$4,995,000
14040 N CAVE CREEK Road
Phoenix, AZ 85022
MLS# 5861701
47397 sqft


14040 N CAVE CREEK Road, Phoenix, AZ 85022
  1 / 31  
14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 Most suites have mountain views! 14040 N CAVE CREEK Road, Phoenix, AZ 85022 Building repainted 2019 - reds /greys 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 18 salon suites 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022 14040 N CAVE CREEK Road, Phoenix, AZ 85022

Property Description
C2 Fantastic Opportunity to own a 47,000sf+ property on nearly 3 acres! Only $105/sf and 92% occupied (occupancy increasing)! Occupied spaces have been nicely updated/upgraded! Suites features a private office area as well as a salon suite area for high return per sf! Property has undergone vast improvements and continues to do so; improvements already completed are roof, parking, LED lighting, programmable thermostats, new kitchens, and more! Exterior paint in progress, new cooling tower (all stainless steel) has been ordered and installed this winter. Property is 3 stories and features gorgeous mountain views! Center atrium features large fountain/pond with a variety of koi fish. Conveniently located near 51 and 101 freeways! Conveniently located near 51 and 101 freeways!

Details
Maps
Contract Info
Current Price: $4,995,000
List Price: $4,995,000
Status: Active
List Date: 2019-01-01
Location, Tax & Legal
Map Code/Grid: L35
House Number: 14040
Compass: N
Street Name: CAVE CREEK
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85022
Country: USA
County Code: Maricopa
Assessor Number: 214-51-004-E
Taxes: 44355
General Property Description
Approx SQFT: 47397
Year Built: 1986
Zoning: C2
Remarks & Misc
Geo Lat: 33.615049
Geo Lon: -112.034888
Status Change Info
Status Change Date: 2019-01-01
Legal Info
Township: 3N
Range: 3E
Section: 10
Income & Expenses
Owner Association: No
Operating Exp: 44355
Net Operating Income: 420750
Pmt & Rate Info
Cap Rate: 8.42
Equity: 4995000
Showing Instructions
Permission Required to Show: Yes
To Schedule Showing: Contact Via ShowingTime, Text, Phone, or Email
ARMLS Lockbox: No
Non-ARMLS Lockbox: No
Property Features
Building Type: Commercial; Office; Other (See Remarks)
Current Use: Mixed; Medical/Dental; Office; Other (See Remarks)
Stories: 3 - 4 Stories
Construction: Block; Metal; Other (See Remarks)
Roofing: Foam; Rolled
Floors: Vinyl/Composition; Wood; Ceramic Tile; Carpet; Other (See Remarks)
Ceiling Height: 8 Feet or Less; 8.1 Feet to 10 Feet
Heating: Electric; Heat Pump; Other (See Remarks)
Cooling: Office A/C; Chiller System; Other (See Remarks)
Loading Facilities: None
Interior: Finished; Finished to Suit; Phone System; Private Restrooms; Public Restrooms
Fencing: None
Parking: Free; Public Parking; Paved Parking
Electric: APS
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Owner Wants: Cash Only; Owner May Carry; 1031 Exchange; Trade; Lease Option/Purchse; Lease
Special: Owner/Agent
Source of Fincl Data: Projected Proforma
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt/Blacktop
Traffic Count: 15,001 to 25,000
Reports/Disclosures: None
Environmental: None

Listing Office: Prestige Realty

Last Updated: October - 09 - 2019

14040 N CAVE CREEK Road, Phoenix, AZ 85022 - MLS# 5861701

Copyright Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Monday 14th of October 2019 01:50 PM