$1,598,726
Prescott, AZ 86305
MLS# 1077148
Status: Closed
2 baths | 6425 sqft
1 / 24
Property Description
Property Description: This 6,425 sq ft industrial building sits just off Willow Creek Rd in the Sandretto Hills Subdivision. The property blends two stories of turnkey office space with a functional warehouse area that was previously used for heavy equipment repair, featuring three 14' by 12' wide roll-up doors for easy loading or access. The two-story office component is fully climate-controlled to ensure a comfortable work environment year-round. The parking is incredible for an industrial property, and the fenced yard is hard to find. All this, and the going in actual CAP RATE is 8.49% which is unheard of. The current Tenant has called the space home for over 20 years and maintains a remaining Lease term of 2 years, with an option to renew for an additional 5 years. The NNN lease structure enhances its appeal for passive ownership, providing predictable, low-maintenance occupancy and favorable long-term ROI. Ideal for investors seeking a flexible, well-located industrial property with enduring tenant retention.
Details
Maps
Contract/Address/Legal
List Price/SqFt: 233
Neighborhood: N/A
Comm Type: Industrial
REO/Short Sale: Not Applicable
Zoning: IL
Zoning Description: Industrial Light
Assessor's Book #: 106
Assessor's Map #: 8
Assessor's Parcel #: 18
Legal: SANDRETTO HILLS PHASE 1 LOT 10
General Property Description
Aprx Acres: 0.9
Lot Size: 39,204
Buildings: 1
Source of Measuremnt: Owner
Stories: 2
Parking Spaces: 24
Management: Owner
Gross Vol/Yr $: 134660.66
Vac Rate %: 0
CAM $: 7352.66
GRM: 11.44
CC & R: Yes
CC & R Type: Subdivision
Property Use: Investment Prop
Construction Status: Existing
Space Available: No
Total Liveable SqFt: 6425
Year Built: 1982
NOI $: 127308
Cap %: 8.49
Baths - Full: 1
Total Bathrooms: 2
Tax Info
Taxes: 3494
Tax Year: 2024
Remarks & Misc
Directions: From Willow Creek Rd, head northwest on Commerce Dr for 0.4 miles. Make a left on Tower Rd and continue for 0.2 miles (Property is located on the right).
Remarks: Property Description: This 6,425 sq ft industrial building sits just off Willow Creek Rd in the Sandretto Hills Subdivision. The property blends two stories of turnkey office space with a functional warehouse area that was previously used for heavy equipment repair, featuring three 14' by 12' wide roll-up doors for easy loading or access. The two-story office component is fully climate-controlled to ensure a comfortable work environment year-round. The parking is incredible for an industrial property, and the fenced yard is hard to find. All this, and the going in actual CAP RATE is 8.49% which is unheard of. The current Tenant has called the space home for over 20 years and maintains a remaining Lease term of 2 years, with an option to renew for an additional 5 years. The NNN lease structure enhances its appeal for passive ownership, providing predictable, low-maintenance occupancy and favorable long-term ROI. Ideal for investors seeking a flexible, well-located industrial property with enduring tenant retention.
Office/Member Info
Listing Exclusions: No
Status Change Info
Sold Price/SqFt: 249
Financing: Cash
Under Contract Date: 2025-10-28
Sold Date: 2025-12-29
Sold Price: $1,598,726
Building Type
Auto: 1
Indust - Dist Wrhse: 1
Indust - Flex Space: 1
Indust - Showroom: 1
Indust - Warehouse: 1
Indust-Manufacturing: 1
Office - Warehouse: 1
Construction
# of Bays: 3
Block/Brick: 1
Cooling
Central Air: 1
External Amenities
Fence: 1
Handicap Access: 1
Paved Parking: 1
Storage Yard: 1
Flooring
Carpet: 1
Concrete: 1
Heating
Electric: 1
Natural Gas: 1
Zoned: 1
Possession
Subject to Tenant: 1
Records Available
Site Plan: 1
Road Responsibility
City: 1
Paved: 1
Roof
Metal: 1
Bathrooms
Interior: 1
Shared: 1
Staff: 1
Unisex: 1
Business Location
Business Park: 1
Freestanding Bldg: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Submit: 1
Commercial Amenities
Ceiling Ht. 16+: 1
Overhead Door(s): 1
Roll-Up Door(s): 1
Truck/Loading Dock: 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
Bathroom: 1
Fire/Smoke Detector: 1
Kitchen: 1
Mezzanine: 1
Parking
On-Site: 1
Storage: 1
Trailer: 1
Truck: 1
ContractAddressLegal
Original List Price: 1500000
Listing Date: 2025-10-14
Status: Closed
Listing Price: 1500000
Street #: 3241
Street Name: Tower
St Suffix: Road
City/Township: Prescott
State: AZ
Zip Code: 86305
Subdivision: Sandretto Hills
County: Yavapai
Tax Parcel: 106-08-018
Property Features
Bathrooms: Interior; Shared; Staff; Unisex
Building Type: Auto; Indust - Dist Wrhse; Indust - Flex Space; Indust - Showroom; Indust - Warehouse; Indust-Manufacturing; Office - Warehouse
Business Location: Business Park; Freestanding Bldg
Commercial Amenities: Roll-Up Door(s); Ceiling Ht. 16+; Overhead Door(s); Truck/Loading Dock
Construction: Block/Brick
Cooling: Central Air
External Amenities: Fence; Handicap Access; Paved Parking; Storage Yard
Flooring: Carpet; Concrete
Heating: Electric; Natural Gas; Natural Gas; Zoned
Internal Amenities: Bathroom; Fire/Smoke Detector; Kitchen; Mezzanine
Parking: On-Site; Storage; Trailer; Truck
Possession: Subject to Tenant
Records Available: Site Plan
Road Responsibility: Paved
Roof: Metal
Utilities Installed: 220; Electricity; Individual Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office: Arizona Commercial
Last Updated: December - 30 - 2025
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