$1,900,000
Prescott, AZ 86301
MLS# 1044185
Status: Closed
3 baths | 7038 sqft
1 / 1
Property Description
Fabulous Triple Net Investment. 3% Annual rent increase. Lease Ends 10/31/2024; option to renew additional 5 years. Owner Agent. Rolled roofing; roof replaced in 2014. One of the best investment opportunities available with solid tenant and secure lease and a 6% cap rate. Much of the value is in the concrete storage lot that the tenants utilizes to capacity. Property has had immaculate up keep and improvements
Details
Maps
Contract/Address/Legal
Original List Price: 1900000
Listing Date: 2021-12-20
Status: Closed
Listing Price: 1900000
List Price/SqFt: 270
Street #: 481
Direction: E
Street Name: Z
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: Sixth Street
Neighborhood: N/A
County: Yavapai
Comm Type: Industrial
Zoning: IL
Business Type: Income
Business Name: Intown Business Properties LLC
Tax Parcel: 114-01-035H
Assessor's Book #: 114
Assessor's Map #: 1
Assessor's Parcel #: 35
Assessor Parcel Ltr: H
REO/Short Sale: Not Applicable
Legal: SIXTH STREET SUB PARCEL K2 REVISED BY M&P 48/9 CONT 1.06AC SEC 3 4-14-2W
General Property Description
Lot Size: 44227
Aprx Acres: 1.01
Buildings: 1
Total Liveable SqFt: 7038
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 10
Year Built: 1999
Management: Owner
NOI $: 112498.6
Cap %: 6
Baths - Full: 1
Property Use: Investment Prop
Construction Status: Existing
Space Available: No
Total Bathrooms: 3
CC & R: No
CC & R Fees: 7039
Tax Info
Taxes: 7745
Tax Year: 2021
Builder Name: B's Contractors LLC
Remarks & Misc
Directions: East on EZ Street from Sixth Street
Office/Member Info
Listing Exclusions: No
Compensation: 2.5
Compensation Type: %
Status Change Info
Under Contract Date: 2022-05-11
Sold Date: 2022-06-16
Sold Price: $1,850,000
Sold Price/SqFt: 263
Financing: Cash
Property Features
Bathrooms: Interior
Building Type: Indust - Showroom; Indust - Warehouse
Business Location: Freestanding Bldg
Commercial Amenities: Grade Level; Roll-Up Door(s); Ceiling Ht. Under 12
Construction: Block/Brick
Cooling: Central Air
External Amenities: Fence; Landscaped; Paved Parking
Flooring: Concrete; Vinyl
Heating: Natural Gas; Natural Gas
Internal Amenities: Bathroom; Fire/Smoke Detector; Security/Alarm; Sprinklers
Parking: On-Site
Possession: At Recordation
Records Available: Engr. Reports
Road Responsibility: City Maintained Road
Roof: Rolled/Hot Mop; Other - See Remarks
Terms & Conditions: Conventional
Utilities Installed: Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer
Listing Office: Realty Executives AZ Territory
Last Updated: June - 05 - 2023
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.
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.