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16712 E Avenue of the Fountains 2,500 SF Vacant Office Building Fountain Hills, AZ 85268 $888,581 CAD ($355.43 CAD/SF) 5% Cap Rate



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
$888,581 CAD
Price Per SF
$355.43 CAD
Cap Rate
5%
NOI
$44,429 CAD
Percent Leased
Vacant
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
Amenities
- Air Conditioning
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 176-05-131 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $55,781 CAD |
Property Taxes
Parcel Number
176-05-131
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$55,781 CAD
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Photos
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Map
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Presented by
Mitchell Young
16712 E Avenue of the Fountains
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