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16712 E Avenue of the Fountains 2,500 SF 100% Leased Office Building Fountain Hills, AZ 85268 $884,696 CAD ($353.88 CAD/SF) 5% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Property is 2 blocks from Fountain Park & across street from Town Hall & Library. Apartment or Condo conversion opportunity.

EXECUTIVE SUMMARY

Beautiful move-in ready office building near Fountain Hills Town Complex in the heart of Fountain Hills located on the The Avenue of The Fountains and walking distance to world famous Fountain Park. Four distinct secured private light filled offices of about 500 SFT. Two offices upstairs and two on the main floor. One shared bathroom on each level. Open Atrium interior. One of a kind location. East side of property abuts common area adding to privacy. Excellent parking right in front. Seller willing to finance with 20 percent down at 6% for eight years. Zoning permits 2nd floor to be converted to Apartment or condo. New roof surface 2024. AC replaced June of '23. Newer carpet and paint. Property is fully leased but tenants are able to vacate with short notice. Excellent single tenant professional opportunity or lease out additional space for income.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,500 SF
Building Class
C
Year Built
1994
Price
$884,696 CAD
Price Per SF
$353.88 CAD
Cap Rate
5%
NOI
$44,235 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,250 SF
Building FAR
1.91
Lot Size
0.03 AC
Zoning
C-2, Fountains Hills - Commercial

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
176-05-131
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$56,938 CAD
  • Listing ID: 30030402

  • Date on Market: 2023-11-10

  • Last Updated:

  • Address: 16712 E Avenue of the Fountains, Fountain Hills, AZ 85268

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