NOT LISTED FOR SALE
-- Bed
-- Bath
11,961 Sq Ft
0.59 Acres

Last Sold November 28, 2021

Last sale price $875,000 $73 Per Sq Ft

40 Days on Market

Highlights

  • 0.59 Acre Lot
  • Cooling Available
  • Concrete Flooring
  • Phoenix Coding Academy Rated A
  • Security Fence
  • Heating System Uses Natural Gas

About This Home

As of November 2021

12,000 sqft warehouse in the incredible arts district of Downtown Phx. The property needs some work, but is certainly priced accordingly! Located in the mix of many shops, restaurants, and art galleries, as well as minutes to the I-10, you cannot beat this location. The current owners of the property own and run a very successful yoga clothing company that has quickly outgrown their warehouse space/retail space in Carefree. They are open to selling the property as-is or leaving some skin in the game and leasing back half of the space at market rent once built out and suitable for tenants. In that scenario, they would need to recoup some of the cash they have into the property, but it could be a very fruitful partnership.

Last Agent to Sell the Property

Colby McMahon

Grayson Real Estate License #SA679008000 Listed on: 11/04/2021

Last Buyer's Agent

Cara Arnott

Century 21 Northwest License #SA560773000

Century 21 Northwest

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,023

Year Built

  • Built in 1970

Lot Details

  • 0.59 Acre Lot
  • Security Fence
  • Chain Link Fence
  • Property is zoned C-2

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Block Exterior
  • Metal Siding

Interior Spaces

  • 11,961 Sq Ft Home
  • Concrete Flooring

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces
  • Private Parking
  • Free Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 111-27-132

Community Details

Overview

  • Building Dimensions are 200 x 131
  • University Addition Subdivision

Building Details

  • Operating Expense $10,023

Property Details

Property Type

Other

Est. Annual Taxes

$10,023

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: Grand Ave / Roosevelt
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1970
  • Tax Year: 2020
  • Directions: Heading SE on Grand Ave, turn right onto Mckinley - Continue straight and property is on the left
  • Lot Size Acres: 0.59
  • Road Surface Type: Dirt, Asphalt
  • Subdivision Name: UNIVERSITY ADDITION
  • Structure Type: Commercial, Industrial, Office, Manufacturing, Distribution/Warehse
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 11961.0

Exterior Features

  • Fencing: Security, Chain Link
  • Disclosures: None
  • Construction Type: Frame - Wood, Metal Siding, Block
  • Roof: Metal
  • Construction:Block: Yes
  • Construction:Metal: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Parking Features: Paved, Private, Free
  • Attached Garage: No
  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 20.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking Features Paved Parking: Yes
  • Parking Features Private Parking: Yes
  • Parking Features Free: Yes

Utilities

  • Electric: APS
  • Cooling: Warehouse Evap
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Lot Info

  • Lot Size: 200 x 131
  • Lot Size Sq Ft: 25800.0
  • Parcel #: 111-27-132
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 10023.0

Tax Info

  • Tax Annual Amount: 10023.0
  • Tax Book Number: 111.00
  • Tax Lot: 16
  • Tax Map Number: 27.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2022
Sold by
Cnc Contracting Llc
Bought by
Mckinley Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Outstanding Balance
$883,825
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 4, 2021
Closed on
Oct 22, 2021
Sold by
Consilium B Llc
Bought by
Cnc Contracting Llc
Seller's Agent
Colby McMahon
Grayson Real Estate
Buyer's Agent
Cara Arnott
Century 21 Northwest
List Price
$950,000
Sold Price
$875,000
Premium/Discount to List
-$75,000
-7.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
3.05%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 12, 2018
Closed on
Jun 6, 2019
Sold by
Sales Force Won Ltd
Bought by
Consilium B Llc
Seller's Agent
Gene Montemore
Compass
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,250,000
Sold Price
$825,000
Premium/Discount to List
-$425,000
-34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.45%
Original Mortgage
$535,000
Interest Rate
4.1%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 14, 2016
Sold by
Teixidor Enterprises Inc
Bought by
Sales Force Won Ltd and Strictly From Scratch Ltd

Purchase Details

Closed on
Apr 28, 2011
Sold by
Teixidor Enterprises Inc
Bought by
Capital Core Investments Llc

Purchase Details

Closed on
Oct 26, 2000
Sold by
Teixidor Eduardo and Teixidor Marta
Bought by
Teixidor Enterprises Inc and La Patisserie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 1995
Sold by
Bank One Arizona Na
Bought by
Teixidor Eduardo and Teixidor Marta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.97%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mckinley Investment Llc -- Magnus Title
Cnc Contracting Llc $875,000 Magnus Title Agency
Consilium B Llc $825,000 Stewart Ttl & Tr Of Phoenix
Sales Force Won Ltd $50,000 None Available
Capital Core Investments Llc -- None Available
Teixidor Enterprises Inc -- First American Title
Teixidor Eduardo $200,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckinley Investment Llc $200,000
Open Mckinley Investment Llc $950,000
Previous Owner Cnc Contracting Llc $550,000
Previous Owner Consilium B Llc $535,000
Previous Owner Sales Force Won Ltd $1,800,000
Previous Owner Teixidor Enterprises Inc $100,000
Previous Owner Teixidor Eduardo $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2021 11/28/21 Sold $875,000 -7.9% $73 / Sq Ft
11/04/2021 11/04/21 For Sale $950,000 0.0% $79 / Sq Ft
11/04/2021 11/04/21 Price Changed $950,000 0.0% $79 / Sq Ft
10/06/2021 10/06/21 For Sale $950,000 0.0% $79 / Sq Ft
10/06/2021 10/06/21 Price Changed $950,000 0.0% $79 / Sq Ft
06/27/2021 06/27/21 For Sale $950,000 +15.2% $79 / Sq Ft
06/24/2019 06/24/19 Sold $825,000 -12.2% $69 / Sq Ft
09/05/2018 09/05/18 Price Changed $940,000 -24.8% $79 / Sq Ft
07/11/2018 07/11/18 For Sale $1,250,000 -- $105 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,135 $58,986 -- --
2024 $8,300 $57,933 -- --
2023 $8,300 $74,987 $16,830 $58,157
2022 $8,240 $58,363 $12,548 $45,815
2021 $8,412 $54,594 $12,906 $41,688
2020 $10,023 $61,848 $9,450 $52,398
2019 $10,007 $64,296 $6,444 $57,852
2018 $9,836 $75,150 $2,826 $72,324
2017 $9,607 $71,946 $2,952 $68,994
2016 $9,332 $64,206 $2,754 $61,452
2015 $8,875 $55,630 $2,738 $52,892
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6256823

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-27-132