4520 N CENTRAL Avenue, Phoenix, AZ 85012
$9,500,000
Property Type:
Comm/Industry Sale
Square Footage:
88,800
Lot Size (sq. ft.):
108,900
Status:
Closed
Current Price:
$9,500,000
List Date:
5/25/2022
Last Modified:
4/13/2025
Description
Outstanding opportunity to acquire the fee simple interest in 4520 N. Central (the ''Property'') located in the heart of the Central Avenue Corridor. Built in 1975, the property consists of 88,800 square feet and a structured parking garage on a +/- 90,000 SF site. The property currently has flexible lease structures for an owner user or providing an investor an attractive blend for upside. The offering is being made at $10,000,000 and on an ''as-is, where-is'' basis.
More Information MLS# 6405362
Contract Info
Ownership: Fee Simple
Current Price: $9,500,000
Sold Price: $9,500,000
Status: Closed
List Date: 2022-05-24
Location, Tax & Legal
Assessor's Map #: 29
Legal Description (Abbrev): E 520F OF S2 S2 SE4 NW4 SEC 20 EX S 177.5F & EX E 60F RD & EX TH PT DAF COM INT CENTRAL AVE & CAMPBE
Assessor's Parcel #: 127
Assessor Parcel Ltr: B
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 117100
Taxes: 0
Legal: E 520F OF S2 S2 SE4 NW4 SEC 20 EX S 177.5F & EX E 60F RD & EX TH PT DAF COM INT CENTRAL AVE & CAMPBE
Map Code/Grid: P34
House Number: 4520
Compass: N
Street Name: CENTRAL
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85012
Zip4: 1831
County Code: Maricopa
Assessor Number: 155-29-127-B
Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 88800
# of Buildings: 1
Uncvrd Parking Spcs: 93
Year Built: 1975
Zoning: C-2, Phoenix
Legal Info
Range: 3E
Section: 20
Township: 2N
Lot Number: B
Construction
Other: 1
Roofing
Other: 1
Floors
Other: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Office: 1
Business Type
Professional/Office: 1
Other: 1
See Remarks: 1
Stories
Other (See Remarks): 1
Pmt & Rate Info
Equity: 10000000
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Loading Facilities
Other (See Remarks): 1
Interior
Other (See Remarks): 1
Roads/Streets
Asphalt: 1
Source of Fincl Data
Other (See Remarks): 1
Fencing
None: 1
Water Source
City Franchise: 1
Freeway/Highway
2.1 - 5 Miles: 1
Sewer
Sewer - Public: 1
Parking Features
Parking Structure: 1
Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 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: W Campbell Ave and N Central Ave
Directions: Central Ave & Camelback Directions: South to property on West side of street, 2nd building past canal and directly across from Central High School
Geo Lat: 33.502739
Geo Lon: -112.07473
Status Change Info
Off Market Date: 2022-12-01
Under Contract Date: 2022-11-29
Close of Escrow Date: 2023-05-19
Sold Price: $9,500,000
Property Features
Building Type: Office
Business Type: Professional/Office; Other; See Remarks
Stories: Other (See Remarks)
Construction: Other
Roofing: Other
Floors: Other
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Central Air
Loading Facilities: Other (See Remarks)
Interior: Other (See Remarks)
Fencing: None
Parking Features: Parking Structure; Paved
Electric: APS
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: R.O.I. Properties
Last Updated: April - 13 - 2025
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