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    6530 N 16TH Street

    Phoenix, AZ 85016
    • $1,750,000
    • STATUS: Active
    • ON SITE: 64 days
    • MLS #: 6239463
    UPDATED: 70 min ago
    $1,750,000
    • 0
      BEDS
    • 0.51
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,588
      SQFT
    • $204
      $/SQFT
    Type:
    Commercial
    Built:
    1982
    County:
    Area:

    School Ratings & Info

    Description

    Two exceptional opportunities to purchase a 8,588 SF professional office in the Piestewa Peak Corridor; available for purchase as an owner-user, OR as a NNN sale leaseback with a 7.5% CAP rate.**Purchase as an owner-user provides an excellent opportunity to own a well-maintained, commercial office which can be fully occupied by one tenant, or divided into multiple units to generate rental income. ****A NNN sale-leaseback will provide a new owner with a 7.5% cap rate, through a sale-leaseback to the current tenant MGSK, a financial services company of 30 years, is ready to sign a new NNN lease $10,930 per month ($15/sf) for 3 years. **This property is located in a in a fast-growing market and a highly desirable area, just north of the Biltmore area, & Phoenix's main finance districand several new developments. Property is within one mile of the SR 51, which provides convenient access to the I-10 and Downtown Phoenix, as well as the Loop 101 Fwy.

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    © 2021 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 Devor Real Estate Associates | My Home Group. Data last updated 2021-07-25T16:12:35.633.
    www.devorandassociates.com/homes/117470551
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    6530 N 16TH Street Phoenix, AZ 85016

    • Price: $1,750,000
    • Status: Active
    • Updated: 70 min ago
    • MLS #: 6239463
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.51
    Acres
    8,588
    SQFT
    $204
    $/SQFT
    1982
    Built
    County:
    Maricopa
    Area:
    Phoenix
    Property Description
    Two exceptional opportunities to purchase a 8,588 SF professional office in the Piestewa Peak Corridor; available for purchase as an owner-user, OR as a NNN sale leaseback with a 7.5% CAP rate.**Purchase as an owner-user provides an excellent opportunity to own a well-maintained, commercial office which can be fully occupied by one tenant, or divided into multiple units to generate rental income. ****A NNN sale-leaseback will provide a new owner with a 7.5% cap rate, through a sale-leaseback to the current tenant MGSK, a financial services company of 30 years, is ready to sign a new NNN lease $10,930 per month ($15/sf) for 3 years. **This property is located in a in a fast-growing market and a highly desirable area, just north of the Biltmore area, & Phoenix's main finance districand several new developments. Property is within one mile of the SR 51, which provides convenient access to the I-10 and Downtown Phoenix, as well as the Loop 101 Fwy.
    Exterior Features

    Construction BlockTilt-Up Covered Parking Spaces 8.00 Exterior Features Monument Sign Fencing BlockOtherSecurity Freeway Highway Up To 1 Mile Parking FencedParking StructurePaved ParkingPrivate Parking Roads AsphaltSidewalk(S) Roofing Rolled Stories 1 Story Total Parking Spaces 35.00 Uncovered Parking Spaces 27.00

    Interior Features

    Amenities Conference RoomReception RoomSecurity Gate Ceiling Height 8.1 Feet To 10 Feet Cooling Central A/C Flooring Other (See Remarks) Heating Electric Interior Features FinishedPublic Restrooms

    Property Features

    Adjusted Gross Inc 0.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Building Type CommercialOffice Cross Street 16th Street And Marylnd Ave Current Use Office Electric Aps Gas Other (See Remarks) Gross Annual Sch Inc 0.00 Hoa Fee 0.00 Hoa YN No Loading Facilities None Lot Number 0 Net Operating Income 0.00 Operating Exp 15355.00 Other Income 0.00 Ownership Fee Simple Pad Fee 0.00 Sewer Sewer - Public Source Of Financial Data Other (See Remarks) Taxes 15355.00 Vacancy Allowance 0.00 Water City Franchise Zoning C-O

    Listing courtesy of R.O.I. Properties.


    © 2021 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 Devor Real Estate Associates | My Home Group. Data last updated 2021-07-25T16:12:35.633.
     
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    Devor Real Estate Associates | My Home Group
    6751 N Sunset Blvd
    Glendale AZ, 85305