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

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 **

More Information MLS# 6636923

Contract Info

Ownership: Fee Simple Current Price: $5,287,500 Sold Price: $5,287,500 Status: Closed List Date: 2023-12-04

Location, Tax & Legal

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 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

General Property Description

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

Legal Info

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

Construction

Metal: 1

Roofing

Rolled: 1

Floors

Concrete: 1

Bay Info

# of Bays: 8

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: 1 Manufacturing: 1 Distribution/Warehouse: 1

Business Type

Other: 1

Stories

1 Story: 1

Pmt & Rate Info

Down Payment: 0 Equity: 7500000 Total Owed: 0

Showing Notification Methods

Showing Service: No Showing Service Used Text: 1 Phone Call: 1

Lockbox Type

None: 1

Ceiling Height

10.1 Feet to 12 Feet: 1 14.1 Feet to 16 Feet: 1

Heating

Other: 1

Cooling

Window/Wall Unit: 1 Office Evap: 1

Interior Features

Other (See Remarks): 1

Loading Facilities

Dock High: 1 Grade Level: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Other (See Remarks): 1

Fencing

Chain Link: 1

Water Source

City Franchise: 1

Building Features

Other (See Remarks): 1

Sewer

Sewer - Public: 1

Parking Features

Private: 1

Electric

APS: 1

Gas

None: 1

New Financing

Cash Only: 1 Cash to Loan: 1

Existing 1st Loan

Treat as Free&Clear: 1

Existing 2nd Loan

Treat as Free&Clear: 1

Existing 3rd Loan

Treat as Free&Clear: 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Environmental

None: 1

Sold Info

Loan Type: Other Loan Years: 25 Payment Type: Fixed Clsing Cost Split: Seller Assist - A Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 1 Seller Concession $/%: %

Remarks Misc

Cross Street: 7th Street and University Directions: From 7th Street and University, west to property Geo Lat: 33.423341 Geo Lon: -112.070031

Status Change Info

Off Market Date: 2024-08-20 Under Contract Date: 2024-06-17 Close of Escrow Date: 2024-09-17 Sold Price: $5,287,500

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