$1,150,000
Prescott, AZ 86303
MLS# 994258
Status: Closed
6 baths | 8597 sqft
1 / 23
Property Description
Highly improved 8,597 square foot office building situated in the very desirable Hassayampa Village golf community in Prescott, Arizona. Resort-like Property looks out onto the Capital Canyon Golf Course. A Trophy Office Building! Priced WELL BELOW replacement cost. Lease up in progress, now only one vacancy. Current occupancy 93%. NOI KEEPS GOING UP! now at $71,000 5.5% cap with 7% vacancy. Upside in bringing leases to market rate. Please see Offering Memorandum under Docs tab.
Details
Maps
Documents
Contract/Address/Legal
List Price/SqFt: 151
Comm Type: Office
REO/Short Sale: Not Applicable
Zoning: SPC
Zoning Description: Specially Planned Co
Assessor's Book #: 108
Assessor's Map #: 20
Assessor's Parcel #: 20
Legal: PARCEL C AT HASSAYAMPA LOT C-1 CONT .71AC SEC 6-13N-2W M&P 40/ 85 -88
General Property Description
Aprx Acres: 0.71
Lot Size: 30928
Buildings: 1
Source of Measuremnt: Builder Plans
Stories: 2
Parking Spaces: 28
Management: Owner
Vac Rate %: 7
CAM $: 0
GRM: 0
CC & R: No
Property Use: Investment Prop
Construction Status: Existing
Max Contgs/Bldg Sz: 8597
Space Available: Yes
Suite #: 8
Total Liveable SqFt: 8597
Year Built: 2008
NOI $: 71315
Cap %: 5.5
Baths - Full: 1
Total Bathrooms: 6
Tax Info
Taxes: 13627
Tax Year: 2015
Remarks & Misc
Directions: Gurley (Thumb Butte) to Hassayampa Village Lane. Property is located on the corner of Hassayampa Village Lane and Rustic Timbers Lane. OR take Copper Basin To Hassayampa...
Remarks: Highly improved 8,597 square foot office building situated in the very desirable Hassayampa Village golf community in Prescott, Arizona. Resort-like Property looks out onto the Capital Canyon Golf Course. A Trophy Office Building! Priced WELL BELOW replacement cost.
Lease up in progress, now only one vacancy.
Current occupancy 93%. NOI KEEPS GOING UP! now at $71,000 5.5% cap with 7% vacancy. Upside in bringing leases to market rate. Please see Offering Memorandum under Docs tab.
Status Change Info
Sold Price/SqFt: 134
Financing: Conventional
Under Contract Date: 2017-05-10
Sold Date: 2017-08-16
Sold Price: $1,150,000
Building Type
Office - Building: 1
Construction
Architect Concept: 1
Frame - Wood: 1
Stucco: 1
Cooling
Central Air: 1
External Amenities
Handicap Access: 1
Landscaped: 1
Paved Parking: 1
Flooring
Carpet: 1
Tile: 1
Wood: 1
Heating
Natural Gas: 1
Zoned: 1
Possession
At Recordation: 1
Records Available
Other - See Remarks: 1
Road Responsibility
City Maintained Road: 1
Roof
Tile: 1
Bathrooms
ADA: 1
Public: 1
Separate M and W: 1
Staff: 1
Business Location
Freestanding Bldg: 1
Office/Professional: 1
Terms & Conditions
Conventional: 1
Submit: 1
Commercial Amenities
Ceiling Ht. 12-15: 1
Utilities Installed
Electricity: 1
Natural Gas: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Elevator(s): 1
Fire/Smoke Detector: 1
Security/Alarm: 1
Sprinklers: 1
Parking
On-Site: 1
ContractAddressLegal
Original List Price: 1295000
Listing Date: 2016-04-01
Status: Closed
Listing Price: 1295000
Street #: 1745
Street Name: Rustic Timbers
St Suffix: Lane
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Tax Parcel: 108-20-020
Property Features
Bathrooms: ADA; Public; Separate M and W; Staff
Building Type: Office - Building
Business Location: Freestanding Bldg; Office/Professional
Commercial Amenities: Ceiling Ht. 12-15
Construction: Architect Concept; Frame - Wood; Stucco
Cooling: Central Air
External Amenities: Handicap Access; Landscaped; Paved Parking
Flooring: Carpet; Tile; Wood
Heating: Natural Gas; Natural Gas; Zoned
Internal Amenities: Elevator(s); Fire/Smoke Detector; Security/Alarm; Sprinklers
Parking: On-Site
Possession: At Recordation
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road
Roof: Tile
Utilities Installed: Electricity; Natural Gas; Water - City; WWT - City Sewer
Offering Memorandum 
Listing Office: Arizona Commercial
Last Updated: May - 20 - 2020
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