261 E UNIVERSITY Drive, Phoenix, AZ 85004

$5,287,500

Property Type: Comm/Industry Sale Square Footage: 45,907 Lot Size (sq. ft.): 151,094 Status: Closed

Current Price: $5,287,500 List Date: 8/20/2024 Last Modified: 7/31/2025

Overview

Description

BACK ON THE MARKET 2/26/24 - Great location just south of downtown Phoenix ** Former manufacturing facility with lots of power (2,000 amp PLUS 1,200 amp) ** Eight dock high doors and three grade level roll-ups (two 12 ft and one 14 ft) ** Small office/kitchenette ** Storage shed plus two covered sheds **

Listing Details MLS# 6636923

Location, Tax & Legal

House Number: 261
Compass: E
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85004
Zip4: 2921
County Code: Maricopa
Subdivision: TRENDWOOD INCORPORATED
Assessor Number: 112-42-217
Tax Year: 2023
Assessor's Map #: 42
Legal Description (Abbrev): LOT 1 TRENDWOOD INCORPORATED MCR 098607
Assessor's Parcel #: 217
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114900
Taxes: 34382
Legal: LOT 1 TRENDWOOD INCORPORATED MCR 098607
Marketing Name: Trentwood

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Commercial Warehouse
Ttl Apx SqFt Bldg: 45907
# of Buildings: 4
Lot Size Dimensions: irregular
Year Built: 1979
Zoning: L-1, A-1
Flood Zone: No
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: 7th Street and University
Directions: From 7th Street and University, west to property

Status Change Info

Off Market Date: 2024-08-20
Under Contract Date: 2024-06-17
Close of Escrow Date: 2024-09-17

Legal Info

Township: 1N
Range: 3E
Section: 17
Lot Number: Yes

More Information

Bay Info

# of Bays: 8

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Phone Call: Yes

Sold Info

Loan Type: Other
Loan Years: 25
Payment Type: Fixed
Clsing Cost Split: Seller Assist - A
Buyer Concession $/%: $
Seller Concession to Buyer: Yes
Seller Concession $/%: %
Buyer Concession to Seller: 0

Construction

Metal: Yes

Roofing

Rolled: Yes

Floors

Concrete: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 34382
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes
Manufacturing: Yes
Distribution/Warehouse: Yes

Business Type

Other: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Down Payment: 0
Equity: 7500000
Total Owed: 0

Lockbox Type

None: Yes

Ceiling Height

10.1 Feet to 12 Feet: Yes
14.1 Feet to 16 Feet: Yes

Heating

Other: Yes

Cooling

Window/Wall Unit: Yes
Office Evap: Yes

Interior Features

Other (See Remarks): Yes

Loading Facilities

Dock High: Yes
Grade Level: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Other (See Remarks): Yes

Fencing

Chain Link: Yes

Water Source

City Franchise: Yes

Building Features

Other (See Remarks): Yes

Sewer

Sewer - Public: Yes

Parking Features

Private: Yes

Electric

APS: Yes

Gas

None: Yes

New Financing

Cash Only: Yes
Cash to Loan: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Building Type: Commercial; Manufacturing; Distribution/Warehouse Business Type: Other Stories: 1 Story Construction: Metal Roofing: Rolled Floors: Concrete Ceiling Height: 10.1 Feet to 12 Feet; 14.1 Feet to 16 Feet Heating: Other Cooling: Window/Wall Unit; Office Evap Loading Facilities: Dock High; Grade Level Interior Features: Other (See Remarks) Fencing: Chain Link Building Features: Other (See Remarks) Parking Features: Private Electric: APS Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan Showing Notification Methods: Text; Phone Call Lockbox Type: None Source of Fincl Data: Other (See Remarks) Existing 1st Loan: Treat as Free&Clear Existing 2nd Loan: Treat as Free&Clear Existing 3rd Loan: Treat as Free&Clear Road Surface Type: Asphalt Environmental: None

Listing Office: AZ Brokerage Holdings, LLC

Last Updated: July - 31 - 2025