$2,325,000
Prescott, AZ 86305
MLS# 977733
Status: Closed
21616 sqft
1 / 3
Property Description
BRAND NEW 6 YEAR LEASE WITH ANCHOR TENANT BIG 5 SPORTING GOODS in 50% of the building. Part of Prescott Towne Center, well located across from Super WalMart. 100% occupied (3% vacancy is a storage area). Four tenants in addition to BIG 5: H&R Block, The Windsock Billiards, Waffle House Restaurant and Biddle Outdoors, all of which have been in the center over 10 years. Corporate lease with BIG 5, 4 option terms with ±10% increases offering great upside to the investment. Well below replacement cost at $111/sf. New roof, parking lot resurfaced spring 2014. DOWNLOAD FLYER.
Details
Maps
Documents
Contract/Address/Legal
Original List Price: 2400000
Listing Date: 2014-03-28
Status: Closed
Listing Price: 2400000
List Price/SqFt: 111
Street #: 1365
Direction: W
Street Name: Iron Springs
City/Township: Prescott
State: AZ
Zip Code: 86305
County: Yavapai
Comm Type: Retail
Zoning: BG
Zoning Description: BUSINESS GENERAL
Business Type: RETAIL
Business Name: PRESCOTT TOWNE CENTER
Tax Parcel: 115-05-067U
Assessor's Book #: 115
Assessor's Map #: 5
Assessor's Parcel #: 67
Assessor Parcel Ltr: U
REO/Short Sale: Not Applicable
Legal: AN IRREG PCL SW4 NE4 SW COR APPROX 113' E FROM SEC CTR S29 STR 29 -14-2W CONT 1.71AC
General Property Description
Lot Size: 1.71
Aprx Acres: 1.71
Buildings: 1
Total Liveable SqFt: 21616
Source of Measuremnt: Owner
Stories: 1
Floor: 1
Parking Spaces: 126
Year Built: 1983
Management: Mgmt Company
Vac Rate %: 3
Gross Vol/Yr $: 244284
Cap %: 7.81
CAM $: 2.63
Baths - Full: 5
Property Use: Investment Prop
Construction Status: Existing
CC & R: Yes
CC & R Type: Other - See Remarks
Tax Info
Taxes: 15197
Tax Year: 2013
Remarks & Misc
Directions: Montezuma north, to Whipple west, to Iron Springs Rd.
Office/Member Info
Listing Exclusions: No
Compensation: 2
Compensation Type: %
Status Change Info
Under Contract Date: 2014-08-13
Sold Date: 2014-08-13
Sold Price: $2,325,000
Sold Price/SqFt: 108
Financing: Conventional
Heating
Natural Gas: 1
Property Features
Bathrooms: ADA; Separate M and W; Unisex
Building Type: 5+ Units
Business Location: Freestanding Bldg
Commercial Amenities: Ceiling Ht. 12-15; Overhead Door(s)
Construction: Block/Brick; Frame - Steel
Cooling: Central Air
External Amenities: Handicap Access; Landscaped; Paved Parking
Flooring: Carpet; Concrete; Tile
Heating: Zoned
Internal Amenities: Fire/Smoke Detector; Security/Alarm; Sprinklers
Parking: On-Site
Possession: Subject to Tenant
Records Available: Alta Survey; Phase I; Site Plan
Road Responsibility: City Maintained Road
Roof: Rolled/Hot Mop; Welded Membrane
Terms & Conditions: Conventional
Utilities Installed: 220; Electricity; Fire Hydrant; Individual Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer
FLYER 
Listing Office: Arizona Commercial LLC
Last Updated: May - 01 - 2018
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