$1,400,000
Prescott, AZ 86305
MLS# 1063042
Status: Closed
4469 sqft
1 / 29
Property Description
Rare Opportunity to purchase this Credit Single Tenant, Medical Office, NNN Leased Investment located within the Crossings commercial subdivision in Prescott AZ. Offered at $1,400,000, the Going-in CAP Rate is 6.77% with a projected five-year average of 7.14%. This 4,493-sf, single story, medical office building has been leased by Dignity Health/YRMC since 2012. The current lease expires on 3-31-26; however, Dignity Health has one 5-year lease option remaining at 3.0% annual increases with a 12-month written notice by Tenant. Originally built in 2003, the building is in excellent condition and features 12 exam rooms, 2 nurse stations, business office bullpen, manager office, large waiting room, reception desk, a kitchen/break room, 3 storage rooms, 4 restrooms and a private outside patio
Details
Maps
Documents
Contract/Address/Legal
List Price/SqFt: 313
Neighborhood: N/A
Comm Type: Health Care
REO/Short Sale: Not Applicable
Zoning: BG PAD
Assessor's Book #: 106
Assessor's Map #: 49
Assessor's Parcel #: 6
Legal: LOT 9 THE CROSSINGS AT WILLOW CREEK BUSINESS PARK UNIT 2 BOOK 45 PAGE 44
General Property Description
Aprx Acres: 0.7
Lot Size: 30537
Buildings: 1
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 40
Management: Owner
Vac Rate %: 100
CAM $: 0
GRM: 0
Total Liveable SqFt: 4469
Year Built: 2003
NOI $: 94326
Cap %: 6.77
Baths - Full: 1
Tax Info
Taxes: 9260
Tax Year: 2023
Remarks & Misc
Directions: From Downtown Prescott, head north on Willow Creek Road. Turn Left at signal light at Crossings Drive. Head north on Crossings Dr. to Clearwater Dr. Turn Right and the building will be on the left.
Remarks: Rare Opportunity to purchase this Credit Single Tenant, Medical Office, NNN Leased Investment located within the Crossings commercial subdivision in Prescott AZ. Offered at $1,400,000, the Going-in CAP Rate is 6.77% with a projected five-year average of 7.14%. This 4,493-sf, single story, medical office building has been leased by Dignity Health/YRMC since 2012. The current lease expires on 3-31-26; however, Dignity Health has one 5-year lease option remaining at 3.0% annual increases with a 12-month written notice by Tenant. Originally built in 2003, the building is in excellent condition and features 12 exam rooms, 2 nurse stations, business office bullpen, manager office, large waiting room, reception desk, a kitchen/break room, 3 storage rooms, 4 restrooms and a private outside patio
Status Change Info
Sold Price/SqFt: 313
Financing: Conventional
Under Contract Date: 2024-10-01
Sold Date: 2024-11-27
Sold Price: $1,400,000
Building Type
Medical/Dental: 1
Office - Building: 1
Construction
Frame - Wood: 1
Stucco: 1
Cooling
Gas Pack: 1
External Amenities
Drip System: 1
Handicap Access: 1
Landscaped: 1
Paved Parking: 1
Flooring
Tile: 1
Vinyl: 1
Heating
Natural Gas: 1
Possession
Other: 1
Records Available
Other - See Remarks: 1
Road Responsibility
Paved: 1
Roof
Tile: 1
Bathrooms
ADA: 1
Separate M and W: 1
Staff: 1
Unisex: 1
Business Location
Freestanding Bldg: 1
Terms & Conditions
Submit: 1
Commercial Amenities
Other - See Remarks: 1
Utilities Installed
Electricity: 1
Master Meter: 1
Natural Gas: 1
Telephone: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Bathroom: 1
Fire/Smoke Detector: 1
Security/Alarm: 1
Parking
On-Site: 1
Street Parking: 1
ContractAddressLegal
Original List Price: 1400000
Listing Date: 2024-03-22
Status: Closed
Listing Price: 1400000
Street #: 3120
Street Name: Clearwater
St Suffix: Drive
City/Township: Prescott
State: AZ
Zip Code: 86305
County: Yavapai
Tax Parcel: 106-49-006
Property Features
Bathrooms: ADA; Separate M and W; Staff; Unisex
Building Type: Medical/Dental; Office - Building
Business Location: Freestanding Bldg
Commercial Amenities: Other - See Remarks
Construction: Frame - Wood; Stucco
Cooling: Gas Pack
External Amenities: Drip System; Handicap Access; Landscaped; Paved Parking
Flooring: Tile; Vinyl
Heating: Natural Gas; Natural Gas
Internal Amenities: Bathroom; Fire/Smoke Detector; Security/Alarm
Parking: On-Site; Street Parking
Possession: Other
Records Available: Other - See Remarks
Road Responsibility: Paved
Roof: Tile
Utilities Installed: Electricity; Master Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer
Supplements
Rare Opportunity to purchase this Credit Single Tenant, Medical Office, NNN Leased Investment located within the Crossings commercial subdivision in Prescott AZ. Offered at $1,400,000, the Going-in CAP Rate is 6.77% with a projected five-year average of 7.14%. This 4,493-sf, single story, medical office building has been leased by Dignity Health/YRMC since 2012. The current lease expires on 3-31-26; however, Dignity Health has one 5-year lease option remaining at 3.0% annual increases with a 12-month written notice by Tenant. Originally built in 2003, the building is in excellent condition and features 12 exam rooms, 2 nurse stations, business office bullpen, manager office, large waiting room, reception desk, a kitchen/break room, 3 storage rooms, 4 restrooms and a private outside patio area (see attached Floor Plan). There are 40 on-site parking spaces in addition to street parking along Clearwater Dr.
Floor Plan 
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: December - 09 - 2024
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