NOT LISTED FOR SALE

7363 E Adobe Dr Unit 101 Scottsdale, AZ 85255

Grayhawk Neighborhood
1 Bed
-- Bath
7,047 Sq Ft
6,011 Sq Ft Lot

Last Sold December 01, 2020

Last sale price $1,650,000 $234 Per Sq Ft

679 Days on Market

Highlights

  • Community Kitchen
  • Skylights
  • Stone Flooring
  • Pinnacle Peak Elementary School Rated A
  • Display Windows
  • Heat Pump System

About This Home

As of December 2020

Are you looking for C-4 Zoned property in Scottsdale? Then you know how hard it is to find. This Industrial/Flex Office Condo is what you are searching for. Looking for a location to store the toys? How about some type of auto storage, service, industry location? Maybe you just want a production facility for your small business? Perhaps you are looking for a great investment in an outstanding area? This Flex Condo has the sq footage (7047 sq ft) of Office and Warehouse, PLUS it has a bonus of Secure Outdoor Storage (3592 sq ft). Complete built out office areas, production areas, lounge and offices in the Mezzanine, three restrooms, two of which include showers. 2-200 Amp Electric service panels plus lots more.

Last Agent to Sell the Property

Randy Malkin

Cornerstone Real Estate Group License #BR109388000 Listed on: 01/09/2019

Last Buyer's Agent

Landon Farnsworth

JK Realty License #SA685569000

JK Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $13,342

Year Built

  • Built in 2008

Lot Details

  • 6,011 Sq Ft Lot
  • Block Wall Fence
  • Additional Parcels
  • Property is zoned C4

Home Design

  • Built-Up Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 7,047 Sq Ft Home
  • Skylights
  • Display Windows

Flooring

  • Stone
  • Concrete

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Heat Pump System
  • 440 Volts
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 101
  • Assessor Parcel Number 212-03-509

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Showroom
  • Reception Area

Additional Features

  • Scottsdale Ridge Business Center 2 Condominiums Subdivision
  • Operating Expense $29,439

Property Details

Property Type

Other

Est. Annual Taxes

$13,342

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Cross Street: Scottsdale Road & Adobe Drive
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: C4
  • Bay Info Bay Door Height: 14.0
  • Bay Info Bay Size: 57'6'' x 39'
  • Current Use: Mixed Use, Service Business, Recreational, Office, Warehouse, Wholesale
  • Number Of Buildings: 1
  • Year Built: 2008
  • Tax Year: 2018
  • Directions: East on Adobe Dr to first right (unnamed street) - Right (south) to 2nd driveway on left - Left into drive and follow around to 7363 E Adobe Dr property.
  • Lot Size Acres: 0.14
  • Road Surface Type: Asphalt, Dedicated Street, Private Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: SCOTTSDALE RIDGE BUSINESS CENTER 2 CONDOMINIUMS
  • Structure Type: Commercial, Industrial, Office, Manufacturing, Distribution/Warehse
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Stone, Concrete

Exterior Features

  • Fencing: Block
  • Construction Type: Stucco, Block
  • Roof: Built-Up, Foam
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: 3 Phase Power, 440 Volts, APS
  • Cooling: Heat Pump, Warehouse Evap, Office A/C
  • Heating: Heat Pump, Electric
  • Green Building Features: Conference Room, Reception Room, Showroom, Kitchen, Showers - Office, Showers - Plant, Skylight(s), Display Window(s)
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Office Heated: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Showers - Office: Yes
  • Amenities:Showroom: Yes
  • Amenities:Display Window(s): Yes
  • Amenities:Skylight(s)2: Yes
  • Amenities:Showers - Plant: Yes

Lot Info

  • Lot Size Sq Ft: 6011.0
  • Additional Parcels: Yes
  • Parcel #: 212-03-509
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 6653.0
  • Annual Operating Expense: 29439.0

Tax Info

  • Tax Annual Amount: 13342.0
  • Tax Book Number: 212.00
  • Tax Lot: 101
  • Tax Map Number: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2023
Sold by
Rooter Ranger Tucson Llc
Bought by
Adobe 101 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,920,000
Outstanding Balance
$1,869,033
Interest Rate
6.43%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 9, 2019
Closed on
Nov 25, 2020
Sold by
Dwk Properties Llc
Bought by
Rooter Ranger Tucson Llc
Seller's Agent
Randy Malkin
Cornerstone Real Estate Group
Buyer's Agent
Landon Farnsworth
JK Realty
List Price
$1,695,000
Sold Price
$1,650,000
Premium/Discount to List
-$45,000
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,531,900
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2013
Sold by
Fnbn Scottsdale Ridge Llc
Bought by
Dwk Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,900
Interest Rate
3.37%
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
Adobe 101 Llc $2,400,000 Stewart Title & Trust Of Phoen
Rooter Ranger Tucson Llc $1,650,000 Driggs Title Agency Inc
Dwk Properties Llc $711,730 Chicago Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adobe 101 Llc $1,920,000
Previous Owner Rooter Ranger Tucson Llc $1,531,900
Previous Owner Dwk Properties Llc $604,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2020 12/01/20 Sold $1,650,000 -2.7% $234 / Sq Ft
11/16/2020 11/16/20 Pending -- -- --
11/10/2020 11/10/20 For Sale $1,695,000 0.0% $241 / Sq Ft
11/10/2020 11/10/20 Price Changed $1,695,000 +2.7% $241 / Sq Ft
09/29/2020 09/29/20 Pending -- -- --
09/27/2019 09/27/19 Price Changed $1,650,000 -6.3% $234 / Sq Ft
09/23/2019 09/23/19 For Sale $1,760,000 +6.7% $250 / Sq Ft
07/06/2019 07/06/19 Off Market $1,650,000 -- --
01/07/2019 01/07/19 For Sale $1,760,000 -- $250 / 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 $9,902 $108,367 -- --
2024 $10,054 $106,432 -- --
2023 $10,054 $273,156 $54,621 $218,535
2022 $10,201 $230,931 $46,183 $184,748
2021 $10,682 $221,886 $44,370 $177,516
2020 $10,383 $202,068 $40,410 $161,658
2019 $10,457 $181,584 $36,306 $145,278
2018 $10,172 $164,790 $32,958 $131,832
2017 $9,725 $155,970 $31,194 $124,776
2016 $9,617 $135,756 $27,144 $108,612
2015 $9,419 $123,210 $24,642 $98,568
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5864901

Arizona Regional Multiple Listing Service (ARMLS)

APN: 212-03-509