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    2406 S 24TH Street , #100

    Phoenix, AZ 85034
    • $4,200,000
    • STATUS: Active
    • ID#: 6136964
    UPDATED: 73 min ago
    $4,200,000
    • 0
      BEDS
    • 0.92
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 35,605
      SQFT
    • $118
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1979
    County:
    Area:

    School Ratings & Info

    Description

    Incredible Multi Tenant investment opportunity. 10.21% CAP Rate. building priced to sell ($99/foot)I10 Office Park is comprised of 4 Parel / Office Condos. The building is currently at 90% Capacity with an NOI of $445,000 +- which includes Vacancy factor. The Building has been a success and highly sought after due to its easy and incredible access to Highway I10 and just minutes from the 51 and I17. The Parking area is located within a property owners association but the subject property has an amendment to the CC&R's which grants sole use and control of all of the covered parking, all of the stalls on the West and the entire parking lot and grass area to the east.Text agent to schedule showing Chad - (480)-440-7195

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    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty Company. Data last updated 2020-10-29T09:11:04.12.
    www.arizonahomesearch.com/homes/110370972
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    2406 S 24TH Street , #100 Phoenix, AZ 85034

    • Price: $4,200,000
    • Status: Active
    • Updated: 73 min ago
    • ID#: 6136964
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.92
    Acres
    35,605
    SQFT
    $118
    $/SQFT
    1979
    Built
    Neighborhood:
    I-10 At 24Th Condominium
    County:
    Maricopa
    Area:
    Phoenix
    Property Description
    Incredible Multi Tenant investment opportunity. 10.21% CAP Rate. building priced to sell ($99/foot)I10 Office Park is comprised of 4 Parel / Office Condos. The building is currently at 90% Capacity with an NOI of $445,000 +- which includes Vacancy factor. The Building has been a success and highly sought after due to its easy and incredible access to Highway I10 and just minutes from the 51 and I17. The Parking area is located within a property owners association but the subject property has an amendment to the CC&R's which grants sole use and control of all of the covered parking, all of the stalls on the West and the entire parking lot and grass area to the east.Text agent to schedule showing Chad - (480)-440-7195
    Exterior Features

    Construction Block Covered Parking Spaces 30.00 Fencing None Lot Size Dimensions 35001 - 43559 Parking Public Parking Roofing Foam Stories 2 Stories Total Parking Spaces 80.00 Uncovered Parking Spaces 50.00

    Interior Features

    Ceiling Height 8 Feet Or Less Cooling Central A/COffice A/C Flooring Concrete Heating Other (See Remarks) Interior Features Finished To Suit

    Property Features

    Adjusted Gross Inc 540000.00 Annual Elec Exp 60000.00 Annual Maint Exp 4680.00 Building Number E Building Type CommercialOffice Current Use Office Electric Aps Gas Other (See Remarks) Gross Annual Sch Inc 600000.00 Hoa Fee 0.00 Hoa YN No Loading Facilities None Lot Number D Net Operating Income 600000.00 Operating Exp 75460.00 Other Income 0.00 Ownership Leasehold Sewer Sewer - Public Source Of Financial Data Unknown Taxes 10780.00 Vacancy Allowance 0.10 Water City Franchise Zoning C3

    Listing courtesy of Dallas J Stewart.


    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty Company. Data last updated 2020-10-29T09:11:04.12.
     
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    Long Realty Company
    4051 E. Sunrise Dr, Suite 101
    Tucson AZ, 85718