$4,850,000
$4,900,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
2.16 Acres Lot
SOLD DATE : 09/07/2022
Key Details
Sold Price $4,850,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Pepper Ridge Plaza 2
MLS Listing ID 6346436
Sold Date 09/07/22
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1998
Annual Tax Amount $643
Tax Year 2021
Lot Size 2.160 Acres
Acres 2.16
Property Description
Investors Opportunity. Here's a great investment opportunity for you or your investors. This rare 6.5% Cap Rate is in a desirable and great exposure area and a very busy center that's very convenient to the 101 Frwy. Residential area consists of 19,637 residents with in 1 Mile, 138,719 with in 3 miles and 496,314 with in 15 min drive. Great tenants with upside potential. Owner to guarantee rent paid for each month in default for the first year IF tenants defaults.
Location
State AZ
County Maricopa
Community Pepper Ridge Plaza 2
Zoning C-2
Direction Cave Creek Rd and 101 Frwy. South on Cave Creek from 101 Frwy to Union Hills. Property on Southeast corner of Cave Creek and Union Hills. Albertson's Shopping Anchored..
Interior
Heating Other
Cooling Central A/C
Flooring Concrete, Other
Exterior
Garage Free, Paved Parking
Fence Block
Waterfront No
Roof Type Foam, Other, See Remarks
Present Use Retail
Parking Type Free, Paved Parking
Total Parking Spaces 300
Building
Sewer Public Sewer
Water City Franchise
Others
Senior Community No
Tax ID 214-06-678-B
Financing Other
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