261 E UNIVERSITY Drive, Phoenix, AZ 85004
$5,287,500
Property Type:
Comm/Industry Sale
Square Footage:
45,907
Lot Size (sq. ft.):
151,094
Status:
Closed
Current Price:
$5,287,500
List Date:
8/20/2024
Last Modified:
7/31/2025
Description
BACK ON THE MARKET 2/26/24 - Great location just south of downtown Phoenix ** Former manufacturing facility with lots of power (2,000 amp PLUS 1,200 amp) ** Eight dock high doors and three grade level roll-ups (two 12 ft and one 14 ft) ** Small office/kitchenette ** Storage shed plus two covered sheds **
More Information MLS# 6636923
Contract Info
Ownership: Fee Simple
Current Price: $5,287,500
Sold Price: $5,287,500
Status: Closed
List Date: 2023-12-04
Location, Tax & Legal
Assessor's Map #: 42
Legal Description (Abbrev): LOT 1 TRENDWOOD INCORPORATED MCR 098607
Assessor's Parcel #: 217
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114900
Taxes: 34382
Legal: LOT 1 TRENDWOOD INCORPORATED MCR 098607
Marketing Name: Trentwood
House Number: 261
Compass: E
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85004
Zip4: 2921
County Code: Maricopa
Subdivision: TRENDWOOD INCORPORATED
Assessor Number: 112-42-217
Tax Year: 2023
General Property Description
Type of Property: Commercial Warehouse
Ttl Apx SqFt Bldg: 45907
# of Buildings: 4
Uncvrd Parking Spcs: 0
Lot Size Dimensions: irregular
Flood Zone: No
Year Built: 1979
Zoning: L-1, A-1
Legal Info
Range: 3E
Section: 17
Township: 1N
Lot Number: 1
Construction
Metal: 1
Roofing
Rolled: 1
Floors
Concrete: 1
Bay Info
# of Bays: 8
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 34382
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Manufacturing: 1
Distribution/Warehouse: 1
Business Type
Other: 1
Stories
1 Story: 1
Pmt & Rate Info
Down Payment: 0
Equity: 7500000
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
10.1 Feet to 12 Feet: 1
14.1 Feet to 16 Feet: 1
Heating
Other: 1
Cooling
Window/Wall Unit: 1
Office Evap: 1
Interior Features
Other (See Remarks): 1
Loading Facilities
Dock High: 1
Grade Level: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Other (See Remarks): 1
Fencing
Chain Link: 1
Water Source
City Franchise: 1
Building Features
Other (See Remarks): 1
Sewer
Sewer - Public: 1
Parking Features
Private: 1
Electric
APS: 1
Gas
None: 1
New Financing
Cash Only: 1
Cash to Loan: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Sold Info
Loan Type: Other
Loan Years: 25
Payment Type: Fixed
Clsing Cost Split: Seller Assist - A
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 1
Seller Concession $/%: %
Remarks Misc
Cross Street: 7th Street and University
Directions: From 7th Street and University, west to property
Geo Lat: 33.423341
Geo Lon: -112.070031
Status Change Info
Off Market Date: 2024-08-20
Under Contract Date: 2024-06-17
Close of Escrow Date: 2024-09-17
Sold Price: $5,287,500
Property Features
Building Type: Commercial; Manufacturing; Distribution/Warehouse
Business Type: Other
Stories: 1 Story
Construction: Metal
Roofing: Rolled
Floors: Concrete
Ceiling Height: 10.1 Feet to 12 Feet; 14.1 Feet to 16 Feet
Heating: Other
Cooling: Window/Wall Unit; Office Evap
Loading Facilities: Dock High; Grade Level
Interior Features: Other (See Remarks)
Fencing: Chain Link
Building Features: Other (See Remarks)
Parking Features: Private
Electric: APS
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Cash to Loan
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
Road Surface Type: Asphalt
Environmental: None
Listing Office: AZ Brokerage Holdings, LLC
Last Updated: July - 31 - 2025
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