$1,925,000
$300,000
6032 E CAVE CREEK Road
Cave Creek, AZ 85331
MLS# 5687886
Status: UCB (Under Contract-Backups)
9390 sqft

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6032 E CAVE CREEK Road, Cave Creek, AZ 85331
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Property Description
Great Investment or 1031. Property is currently 100% leased long term Initial Term 10 Years started 2018 Tenant 1, 2019 Tenant 2) with options,The Building, Parking Lot and Landscaping completed a major renovation in 2013. Approximately 1.10 acres (48,089 square feet) of Commercial Core (Town Core Commercial) developed with approximately 9,390 square feet of Retail/Restaurant/ Commercial first floor in the Center of Cave Creek, Arizona. This listing is for Lot 1 only which includes the building. Lot 2 may be purchased under separate agreement. Common area controlled by Construction, Operating and Reciprocal Easement Agreement

Details
Maps
Contract Info
Current Price: $1,925,000
List Price: $1,925,000
Status: UCB (Under Contract-Backups)
List Date: 2017-11-13
Location, Tax & Legal
Map Code/Grid: F36
House Number: 6032
Compass: E
Street Name: CAVE CREEK
St Suffix: Road
City/Town Code: Cave Creek
State/Province: AZ
Zip Code: 85331
Zip4: 8509
Country: USA
County Code: Maricopa
Assessor Number: 211-08-048-L
Taxes: 11073.6
General Property Description
Approx SQFT: 9390
Year Built: 2013
Zoning: TCC
Remarks & Misc
Geo Lat: 33.833674
Geo Lon: -111.950339
Status Change Info
Status Change Date: 2019-07-27
UCB or CCBS: UCB (Under Contract-Backups)
Legal Info
Township: 6N
Range: 4E
Section: 28
Lot Number: 21108048L
Income & Expenses
Owner Association: No
Operating Exp: 11073.6
Net Operating Income: 150240
Pmt & Rate Info
Down Payment: 30
Cap Rate: 7.8
Equity: 1925000
Showing Instructions
Permission Required to Show: Yes
To Schedule Showing: Contact Via Text
ARMLS Lockbox: No
Non-ARMLS Lockbox: No
Property Features
Building Type: Commercial; Other (See Remarks)
Current Use: Mixed; Retail
Stories: 2 Stories
Construction: Block; Wood/Frame
Roofing: Built-Up
Floors: Concrete
Ceiling Height: 12.1 Feet to 14 Feet
Heating: Heat Pump
Cooling: Heat Pump
Loading Facilities: Drive-in Door(s)
Interior: Finished; Fire Sprinklers; Smoke Detector(s); Security System; Alarm System; Public Restrooms
Exterior: Landscaping; Storage Yard; Monument Sign
Fencing: Block; Chain Link
Parking: Public Parking; Paved Parking
Electric: APS
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Owner Wants: Owner May Carry; 1031 Exchange
Source of Fincl Data: Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt/Blacktop
Reports/Disclosures: ALTA Survey Availbl; None
Environmental: None

Listing Office: Tri Phoenix Commercial Real Estate Group

Last Updated: July - 27 - 2019

6032 E CAVE CREEK Road, Cave Creek, AZ 85331 - MLS# 5687886

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Monday 19th of August 2019 05:35 PM