$2,525,000
Prescott Valley, AZ 86314
MLS# 1022913
Status: Closed
12 baths | 22049 sqft
1 / 40
Property Description
PRIME RETAIL STRIP CENTER WITH HIGHWAY 69 FRONTAGE IN THE BUSIEST CORRIDOR OF PRESCOTT VALLEY! These two buildings were built in 2002 & 2004. Fantastic Parking ratio of 7.54 spaces per 1000 sq. ft. (166 parking spaces total). There are 12 leasable suites in the two buildings. Very diverse internet resistant tenant mix that range from International companies to sole proprietors. Wonderful exposure with an average traffic count of 39052 vehicles per day. Ingress and Egress from both 2nd street and 1st street. 100% Leased and offered at a 7% Cap Rate. Financials are available with a signed Non-Disclosure Agreement.
Details
Maps
Contract/Address/Legal
Original List Price: 2960000
Listing Date: 2019-07-15
Status: Closed
Listing Price: 2499000
List Price/SqFt: 113
Street #: 6594/6616
Direction: E
Street Name: 2nd
St Suffix: Street
City/Township: Prescott Valley
State: AZ
Zip Code: 86314
County: Yavapai
Comm Type: Shopping Center
Zoning: C3
Tax Parcel: 103-08-042E &
REO/Short Sale: Not Applicable
Legal: A REC PCL SW4NE4 NW COR APPROX 1958'S & 2310'W FROM NE COR OF SEC 21-14-1W CONT 1.10AC
General Property Description
Lot Size: 102801.6
Aprx Acres: 2.36
Buildings: 2
Total Liveable SqFt: 22049
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 166
Year Built: 2004
Management: Owner
Gross Vol/Yr $: 326465.68
NOI $: 219847.68
Cap %: 8.8
Baths - Full: 12
GRM: 6.8
Traffic Count Per Day: 39052
Property Use: Investment Prop
Construction Status: Existing
Space Available: Yes
Date Available: 2019-07-15
Total Bathrooms: 12
Tax Info
Taxes: 62990
Tax Year: 2018
Remarks & Misc
Directions: Heading west on Hwy 69, turn left on Valley View south to East 2nd Street. Turn right on East 2nd Street & follow to property on right.
Office/Member Info
Compensation: 3
Compensation Type: %
Status Change Info
Under Contract Date: 2019-11-14
Sold Date: 2019-12-24
Sold Price: $2,525,000
Sold Price/SqFt: 115
Financing: Exchange
Construction
# of Bays: 2
Bay Door Height: 10'
Property Features
Bathrooms: Interior; Public; Staff
Building Type: 5+ Units; Retail - Shopping Center
Business Location: Commercial Strip; Freestanding Bldg; Multiple Locations
Commercial Amenities: Grade Level; Roll-Up Door(s); Ceiling Ht. Under 12; Overhead Door(s)
Construction: Block/Brick; Stucco
Cooling: Central Air
External Amenities: Handicap Access; Landscaped; Paved Parking; Security Lights
Flooring: Carpet; Concrete; Laminate; Wood
Heating: Heat Pump; Natural Gas; Natural Gas
Internal Amenities: Bathroom; Fire/Smoke Detector
Parking: On-Site; Street Parking; Trailer; Truck
Possession: Other
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Rolled/Hot Mop
Terms & Conditions: 1031 Exchange; Conventional; Submit
Utilities Installed: Electricity; Individual Meter; Natural Gas; Security System; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office: Sumner Commercial Real Estate
Last Updated: August - 05 - 2020
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.