83566 Playa La Jolla, Outside of USA,
$24,500,000
Property Type:
Comm/Industry Sale
Square Footage:
300,000
Lot Size (sq. ft.):
596,772
Status:
Active
Current Price:
$24,500,000
List Date:
4/24/2023
Last Modified:
9/22/2023
Description
Shovel ready and offering Seller Financing with 25% down 8% interest, 5 year balloon. Immediate construction on Sea of Cortez - 13.7 Acres of prestigious seaside gated community of Puerto Penasco, where unparalleled beauty of the sea of Cortez and the Morua Estuary come alive. Breathtaking views, Puerto Penasco is the perfect destination for investor looking for a shovel ready opportunity. Just a short fifteen to twenty-minute drive from the city center, Puerto Penasco offers a safe and friendly environment for families, groups, and individuals. Offering Seller Financing, Phase 1, 2 and 3 can each be sold separately.
Supplements: 25% return incentive on 13 unfinished units and adjacent pool by advancing 1.8 million on JV bases once these units are sold, plus first right opportunity in future phases. MAI APPRAISAL available upon request.
More Information MLS# 6548074
Contract Info
Current Price: $24,500,000
List Price: $24,500,000
Status: Active
List Date: 2023-04-24
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: C90
House Number: 83566
Street Name: Playa La Jolla
St Suffix: --
City/Town Code: Outside of USA
Zip Code: 00000
Country: USA
County Code: Other
Add'l Parcels: No
Assessor Number: 000-00-000
Legal: 13.7 acre development of 263 condominium, 37 home sites.
Tax Municipality: OUTSIDE ARIZONA
General Property Description
Ttl Apx SqFt Bldg: 300000
# of Buildings: 40
Year Built: 2026
Uncvrd Parking Spcs: 300
Zoning: MF, Hotel, RES
Remarks & Misc
Cross Street: Interstate 3 & Freemont
Directions: Take Freemont west of Interstate 3 to Cam A Playa Encanto, road ends at development.
Geo Lat: 31.535357
Geo Lon: -113.73422
Status Change Info
Status Change Date: 2023-04-24
Legal Info
Lot Number: 1-40
Income & Expenses
Owner Association: No
Pmt & Rate Info
Equity: 24500000
Showing Notification Methods
Showing Service: ShowingTime
Property Features
Building Type: Commercial; Other (See Remarks)
Current Use: Mixed Use; Recreational; See Remarks
Stories: 5 - 10 Stories
Construction: Other (See Remarks)
Roofing: Other (See Remarks)
Floors: Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Other
Cooling: Other
Loading Facilities: Other (See Remarks)
Interior: Other (See Remarks)
Exterior: Other (See Remarks)
Fencing: See Remarks
Amenities: Other (See Remarks)
Parking: Other (See Remarks)
Electric: Underground; Individual Meter; Other (See Remarks)
Gas: Underground; Other (See Remarks)
Water: Other
Sewer: Sewer - Available; Other (See Remarks)
Freeway/Highway: 1.1 - 2 Miles
Railroad: Other (See Remarks)
Owner Wants: Owner May Carry; 1031 Exchange; Trade
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Unknown
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Gravel; Treated; Asphalt
Traffic Count: Up to 5,000
Reports/Disclosures: Soil Test; Perc Test; Seller Prop Disc Stm; Archeological Site; Coastal Barrier Act; Appraisal; Boundary Survey Avlb; ALTA Survey Availbl; Development Plan Avl; Special Assmnt Dist; Water Cap/Quality Rp; Vicinity of an Airport; Flood Elevation Certificate; Other (See Remarks)
Use Restrictions: Other (See Remarks)
Environmental: Phase I Available; Phase II Available; Other (See Remarks)
Documents
Features & Benefits ›Listing Office: Russ Lyon Sotheby's International Realty
Last Updated: September - 22 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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