14988 N 78TH Way, Scottsdale, AZ 85260

$9,600,000

Property Type: Comm/Industry Sale Square Footage: 98,930 Lot Size (sq. ft.): 222,000 Status: Closed

Current Price: $9,600,000 List Date: 2/03/2012 Last Modified: 8/06/2021

Overview

Description

Office complex with 2 buildings; 2 floors within the office complex areas and hangar space! 40% Office 60% Airplane Hangar. Hanger is 90% leased and office is 100% leased. Hangar space is available for any type of aircraft permitted to land in Scottsdale Airpark. Parking: 3.4:1,000 SF. Highly educated labor pool. Call for Offering Memorandum. LOCATED ON THE RUNWAY AT THE SCOTTSDALE AIRPARK. Numerous retail, restaurant and service amenities nearby. One mile to Loop 101 (Pima Freeway). Close to Kierland, Scottsdale Towne Center and Sonora Village. (REF GPE3480)

Listing Details MLS# 4711362

Location, Tax & Legal

Map Code/Grid: L37
House Number: 14988
Compass: N
Street Name: 78TH
St Suffix: Way
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85260
County Code: Maricopa
Subdivision: Scottsdale Industrial Airpark
Assessor Number: 215-55-037
Tax Year: 2011
Assessor's Map #: 55
Assessor's Parcel #: 37
Add'l Parcels: Yes
Tax Municipality: Scottsdale
Taxes: 178548
Legal: SCOTTSDALE INDUSTRIAL AIRPARK NO 7 MCR 234-27
Marketing Name: SW JET CORPORATE CENTER

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Office/Hangar
Ttl Apx SqFt Bldg: 98930
Ttl Apx Net Rnt Spc: 98930
# of Buildings: 2
Year Built: 1996
Uncvrd Parking Spcs: 258
Zoning: I-1

Remarks Misc

Cross Street: N. 78th Way & E. Raintree Drive
Directions: Loop 101 (Pima Freeway) to E. Raintree Drive west. North on N. Hayden Road. West on E. Pine Valley Road to N. 78th Way.

Status Change Info

Off Market Date: 2012-12-13
Under Contract Date: 2012-06-01
Close of Escrow Date: 2012-12-12

Legal Info

Lot Number: Yes

More Information

Sold Info

Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 2.5
Buyer Concession $/%: %
Seller Concession to Buyer: 2.5
Seller Concession $/%: %

Construction

Block: Yes
Tilt-Up: Yes
Metal: 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: 178548
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes
Office: Yes
Other (See Remarks): Yes

Business Type

Professional/Office: Yes
Other: Yes
See Remarks: Yes

Stories

2 Stories: Yes

Pmt & Rate Info

Down Payment: 0
Equity: 11490000
Total Owed: 0
Assessment Balance: 0

Ceiling Height

8.1 Feet to 10 Feet: Yes
16.1 Feet to 28 Feet: Yes

Heating

Electric: Yes

Cooling

Central Air: Yes
Other: Yes
See Remarks: Yes

Interior Features

Finished: Yes

Loading Facilities

Drive-in Door(s): Yes

Exterior

Landscaping: Yes

Source of Fincl Data

Owner: Yes

Fencing

Partial: Yes

Water Source

City Franchise: Yes

Building Features

Other (See Remarks): Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
Private: Yes
Paved: Yes

Electric

APS: Yes

Gas

Other (See Remarks): 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

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: Commercial; Office; Other (See Remarks) Business Type: Professional/Office; Other; See Remarks Stories: 2 Stories Construction: Block; Tilt-Up; Metal Roofing: Other Floors: Other Ceiling Height: 8.1 Feet to 10 Feet; 16.1 Feet to 28 Feet Cooling: Central Air; Other; See Remarks Loading Facilities: Drive-in Door(s) Interior Features: Finished Exterior: Landscaping Fencing: Partial Building Features: Other (See Remarks) Parking Features: Free; Private; Paved Electric: APS Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan 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: Other (See Remarks)

Listing Office: Avison Young

Last Updated: August - 06 - 2021