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$4,250,000
2601 N 3rd Street
Phoenix, AZ 85004
MLS# 5719833
40000 sqft


2601 N 3rd Street, Phoenix, AZ 85004
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2601 N 3rd Street, Phoenix, AZ 85004 2601 N 3rd Street, Phoenix, AZ 85004 2601 N 3rd Street, Phoenix, AZ 85004 2601 N 3rd Street, Phoenix, AZ 85004 2601 N 3rd Street, Phoenix, AZ 85004 2601 N 3rd Street, Phoenix, AZ 85004 2601 N 3rd Street, Phoenix, AZ 85004 2601 N 3rd Street, Phoenix, AZ 85004 2601 N 3rd Street, Phoenix, AZ 85004 2601 N 3rd Street, Phoenix, AZ 85004 2601 N 3rd Street, Phoenix, AZ 85004 2601 N 3rd Street, Phoenix, AZ 85004 2601 N 3rd Street, Phoenix, AZ 85004 2601 N 3rd Street, Phoenix, AZ 85004 2601 N 3rd Street, Phoenix, AZ 85004

Property Description
FULLY RENTED BUILDING (OVER 50% MEDICAL) see attached O.M. OVER 7% CAP RATE 30 STABLE/LONG TERM TENANTS. GREAT DOWN TOWN LOCATION, SUROUNDED BY MAJOR HOSPITAL

Details
Maps
Documents
Contract Info
Current Price: $4,250,000
List Price: $4,250,000
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
Country: USA
County Code: Maricopa
Subdivision: 3RD STREET & VIRGINIA
Assessor Number: 118-45-015
Taxes: 59000
General Property Description
Approx SQFT: 40000
Year Built: 1983
Covered Spaces: 75
Zoning: R-5 COM
Remarks & Misc
Geo Lat: 33.476847
Geo Lon: -112.06909
Status Change Info
Status: Active
Status Change Date: 2018-05-09
Legal Info
Lot Number: 4
Income & Expenses
Annual Elec Exp: 79745
Annual Gas Exp: 438
Annual Ins Exp: 5224
Annual Landscape Exp: 5800
Annual Legal & Acctg: 2400
Annual Maint Exp: 27800
Annual Mgmt Exp: 27300
Annual Trash Exp: 7843
Annual Wtr/Swr Exp: 6500
Owner Association: No
Annual Rplcmnt Rsrvs: 20000
Gross Annual Sch Inc: 559657
Vacancy Allowance: 0.1
Adjusted Gross Inc: 503691.3
Net Operating Income: 302453
Pmt & Rate Info
Cap Rate: 7.12
Equity: 4250000
Property Features
Building Type: Office
Current Use: Medical/Dental; Office
Stories: 3 - 4 Stories
Construction: Stucco; Metal
Roofing: Built-Up
Floors: Ceramic Tile
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Electric; Heat Pump
Cooling: Central A/C
Loading Facilities: None
Interior: Finished
Exterior: Corner Lot
Fencing: Block
Amenities: Public Elevator(s)
Parking: Fenced; Free
Electric: APS
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Owner Wants: Cash Only; 1031 Exchange
Special: Owner/Agent
Source of Fincl Data: Other (See Remarks)
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
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
Roads/Streets: Asphalt/Blacktop
Reports/Disclosures: Seller Prop Disc Stm
Use Restrictions: Other (See Remarks)
Environmental: Other (See Remarks)

Listing Office: Net Land Realty

Last Updated: May - 10 - 2018

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Monday 25th of June 2018 04:01 PM