$1,950,000
Prescott, AZ 86301
MLS# 1066889
Status: Closed
10462 sqft
1 / 9
Property Description
Portfolio of two well located multi-tenant properties. Originally built for the current Seller, they are well constructed, well maintained. A mix of retail and office with a total of 5 tenants in 10,462 SF. Tenants are a fitness center, insurance, construction, interior design and photography studio. Both properties are in main traffic corridors with high visibility. Low rents with some short-term leases allow you to build income. Price per square foot is well below replacement cost. 301 Whipple Street, built in 2007, has three long-term tenants in a total of 5,626 SF. 1702 Willow Creek, built in 2003, includes an interior design studio and photography studio in 4,836 SF. Current 5.95% cap rate with low rents. Quality buildings with opportunity for income growth.
Details
Maps
Contract/Address/Legal
List Price/SqFt: 196
Neighborhood: N/A
Comm Type: Retail
REO/Short Sale: Not Applicable
Zoning: IT, RO
Zoning Description: Office, Retail
Assessor's Book #: 113
Assessor's Map #: 2
Assessor's Parcel #: 72
Assessor Parcel Ltr: B
Legal: AN IRREG SHAPED PCL LYING WITHIN S28-T14N-R2W ALL LYING SLY OF TH E WHIPPLE STREET R/W SW COR LYING APPROX 179' ELY & 61' NLY FROM THE NW COR OF DAMERON PARK ADDN PER M&P 3/29 STR 28-14-2W CONT 0. 78AC
General Property Description
Aprx Acres: 0.78
Lot Size: 33969
Buildings: 2
Source of Measuremnt: Owner
Stories: 1
Parking Spaces: 30
Management: Owner
Gross Vol/Yr $: 153744
Vac Rate %: 0
CAM $: 0
GRM: 0
CC & R Fees: 5627
Property Use: Investment Prop
Construction Status: Existing
Max Contgs/Bldg Sz: 5626
Space Available: No
Total Liveable SqFt: 10462
Year Built: 2007
NOI $: 127879
Cap %: 6.24
Baths - Full: 5
Tax Info
Taxes: 10351
Tax Year: 2023
Remarks & Misc
Directions: 301 Whipple next to Sonic and 1702 Willow Creek Rd on NW Corner of Willow Creek and Rosser Street.
Remarks: Portfolio of two well located multi-tenant properties. Originally built for the current Seller, they are well constructed, well maintained. A mix of retail and office with a total of 5 tenants in 10,462 SF. Tenants are a fitness center, insurance, construction, interior design and photography studio. Both properties are in main traffic corridors with high visibility. Low rents with some short-term leases allow you to build income. Price per square foot is well below replacement cost. 301 Whipple Street, built in 2007, has three long-term tenants in a total of 5,626 SF. 1702 Willow Creek, built in 2003, includes an interior design studio and photography studio in 4,836 SF. Current 5.95% cap rate with low rents. Quality buildings with opportunity for income growth.
Office/Member Info
Listing Exclusions: No
Status Change Info
Sold Price/SqFt: 186
Financing: Exchange
Under Contract Date: 2025-01-28
Sold Date: 2025-04-01
Sold Price: $1,950,000
Building Type
2-4 Units: 1
Office - Building: 1
Retail - Free Stand: 1
Construction
Other - See Remarks: 1
Cooling
See Remarks: 1
External Amenities
Paved Parking: 1
Flooring
See Remarks: 1
Heating
Zoned: 1
Possession
Other: 1
Records Available
Other - See Remarks: 1
Road Responsibility
City Maintained Road: 1
Roof
Other - See Remarks: 1
Bathrooms
Interior: 1
Business Location
Corner Location: 1
Freestanding Bldg: 1
Multiple Locations: 1
Traffic Signal: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Commercial Amenities
Other - See Remarks: 1
Utilities Installed
Other - See Remarks: 1
Internal Amenities
Bathroom: 1
Other - See Remarks: 1
Parking
On-Site: 1
ContractAddressLegal
Original List Price: 2150000
Listing Date: 2024-07-24
Status: Closed
Listing Price: 2050000
Street #: 301
Street Name: Whipple
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: None
County: Yavapai
Tax Parcel: 113-02-072B
Property Features
Bathrooms: Interior
Building Type: 2-4 Units; Office - Building; Retail - Free Stand
Business Location: Corner Location; Freestanding Bldg; Multiple Locations; Traffic Signal
Commercial Amenities: Other - See Remarks
Construction: Other - See Remarks
Cooling: See Remarks
External Amenities: Paved Parking
Flooring: See Remarks
Heating: Zoned
Internal Amenities: Bathroom; Other - See Remarks
Parking: On-Site
Possession: Other
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road
Roof: Other - See Remarks
Utilities Installed: Other - See Remarks
Listing Office: Invest Southwest
Last Updated: April - 03 - 2025
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