40 E Indianola Avenue, Phoenix, AZ 85012

$14,000,000
Property Type: Commercial/Indstrial Square Footage: 73,196 Status: Closed
Current Price: $14,000,000 List Date: 2/14/2023 Last Modified: 6/20/2023

Description

The medical building is currently configured with 86 total beds comprised of 39 double-occupancy rooms, three single-occupancy rooms and five high-acuity beds in the intensive care unit wing located on floors three and four. The facility, the property includes physical therapy rooms, surgery center with one operating room, imaging suite, administrative offices, commercial kitchen with equipment in-place and a dining hall.Formerly used as a long-term acute care (LTAC) hospital and has since gone through an extensive re-zoning process to add maximum zoning and use flexibility. The property's zoning includes the following uses, which are uses allowed by right with no special use permit required. The property also includes an extensive amount of FF&E.

More Information MLS# 1054026

ContractAddressLegal

Original List Price: 14000000 Listing Date: 2022-06-01 Status: Closed Listing Price: 14000000 Street #: 40 Direction: E Street Name: Indianola St Suffix: Avenue City/Township: Phoenix State: AZ Zip Code: 85012 County: Maricopa Tax Parcel: 118-25-005C, 022A, 023A, 024A, 025A

General Property Description

Buildings: 1 Total Liveable SqFt: 73196 Source of Measuremnt: Owner Stories: 4 Parking Spaces: 136 Year Built: 1982

Tax Info

Taxes: 178311 Tax Year: 2022

Status Change Info

Under Contract Date: 2022-08-22 Sold Date: 2023-02-03 Sold Price: $14,000,000 Sold Price/SqFt: 191 Financing: Conventional

Property Features

Bathrooms: ADA; Interior Building Type: Medical/Dental Business Location: Freestanding Bldg Commercial Amenities: Ceiling Ht. Under 12 Construction: Block/Brick; Frame - Wood; Stucco Cooling: Other; See Remarks External Amenities: Handicap Access; Landscaped; Paved Parking; Security Lights Flooring: Laminate; Tile Heating: Other; See Remarks Internal Amenities: Elevator(s); Kitchen; Other - See Remarks Parking: On-Site Possession: At Recordation Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Rolled/Hot Mop Utilities Installed: Electricity; Natural Gas; Security System; Water - City; WWT - City Sewer
Listing Office: NON-MEMBER
Last Updated: June - 20 - 2023
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