$1,050,000
Prescott, AZ 86301
MLS# 1034293
Status: Closed
8 baths | 6496 sqft
1 / 40
Property Description
Professional office investment property FOR SALE. Centrally located between Prescott, Prescott Valley and Chino Valley and within the City of Prescott. Excellent Tenant mix with the A/B suite combined & leased by Mandalay Communities, C suite is broken into prof. offices and has 3 Tenants; Terra Sole Landscaping, Mosaic Const. & Mandalay Realty. D suite is leased to Evergreen Home Loans. Occupancy is 100% - approx. 6.8% cap rate. Property is under a POA, quarterly fees are $632.78 which includes water, sewer, trash, parking lot maintenance and landscape maintenance. Large common parking area, low maintenance stucco exterior with tile roof, well designed suites with 2 restrooms per suite and all suites have a kitchenette.
Details
Maps
Contract/Address/Legal
List Price/SqFt: 162
Comm Type: Office
REO/Short Sale: Not Applicable
Zoning: IT-PAD
Assessor's Book #: 106
Assessor's Map #: 18
Assessor's Parcel #: 340
Assessor Parcel Ltr: F
Legal: LOT 1 2ND REPLAT LOT E CONT .19AC SEC 14-14-2W M&P 49/36 PRESCOTT LAKES COMMERCE CENTER BOOK 49 PAGE 36
General Property Description
Aprx Acres: 0.19
Lot Size: 8220
Buildings: 1
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 23
Management: Owner
Vac Rate %: 0
CAM $: 23600
GRM: 0
CC & R: Yes
CC & R Type: Subdivision
CC & R Fees: 6496
CC & R Frequency: Quarterly
Property Use: Investment Prop
Construction Status: Existing
Max Contgs/Bldg Sz: 6496
Space Available: No
Total Liveable SqFt: 6496
Year Built: 2005
NOI $: 70955
Cap %: 6.8
Baths - Full: 4
Total Bathrooms: 8
Tax Info
Taxes: 7549
Tax Year: 2020
Remarks & Misc
Directions: Hwy 89 to west on Willow Lake Rd. to south on Prescott Lakes Parkway to property on east side of Prescott Lakes Parkway.
Remarks: Professional office investment property FOR SALE. Centrally located between Prescott, Prescott Valley and Chino Valley and within the City of Prescott. Excellent Tenant mix with the A/B suite combined & leased by Mandalay Communities, C suite is broken into prof. offices and has 3 Tenants; Terra Sole Landscaping, Mosaic Const. & Mandalay Realty. D suite is leased to Evergreen Home Loans. Occupancy is 100% - approx. 6.8% cap rate. Property is under a POA, quarterly fees are $632.78 which includes water, sewer, trash, parking lot maintenance and landscape maintenance. Large common parking area, low maintenance stucco exterior with tile roof, well designed suites with 2 restrooms per suite and all suites have a kitchenette.
Office/Member Info
Listing Exclusions: No
Status Change Info
Sold Price/SqFt: 162
Financing: Exchange
Under Contract Date: 2020-11-21
Sold Date: 2020-12-18
Sold Price: $1,050,000
Building Type
2-4 Units: 1
Office - Building: 1
Construction
Frame - Wood: 1
Stucco: 1
Cooling
Central Air: 1
External Amenities
Handicap Access: 1
Landscaped: 1
Paved Parking: 1
Flooring
Carpet: 1
Laminate: 1
Tile: 1
Heating
Natural Gas: 1
Possession
Other: 1
Records Available
Other - See Remarks: 1
Road Responsibility
City: 1
City Maintained Road: 1
Paved: 1
Roof
Tile: 1
Bathrooms
ADA: 1
Separate M and W: 1
Staff: 1
Unisex: 1
Business Location
Business Park: 1
Freestanding Bldg: 1
Office/Professional: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Commercial Amenities
Ceiling Ht. Under 12: 1
None: 1
Utilities Installed
220: 1
Electricity: 1
Individual Meter: 1
Natural Gas: 1
Telephone: 1
Underground: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Fire/Smoke Detector: 1
Kitchen: 1
Security/Alarm: 1
Parking
On-Site: 1
ContractAddressLegal
Original List Price: 1050000
Listing Date: 2020-11-13
Status: Closed
Listing Price: 1050000
Street #: 1955
Street Name: Commerce Center
St Suffix: Circle
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Tax Parcel: 106-18-340F
Property Features
Bathrooms: ADA; Separate M and W; Staff; Unisex
Building Type: 2-4 Units; Office - Building
Business Location: Business Park; Freestanding Bldg; Office/Professional
Commercial Amenities: Ceiling Ht. Under 12; None
Construction: Frame - Wood; Stucco
Cooling: Central Air
External Amenities: Handicap Access; Landscaped; Paved Parking
Flooring: Carpet; Laminate; Tile
Heating: Natural Gas; Natural Gas
Internal Amenities: Fire/Smoke Detector; Kitchen; Security/Alarm
Parking: On-Site
Possession: Other
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Tile
Utilities Installed: 220; Electricity; Individual Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: December - 28 - 2020
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.