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711 E Carefree Highway

Phoenix, AZ 85085
  • $7,500,000
  • STATUS: Active
  • ON SITE: 97 Days
  • MLS #: 6571083
$7,500,000
  • 0
    BEDS
  • 5.81
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 69,515
    SQFT
  • $108
    $/SQFT
Type:
Commercial
Built:
2004
County:
Area:

School Ratings & Info

Description

*Tuscani Pointe Investment Value Add*A major tenant with 1/3 of the gross income will likely be moving out to consolidate locations in a few months therefore this property is priced as-if that income was going away...hence a true value add play.*Tuscan style office, medical and retail center with imported fountains and stone*Located 5 miles east of Taiwan Semiconductor's new $40 billion chip plant*Excellent demographics with five-mile radius household income over $134,000*Impressive views of the high desert mountains

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Arizona Regional MLS logo© 2023 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 The Pete Dijkstra Team | Keller Williams Integrity First Realty. Data last updated 2023-09-26T00:14:45.007.
www.allarizonahomes.com/homes/140758502
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711 E Carefree Highway Phoenix, AZ 85085

  • Price: $7,500,000
  • Status: Active
  • On Site: 97 Days
  • MLS #: 6571083
0
Beds
0
Baths
0
½ Baths
5.81
Acres
69,515
SQFT
$108
$/SQFT
2004
Built
County:
Maricopa
Area:
Phoenix
Property Description
*Tuscani Pointe Investment Value Add*A major tenant with 1/3 of the gross income will likely be moving out to consolidate locations in a few months therefore this property is priced as-if that income was going away...hence a true value add play.*Tuscan style office, medical and retail center with imported fountains and stone*Located 5 miles east of Taiwan Semiconductor's new $40 billion chip plant*Excellent demographics with five-mile radius household income over $134,000*Impressive views of the high desert mountains
Exterior Features

Construction Other (See Remarks) Covered Parking Spaces 0.00 Fencing Other Parking FreePaved Parking Roofing Other (See Remarks) Stories 2 Stories Total Parking Spaces 300.00 Uncovered Parking Spaces 300.00

Interior Features

Ceiling Height 10.1 Feet To 12 Feet14.1 Feet To 16 Feet Cooling Other Flooring Other Heating Other Interior Features Finished

Property Features

Adjusted Gross Inc 1928000.00 Building Type CommercialOffice Cross Street Sec Carefree Highway And 7th Street Current Use Fast FoodFood ServiceMedical/DentalMixed UseOfficeReligious FacilityRestaurantRetail Electric Other (See Remarks) Gas Other (See Remarks) Gross Annual Sch Inc 1928000.00 Hoa Fee 0.00 Hoa YN No Loading Facilities Other (See Remarks) Lot Number N Net Operating Income 263000.00 Other Income 0.00 Ownership Fee Simple Sewer No Sewer/Septic Source Of Financial Data Projected ProformaProvided By Owner Taxes 160077.00 Vacancy Allowance 0.00 Water Other Zoning C-2

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Arizona Regional MLS logo© 2023 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 The Pete Dijkstra Team | Keller Williams Integrity First Realty. Data last updated 2023-09-26T00:14:45.007.
 
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The Pete Dijkstra Team | Keller Williams Integrity First Realty
3341 E. Queen Creek Rd. #109
Gilbert AZ, 85297