40 E Indianola Avenue, Phoenix, AZ 85012 (MLS# 1054026)


$14,000,000
40 E Indianola Avenue
Phoenix, AZ 85012
MLS# 1054026
Status: Closed
73196 sqft


40 E Indianola Avenue, Phoenix, AZ 85012
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40 E Indianola Avenue, Phoenix, AZ 85012 40 E Indianola Avenue, Phoenix, AZ 85012 40 E Indianola Avenue, Phoenix, AZ 85012 40 E Indianola Avenue, Phoenix, AZ 85012 40 E Indianola Avenue, Phoenix, AZ 85012 40 E Indianola Avenue, Phoenix, AZ 85012 40 E Indianola Avenue, Phoenix, AZ 85012 40 E Indianola Avenue, Phoenix, AZ 85012 40 E Indianola Avenue, Phoenix, AZ 85012

Property 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.

Details
Maps
Contract/Address/Legal
Original List Price: 14000000
Listing Date: 2022-06-01
Status: Closed
Listing Price: 14000000
List Price/SqFt: 191
Street #: 40
Direction: E
Street Name: Indianola
St Suffix: Avenue
City/Township: Phoenix
State: AZ
Zip Code: 85012
County: Maricopa
Comm Type: Health Care
Zoning: R-5
Tax Parcel: 118-25-005C, 022A, 023A, 024A, 025A
REO/Short Sale: Not Applicable
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
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.
Office/Member Info
Compensation: 2
Compensation Type: %
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
Terms & Conditions: Lease/Purchase
Utilities Installed: Electricity; Natural Gas; Security System; Water - City; WWT - City Sewer

Listing Office: NON-MEMBER

Last Updated: June - 20 - 2023


The listing broker’s offer of compensation is the dollar amount or percentage of sale price the listing broker offers to pay a broker who (a) participates in the multiple listing service where the listing broker filed the listing and (b) procures the buyer for a successful transaction.

The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.


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