$3,500,000
Phoenix, AZ 85014
MLS# 6756930
Status: Closed
1 / 64
Property Description
Prime Investment Opportunity in Phoenix Own this exceptional income-producing property located in the highly sought-after gateway to Camelback Corridor. Featuring a solid gold tenant with a 10-year NNN lease and impressive high operating income (NOI), this gem offers 4% annual increases and is situated in a high-traffic, high-rent district. Property Highlights: Open Retail Space: Versatile layout for various business. Commercial Kitchen: Fully equipped for food service operations. Ample Storage: Generous storage space to support business operations. Offices Overlooking Operations: Functional offices with a clear view of the retail area. Roll-Up Door: Convenient access for deliveries and logistics. Fenced Rear Lot: Secure and private outdoor space. Turn key 1031 exchange!
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $3,500,000
Sold Price: $3,500,000
Status: Closed
List Date: 2024-09-13
Location, Tax & Legal
Assessor's Map #: 21
Legal Description (Abbrev): LOT 1 CHARANN TRACT CONSOLIDATED MCR 015712
Assessor's Parcel #: 72
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 108602
Taxes: 19302
Legal: LOT 1 CHARANN TRACT CONSOLIDATED MCR 015712
House Number: 839
Compass: E
Street Name: CAMELBACK
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 3633
County Code: Maricopa
Subdivision: CHARANN TRACT CONSOLIDATED
Assessor Number: 155-21-072
Tax Year: 2023
General Property Description
Type of Property: Commercial Mix Use
Ttl Apx SqFt Bldg: 11545
# of Buildings: 1
Uncvrd Parking Spcs: 14
Lot Size Dimensions: 259.91-84.47-260.55-84.92
Flood Zone: No
Year Built: 1979
Zoning: C2
Currently Not Used
Sold Price Per SqFt: 320.92
Legal Info
Range: 3E
Section: 21
Township: 2N
Lot Number: 1
Construction
Block: 1
Stucco: 1
Roofing
Built-Up: 1
Floors
Concrete: 1
Vinyl: 1
Ceramic Tile: 1
Bay Info
# of Bay Doors: 1
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
Operating Exp: 19302
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 287198
Building Type
Commercial: 1
Business Type
Mixed: 1
Retail: 1
Stories
2 Stories: 1
Pmt & Rate Info
Cap Rate: 7.75
Equity: 3705000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
See Private Remarks: 1
Ceiling Height
10.1 Feet to 12 Feet: 1
14.1 Feet to 16 Feet: 1
Heating
Electric: 1
2 or More Units: 1
Cooling
Central Air: 1
Office A/C: 1
Interior Features
Fire Sprinklers: 1
Smoke Detector(s): 1
Security System: 1
Security Camera(s): 1
Alarm System: 1
Private Restrooms: 1
Public Restrooms: 1
Loading Facilities
Grade Level: 1
Road Surface Type
Asphalt: 1
Exterior
Storage Yard: 1
Building Sign: 1
Sidewalk(s): 1
Monument Sign: 1
Security Camera(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
50,001 to 75,000: 1
Fencing
Block: 1
Security: 1
Water Source
City Franchise: 1
Freeway/Highway
Frontage: 1
1.1 - 2 Miles: 1
Building Features
Conference Room: 1
Clean Room: 1
Showroom: 1
Cafeteria: 1
Kitchen: 1
Security Gate: 1
Sewer
Sewer - Public: 1
Railroad
Available: 1
Parking Features
Fenced: 1
Free: 1
Parking Lot: 1
Private: 1
Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
None: 1
New Financing
1031 Exchange: 1
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Terms
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 623-979-0065
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: N 7th St and E Camelback Rd
Directions: Head North on N 7th St. Turn right onto E Camelback Rd. Turn right.
Geo Lat: 33.50876
Geo Lon: -112.062066
Status Change Info
Off Market Date: 2025-08-23
Under Contract Date: 2025-08-21
Close of Escrow Date: 2025-11-05
Sold Price: $3,500,000
Income Expenses
Gross Annual Sch Inc: 287198
Net Operating Income: 287189
Property Features
Building Type: Commercial
Business Type: Mixed; Retail
Stories: 2 Stories
Construction: Block; Stucco
Roofing: Built-Up
Floors: Concrete; Vinyl; Ceramic Tile
Ceiling Height: 10.1 Feet to 12 Feet; 14.1 Feet to 16 Feet
Heating: 2 or More Units
Cooling: Central Air; Office A/C
Loading Facilities: Grade Level
Interior Features: Fire Sprinklers; Smoke Detector(s); Security System; Security Camera(s); Alarm System; Private Restrooms; Public Restrooms
Exterior: Storage Yard; Building Sign; Sidewalk(s); Monument Sign; Security Camera(s)
Fencing: Block; Security
Building Features: Conference Room; Clean Room; Showroom; Cafeteria; Kitchen; Security Gate
Parking Features: Fenced; Free; Parking Lot; Private; Paved
Electric: APS
Gas: SW Gas; None
Water Source: City Franchise
Sewer: Sewer - Public
Railroad: Available
New Financing: 1031 Exchange; Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: See Private Remarks
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Terms: Not Applicable
Road Surface Type: Asphalt
Traffic Count: 50,001 to 75,000
Environmental: None
Listing Office: Century 21 Northwest
Last Updated: November - 06 - 2025
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
