Fantastic Commercial Wholesale deal. Close to freeway access (51 and 1-10), airport, sports venues, entertainment, and business districts.
Need set: Fill the building with tenants. Area average lease rate is $12/sq ft.
Estimated CAP rate 19%.
- vacant move in ready
- Building Size 8,356 SF
- gated parking lot
- fancy security system
- high tech office wiring
- fastest internet connection in town (direct lop to Cox Communication)
- radio recording studios
- executive offices
- No. Stories 2
- Building Class "B"
- Year Built 1960 (remodeled in 2006)
- Lot Size 0.56 AC
- 32 parking spots
Wholesale price: $519,900
Estimated value after occupancy: $650k
Close of escrow on or before 7/29/2016. First signed contract and $2500 non-refundable deposit to title wins. Buyer pays all closing costs.
See below for fun disclaimers:
All Prices based on cash sale with $2500 non-refundable deposit to secure property.
IMPORTANT INFORMATION
- All properties offered are either owned or are under contract and selling equitable interest or offered in conjunction with business associate.
- One of managing members is a licensed Real Estate Agent in the state of Arizona.
- If estimated values are provided, they are based on interpretation of MLS and Tax Data.
- Hard Money Available on most transactions at range of 14-18% with 20-30% down and transaction fee.
- Price is net to seller and Buyer pays all closing cost
- Buyer agrees to double close of escrow
Investors/buyers
are encouraged to conduct their own due diligence. The members of the
selling entity are not tax or financial advisers. You should consult
with a certified financial and/or tax adviser on any investment you are
considering. Buyer pays all closing costs.
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