1301 E MCDOWELL Road, Phoenix, AZ 85006

$3,100,000

Property Type: Comm/Industry Sale Square Footage: 28,834 Lot Size (sq. ft.): 53,218 Status: Closed

Current Price: $3,100,000 List Date: 1/15/2020 Last Modified: 1/21/2025

Overview

Description

• Multi-Tenant Medical/Office Building • Brand New Monument Signage • Ample Parking of 4.00/1,000 with additional street parking • 3-story parking structure with ample covered parking • Value creation through Opportunity Zone benefits, re-position/lease-up, rising rates in a growing area • Less than 1/2 mile from North 7th St and I-10 full diamond interchange • Bus stop out front and less than 2 miles from the light rail

Listing Details MLS# 5864372

Location, Tax & Legal

Map Code/Grid: P34
House Number: 1301
Compass: E
Street Name: MCDOWELL
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 2605
County Code: Maricopa
Subdivision: BURROUGHS
Assessor Number: 116-22-025-A
Tax Year: 2017
Assessor's Map #: 22
Legal Description (Abbrev): LOT 1 BLOCK 2 BURROUGHS MCR 000718
Assessor's Parcel #: 25
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113203
Taxes: 76813
Legal: LOT 1 BLOCK 2 BURROUGHS MCR 000718

Contract Info

Ownership: Other (See Remarks)

General Property Description

Ttl Apx SqFt Bldg: 28834
# of Buildings: Yes
Year Built: 1986
Uncvrd Parking Spcs: 47
Zoning: C-2

Remarks Misc

Cross Street: E McDowell Rd & N 13th St

Status Change Info

Off Market Date: 2020-01-15
Under Contract Date: 2020-01-14
Close of Escrow Date: 2020-02-28

Legal Info

Township: 1N
Range: 3E
Section: 4
Lot Number: Yes

More Information

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

Other: Yes

Roofing

Other: Yes

Floors

Other: 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
Operating Exp: 76813
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Office: Yes

Business Type

Dental: Yes
Medical: Yes
Professional/Office: Yes

Stories

2 Stories: Yes

Pmt & Rate Info

Down Payment: 0
Equity: 4200000
Total Owed: 0
Assessment Balance: 0

Lockbox Type

None: Yes

Ceiling Height

8.1 Feet to 10 Feet: Yes

Heating

Other: Yes
See Remarks: Yes

Cooling

Other: Yes
See Remarks: Yes

Interior Features

Other (See Remarks): Yes

Loading Facilities

Other (See Remarks): Yes

Source of Fincl Data

Other (See Remarks): Yes

Fencing

Other: Yes
See Remarks: Yes

Water Source

Other: Yes
See Remarks: Yes

Sewer

Other: Yes

Parking Features

Parking Structure: Yes
Paved: Yes

Electric

Other (See Remarks): Yes

Gas

Other (See Remarks): Yes

New Financing

Other (See Remarks): Yes

Existing 1st Loan

Other (See Rmks): Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Other (See Remarks): Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Other (See Remarks): Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Other (See Remarks): Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

Other (See Remarks): Yes

Existing Othr Ln Trm

Not Applicable: Yes

Property Features

Building Type: Office Business Type: Dental; Medical; Professional/Office Stories: 2 Stories Construction: Other Roofing: Other Floors: Other Ceiling Height: 8.1 Feet to 10 Feet Heating: Other; See Remarks Cooling: Other; See Remarks Loading Facilities: Other (See Remarks) Interior Features: Other (See Remarks) Fencing: Other; See Remarks Parking Features: Parking Structure; Paved Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: Other; See Remarks Sewer: Other New Financing: Other (See Remarks) Lockbox Type: None Source of Fincl Data: Other (See Remarks) Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Environmental: Other (See Remarks)

Listing Office: The Menlo Group Commercial Real Estate

Last Updated: January - 21 - 2025