$590,500
Phoenix, AZ 85017
MLS# 6224029
Status: Closed
1 / 10
Property Description
Great commercial warehouse with a long term tenant in place. Turn key investment opportunity offering a 6%+ CAP rate. Solid construction built in 1980, 4624 square foot flex space, approximately 40% office/reception the rest is warehouse. 100 % air conditioned. 2 rear roll up doors, one10x10 and a the other a larger 13.5 x10, high ceilings. Great central location.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $590,500
Sold Price: $590,500
Status: Closed
List Date: 2021-04-19
Location, Tax & Legal
Assessor's Map #: 3
Legal Description (Abbrev): LOT 18 THOMAS CENTRE MCR 021431
Assessor's Parcel #: 97
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 116900
Taxes: 5445
Legal: LOT 18 THOMAS CENTRE MCR 021431
Map Code/Grid: P33
House Number: 3329
Compass: W
Street Name: CATALINA
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85017
Zip4: 5257
County Code: Maricopa
Subdivision: THOMAS CENTRE
Assessor Number: 108-03-097
Tax Year: 2020
General Property Description
Type of Property: Warehousing
Ttl Apx SqFt Bldg: 4625
# of Buildings: 1
Uncvrd Parking Spcs: 4
Year Built: 1980
Zoning: I-P
Legal Info
Range: 2E
Section: 26
Township: 2N
Lot Number: 18
Construction
Tilt-Up: 1
Roofing
Built-Up: 1
Floors
Concrete: 1
Bay Info
# of Bays: 2
# of Bay Doors: 2
Bay Door Height: 13.5
Bay Door Width: 10
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 3825.84
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 46968
Building Type
Commercial: 1
Industrial: 1
Business Type
Professional/Office: 1
Warehouse: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 6.01
Equity: 595000
Total Owed: 0
Lockbox Type
None: 1
Ceiling Height
10.1 Feet to 12 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Warehouse A/C: 1
Interior Features
Finished: 1
Loading Facilities
Grade Level: 1
Source of Fincl Data
Owner: 1
Fencing
None: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Paved: 1
Electric
APS: 1
Gas
None: 1
New Financing
Cash Only: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Sold Info
Loan Type: Cash
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 35th Ave & Thomas Rd
Directions: East on Thomas, North on 34th Dr
Geo Lat: 33.481571
Geo Lon: -112.132009
Status Change Info
Off Market Date: 2021-05-11
Under Contract Date: 2021-04-23
Close of Escrow Date: 2021-05-10
Sold Price: $590,500
Income Expenses
Gross Annual Sch Inc: 46968
Net Operating Income: 35751.16
Property Features
Building Type: Commercial; Industrial
Business Type: Professional/Office; Warehouse
Stories: 1 Story
Construction: Tilt-Up
Roofing: Built-Up
Floors: Concrete
Ceiling Height: 10.1 Feet to 12 Feet
Cooling: Central Air; Warehouse A/C
Loading Facilities: Grade Level
Interior Features: Finished
Fencing: None
Parking Features: Paved
Electric: APS
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only
Lockbox Type: None
Source of Fincl Data: Owner
Environmental: None
Listing Office: RE/MAX Solutions
Last Updated: April - 07 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
