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

Overview

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.

Listing Details MLS# 1054026

ContractAddressLegal

Original List Price: 14000000
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: Yes
Total Liveable SqFt: 73196
Source of Measuremnt: Owner
Stories: 4
Parking Spaces: 136
Year Built: 1982
Vac Rate %: 0
CAM $: 0
GRM: No

Tax Info

Taxes: 178311
Tax Year: 2022

Status Change Info

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

Contract/Address/Legal

List Price/SqFt: 191
Comm Type: Health Care
REO/Short Sale: Not Applicable
Zoning: R-5

Remarks & Misc

Directions: The property is located just southeast of East Indian School Road and North Central Avenue on the NWC of N 2nd Street and E Indianola Avenue.
Remarks: 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

Building Type

Medical/Dental: Yes

Construction

Block/Brick: Yes
Frame - Wood: Yes
Stucco: Yes

Cooling

Other: Yes
See Remarks: Yes

External Amenities

Handicap Access: Yes
Landscaped: Yes
Paved Parking: Yes
Security Lights: Yes

Flooring

Laminate: Yes
Tile: Yes

Heating

Other: Yes
See Remarks: Yes

Possession

At Recordation: Yes

Records Available

Other - See Remarks: Yes

Road Responsibility

City: Yes
City Maintained Road: Yes
Paved: Yes

Roof

Rolled/Hot Mop: Yes

Bathrooms

ADA: Yes
Interior: Yes

Business Location

Freestanding Bldg: Yes

Terms & Conditions

Lease/Purchase: Yes

Commercial Amenities

Ceiling Ht. Under 12: Yes

Utilities Installed

Electricity: Yes
Natural Gas: Yes
Security System: Yes
Water - City: Yes
WWT - City Sewer: Yes

Internal Amenities

Elevator(s): Yes
Kitchen: Yes
Other - See Remarks: Yes

Parking

On-Site: Yes

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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