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

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

More Information

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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