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$7,500,000
Phoenix, AZ 85020
MLS# 6614774
1 / 17
Property Description
Don't miss out on a rare opportunity to own the landmark Vista De Loma buildings. This 30,000 SF, mission-style commercial office complex consists of 3 buildings and is located at 1825 E Northern Ave in North Central Phoenix. It is a multi-tenant project and fully occupied with 1-3 year gross leases and professional management in place, offering steady rental income and an attractive return on investment. Most exciting, however, is the pre-existing, high-density multi-family, R-5 zoning designation. At over a 5 cap including professional management and a full time maintenance employee, the potential for redevelopment is palpable. Situated on a spacious 2.44-acre plot of land, the lot boasts unbeatable views of Piestewa Peak and is located in one of the most desirable areas in
Details
Maps
Documents
Contract Info
Current Price: $7,500,000
List Price: $7,500,000
Status: Active
List Date: 2023-10-06
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 1825
Compass: E
Street Name: NORTHERN
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 3953
Country: USA
County Code: Maricopa
Legal Description (Abbrev): TH PT TR A NORTHERN FOOTHILLS MCR 196/17 & TH PT E2 SW4 SEC 34 AS DESC P/F 05-0190345
Assessor's Map #: 19
Assessor's Parcel #: 2
Assessor Parcel Ltr: S
Add'l Parcels: No
Assessor Number: 165-19-002-S
Census Tract: 105102
Legal: TH PT TR A NORTHERN FOOTHILLS MCR 196/17 & TH PT E2 SW4 SEC 34 AS DESC P/F 05-0190345
Tax Municipality: Phoenix
Taxes: 63483
Tax Year: 2022
General Property Description
Ttl Apx SqFt Bldg: 29800
# of Buildings: 3
Lot Size Dimensions: 1000' x 200'
Year Built: 1984
Uncvrd Parking Spcs: 70
Zoning: R-5
Remarks & Misc
Cross Street: 16th St & Northern
Directions: East toward 51. South side of road. Long white mission style arched building from 18th-20th st.
Geo Lat: 33.55668
Geo Lon: -112.041184
Status Change Info
Status Change Date: 2023-10-06
Legal Info
Township: 3N
Range: 3E
Section: 34
Income & Expenses
Owner Association: No
Operating Exp: 63483
Gross Annual Sch Inc: 655022
Adjusted Gross Inc: 655022
Net Operating Income: 388500
Pmt & Rate Info
Cap Rate: 5.18
Equity: 7500000
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Building Type: Commercial; Office
Current Use: Office
Stories: 2 Stories
Construction: Frame - Wood
Roofing: Built-Up
Floors: Vinyl; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Office A/C
Loading Facilities: None
Interior: Finished; Finished to Suit; Fire Sprinklers; Public Restrooms
Exterior: Landscaping; Building Sign; Security Light(s); Security Camera(s)
Fencing: Block; Partial
Amenities: Public Elevator(s); Conference Room; Reception Room
Parking: Free; Public Parking; Paved Parking; Other (See Remarks)
Electric: APS; Master Meter
Gas: None
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: Frontage; Up to 1 Mile
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Provided by Owner
Existing 3rd Loan: Other (See Remarks)
Roads/Streets: Dirt; Asphalt
Traffic Count: Not Available
Reports/Disclosures: Other (See Remarks)
Environmental: None
Supplements
Phoenix.
Brochure 
Listing Office: AXIS Property Advisors
Last Updated: October - 06 - 2023
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