$15
Prescott, AZ 86301
MLS# 992112
Status: Closed
4446 sqft
1 / 6
Property Description
Newly renovated retail building scheduled for completion 4/2016. 100% leased with national and regional tenants, Sprint and Rosatti's Pizza. 5 and 7 year leases, great credit, stepped rental increases. Excellent investment, essentially a new building.
Details
Maps
Documents
Contract/Address/Legal
Original List Price: 1500000
Listing Date: 2016-01-15
Status: Closed
Listing Price: 1500000
List Price/SqFt: 337
Street #: 203
Direction: W
Street Name: Willis
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Comm Type: Retail
Zoning: DTB
Zoning Description: Downtown business di
Tax Parcel: 113-15-073B
Assessor's Book #: 113
Assessor's Map #: 15
Assessor's Parcel #: 73
Assessor Parcel Ltr: B
REO/Short Sale: Not Applicable
Legal: PRESCOTT - THE W 106' OF LOT 1 BLK 7 1725/949
General Property Description
Lot Size: 5227
Aprx Acres: 0.12
Buildings: 1
Total Liveable SqFt: 4446
Source of Measuremnt: Builder Plans
Stories: 1
Parking Spaces: 6
Year Built: 1960
Management: Mgmt Company
NOI $: 93735
Cap %: 6.25
CAM $: 3.52
Baths - Full: 2
GRM: 00
CC & R Fees: 4405
Tax Info
Taxes: 3867
Tax Year: 16
Remarks & Misc
Directions: North on Montezuma, west on Willis
Office/Member Info
Listing Exclusions: No
Compensation: 2
Compensation Type: %
Status Change Info
Under Contract Date: 2016-11-20
Sold Date: 2016-11-22
Sold Price: $15
Financing: Cash
Heating
Natural Gas: 1
Property Features
Bathrooms: ADA
Building Type: 2-4 Units; Retail - Free Stand
Business Location: Freestanding Bldg; Traffic Signal
Commercial Amenities: Ceiling Ht. Under 12
Construction: Architect Concept; Block/Brick
Cooling: Central Air
External Amenities: Handicap Access; Paved Parking
Flooring: Concrete
Heating: Electric
Internal Amenities: Fire/Smoke Detector; Sprinklers
Parking: On-Site
Possession: Other
Records Available: Alta Survey; Phase I; Site Plan
Roof: Other - See Remarks
Terms & Conditions: Conventional
Utilities Installed: Electricity; Individual Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer
OFFERING MEMORANDUM 
Listing Office: Arizona Commercial LLC
Last Updated: May - 01 - 2018
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.
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