Loan Years: 20
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 100000
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office
Current Use: Service Business; Medical/Dental; Office
Stories: 3 - 4 Stories
Construction: Stucco; Metal
Roofing: Built-Up; Foam
Floors: Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump; 2 or More Units; Other; See Remarks
Cooling: Central A/C; Office A/C; Chiller System
Loading Facilities: None
Interior: Finished
Exterior: Corner Lot; Landscaping; Building Sign; Monument Sign
Fencing: Block
Amenities: Public Elevator(s)
Parking: Fenced; Free
Electric: APS
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public; Sewer - Private
New Financing: Cash Only; 1031 Exchange
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Traffic Count: Over 200,000
Environmental: None
Documents
OFFERING MEMORANDUM ›Listing Office: Grand Canyon Realty
Last Updated: January - 14 - 2025
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.