$3,900,000
9330 E POINSETTIA Drive
Scottsdale, AZ 85260
MLS# 6214388
8803 sqft


9330 E POINSETTIA Drive, Scottsdale, AZ 85260
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9330 E POINSETTIA Drive, Scottsdale, AZ 85260 9330 E POINSETTIA Drive, Scottsdale, AZ 85260 9330 E POINSETTIA Drive, Scottsdale, AZ 85260 9330 E POINSETTIA Drive, Scottsdale, AZ 85260 9330 E POINSETTIA Drive, Scottsdale, AZ 85260 9330 E POINSETTIA Drive, Scottsdale, AZ 85260

Property Description
Poinsettia Place is a neighborhood retail shopping center, located in central Scottsdale, near HonorHealth Scottsdale Shea Medical Center. The subject property is an infill site approximately 1/2 mile from Loop 101 (Pima Freeway). 150,000+/- employees are within a 5-mile radius. Average household income is over $105,000 within a 5-mile radius. The shopping center offers great visibility and ingress/egress inside a densely populated area within Scottsdale, Arizona. Property is 100% occupied. Leases have annual rent increases.

Details
Maps
Contract Info
Current Price: $3,900,000
List Price: $3,900,000
Status: Active
List Date: 2021-03-30
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: M38
House Number: 9330
Compass: E
Street Name: POINSETTIA
St Suffix: Drive
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85260
Zip4: 7118
Country: USA
County Code: Maricopa
Legal Description (Abbrev): TRACT D SCOTTSDALE VISTA TOWNHOMES UNIT 2 LOT 21-36 A-D MCR 023517
Subdivision: SCOTTSDALE VISTA TOWNHOMES UNIT 2 LOT 21-36 A-D
Assessor's Map #: 25
Assessor's Parcel #: 685
Add'l Parcels: No
Assessor Number: 217-25-685
Census Tract: 216826
Legal: TRACT D SCOTTSDALE VISTA TOWNHOMES UNIT 2 LOT 21-36 A-D MCR 023517
Tax Municipality: Scottsdale
Taxes: 17596
Tax Year: 2020
General Property Description
Type of Property: Retail Strip Center
Approx SQFT: 8803
# of Buildings: 1
Lot Size Dimensions: 210 x 202
Year Built: 1986
Uncvrd Parking Spcs: 72
Zoning: PCOC
Remarks & Misc
Cross Street: 94th Street & Cactus
Directions: From 94th Street & Cactus, head south on 94th Street to Poinsettia. Turn Right (West) on Poinsettia and turn right into subject property.
Geo Lat: 33.59453
Geo Lon: -111.880331
Status Change Info
Status Change Date: 2021-03-30
Legal Info
Township: 3N
Range: 5E
Section: 19
Lot Number: N/A
Income & Expenses
Annual Elec Exp: 867.53
Annual Ins Exp: 2268.84
Annual Landscape Exp: 4300
Annual Legal & Acctg: 750
Annual Trash Exp: 3565.44
Annual Wtr/Swr Exp: 5417.02
Owner Association: No
Annual Other Expense: 4620.72
Operating Exp: 39385.55
Gross Annual Sch Inc: 242589.49
Adjusted Gross Inc: 242589.49
Net Operating Income: 203204.16
Pmt & Rate Info
Cap Rate: 5.21
Equity: 3900000
Contact Info
List Agent Cell Phn2: 602-799-7483
Property Features
Building Type: Commercial
Current Use: Restaurant; Office; Retail
Stories: 1 Story
Construction: Stucco; Metal; Frame - Wood
Roofing: Foam
Floors: Concrete
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Electric
Cooling: Central A/C
Loading Facilities: Grade Level
Interior: Finished
Exterior: Corner Lot; Dual Street Ftg; Landscaping; Building Sign
Fencing: Partial
Parking: Free; Paved Parking
Electric: APS
Gas: None
Water: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Freeway/Highway: Up to 1 Mile
Owner Wants: 1031 Exchange
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
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
Traffic Count: 5,001 to 15,000
Reports/Disclosures: None
Environmental: None

Listing Office: Vestis Group

Last Updated: April - 01 - 2021

9330 E POINSETTIA Drive, Scottsdale, AZ 85260 - MLS# 6214388

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Thursday 13th of May 2021 09:09 PM