15433 N TATUM Boulevard, Phoenix, AZ 85032
$2,375,000
Property Type:
Comm/Industry Sale
Square Footage:
14,023
Lot Size (sq. ft.):
37,462
Status:
Closed
Current Price:
$2,375,000
List Date:
8/24/2023
Last Modified:
6/07/2025
Description
The property for sale is a leased two-story, multi-tenant office building located in North Phoenix near Greenway Rd & Tatum Blvd. This property is well located near North Scottsdale and benefits from easy access to the SR-51 and Loop 101. The building is currently configured into nine suites, all occupied, with the exception of one previously owner-occupied. The largest suite is 3,200 RBA and is built out as a medical/dentist with a current lease expiration of June 2032. The eight other suites are ±700-1,250 square feet and have varying short-term leases, four of which are month to month, and one of which is currently vacant. The seller reports the building has always been easy to fill, which creates an excellent value add opportunity.
More Information MLS# 6551808
Contract Info
Current Price: $2,375,000
Sold Price: $2,375,000
Status: Closed
List Date: 2023-05-03
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: L36
House Number: 15433
Compass: N
Street Name: TATUM
St Suffix: Boulevard
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 4230
Country: US
County Code: Maricopa
Assessor Number: 215-33-391
Tax Year: 2022
General Property Description
Ttl Apx SqFt Bldg: 14023
# of Buildings: 1
Year Built: 1999
Uncvrd Parking Spcs: 27
Zoning: C-O
Remarks Misc
Cross Street: E Greenway Rd & N Tatum Blvd
Directions: Head North on N Tatum Blvd, the property will be on your right.
Geo Lat: 33.627196
Geo Lon: -111.977266
Status Change Info
Status Change Date: 2023-08-29
Off Market Date: 2023-08-24
Under Contract Date: 2023-05-31
Close of Escrow Date: 2023-08-28
Sold Price: $2,375,000
Legal Info
Township: 3N
Range: 4E
Section: 5
Lot Number: -
Income Expenses
Net Operating Income: 152770
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Building Type: Commercial; Office
Business Type: Professional/Office
Stories: 2 Stories
Construction: Other
Roofing: Other
Floors: Other
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Other; See Remarks
Cooling: Other; See Remarks
Loading Facilities: Other (See Remarks)
Interior: Other (See Remarks)
Fencing: Other; See Remarks
Parking Features: Other
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Use Restrictions: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: R.O.I. Properties
Last Updated: June - 07 - 2025
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