1200 N 77TH Street, Scottsdale, AZ 85257

$5,500,000

Property Type: Comm/Industry Sale Square Footage: 30,218 Lot Size (sq. ft.): 104,021 Status: Closed

Current Price: $5,500,000 List Date: 4/20/2020 Last Modified: 12/01/2020

Overview

Description

Rare Opportunity for multiple types of uses. Originally built as a specialty medical campus with room to house 50 People. Includes Cafeteria, Classrooms and Prime office space. The buildings totaling about 30,900 SF. It sits on a cul-de-sac 104,021 Square Foot lot. The property has a large, paved parking lot out front that has ample parking. There a large open area for outdoor activities or additional development, pool. It has luxurious potential and a beautiful green park behind the property. Close freeway access in densely populated area. Other potential uses: Office Space, Hospitality, Medical use, Rehabilitation campus, Specialty School, Private School, Charter School, or Multi Family Redevelopment.

Listing Details MLS# 6068354

Location, Tax & Legal

Map Code/Grid: Q37
House Number: 1200
Compass: N
Street Name: 77TH
St Suffix: Street
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85257
Zip4: 3708
County Code: Maricopa
Subdivision: VISTA DEL CAMINO 3
Assessor Number: 131-12-082
Tax Year: 2019
Assessor's Map #: 12
Legal Description (Abbrev): VISTA DEL CAMINO 3 MCR 179/32 LOT U & TH PT ABAND 77TH ST & CUL-DE-SAC ELY & ADJ TO SD LOT PER FEE 8
Assessor's Parcel #: 82
Add'l Parcels: No
Tax Municipality: Scottsdale
Census Tract: 218200
Taxes: 0
Legal: VISTA DEL CAMINO 3 MCR 179/32 LOT U & TH PT ABAND 77TH ST & CUL-DE-SAC ELY & ADJ TO SD LOT PER FEE 8

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 30218
# of Buildings: 2
Year Built: 1974
Uncvrd Parking Spcs: 40
Zoning: C-T, R-7, M-H

Remarks Misc

Cross Street: Hayden and McDowell
Directions: Located Southeast of N Hayden Rd & E McDowell Rd. The buildings are strategically placed off the main streets to provide the perfect ratio of privacy for business and visibility for new clients

Status Change Info

Off Market Date: 2020-11-03
Under Contract Date: 2020-07-28
Close of Escrow Date: 2020-11-30

Legal Info

Township: 1N
Range: 4E
Section: 2
Lot Number: U

More Information

Contact Info

List Agent Home Phn: 602-451-3684

Sold Info

Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Block: Yes
Tilt-Up: Yes

Roofing

Built-Up: Yes
Rolled: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes
Carpet: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes
Office: Yes

Business Type

Mixed: Yes
Professional/Office: Yes
Other: Yes

Stories

2 Stories: Yes

Pmt & Rate Info

Down Payment: 0
Equity: 5500000
Total Owed: 0
Assessment Balance: 0

Showing Notification Methods

Text: Yes
Email: Yes
Phone Call: Yes

Lockbox Type

None: Yes

Ceiling Height

8.1 Feet to 10 Feet: Yes

Heating

Electric: Yes

Cooling

Central Air: Yes

Interior Features

Finished: Yes
Private Restrooms: Yes
Public Restrooms: Yes

Loading Facilities

None: Yes

Source of Fincl Data

Owner: Yes

Fencing

Partial: Yes
Security: Yes

Water Source

City Franchise: Yes

Building Features

Conference Room: Yes
Reception Room: Yes
Cafeteria: Yes
Kitchen: Yes
Showers - Office: Yes
Showers - Plant: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
Private: Yes
Paved: Yes

Electric

SRP: Yes

Gas

None: Yes

New Financing

Cash Only: Yes
Cash to Loan: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Property Features

Building Type: Commercial; Office Business Type: Mixed; Professional/Office; Other Stories: 2 Stories Construction: Block; Tilt-Up Roofing: Built-Up; Rolled Floors: Vinyl; Ceramic Tile; Carpet Ceiling Height: 8.1 Feet to 10 Feet Cooling: Central Air Loading Facilities: None Interior Features: Finished; Private Restrooms; Public Restrooms Fencing: Partial; Security Building Features: Conference Room; Reception Room; Cafeteria; Kitchen; Showers - Office; Showers - Plant Parking Features: Free; Private; Paved Electric: SRP Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Environmental: None

Listing Office: LRA Real Estate Group, LLC

Last Updated: December - 01 - 2020