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

Contract/Address/Legal

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

General Property Description

Buildings: 1 Source of Measuremnt: Owner Stories: 4 Parking Spaces: 136 Vac Rate %: 0 CAM $: 0 GRM: 0 Total Liveable SqFt: 73196 Year Built: 1982

Tax Info

Taxes: 178311 Tax Year: 2022

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.

Status Change Info

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

Building Type

Medical/Dental: 1

Construction

Block/Brick: 1 Frame - Wood: 1 Stucco: 1

Cooling

Other: 1 See Remarks: 1

External Amenities

Handicap Access: 1 Landscaped: 1 Paved Parking: 1 Security Lights: 1

Flooring

Laminate: 1 Tile: 1

Heating

Other: 1 See Remarks: 1

Possession

At Recordation: 1

Records Available

Other - See Remarks: 1

Road Responsibility

City: 1 City Maintained Road: 1 Paved: 1

Roof

Rolled/Hot Mop: 1

Bathrooms

ADA: 1 Interior: 1

Business Location

Freestanding Bldg: 1

Terms & Conditions

Lease/Purchase: 1

Commercial Amenities

Ceiling Ht. Under 12: 1

Utilities Installed

Electricity: 1 Natural Gas: 1 Security System: 1 Water - City: 1 WWT - City Sewer: 1

Internal Amenities

Elevator(s): 1 Kitchen: 1 Other - See Remarks: 1

Parking

On-Site: 1

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

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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