$850,000
Prescott Valley, AZ 86314
MLS# 1024395
Status: Closed
5540 sqft
1 / 4
Property Description
SINGLE TENANT NET LEASE investment opportunity at a 8.95% Cap Rate. Southwest Behavioral Health is under lease to 7/31/2021. Well-Maintained Pride of Ownership asset with a strong credit Tenant. Short lease term allows investor to reposition the asset with a year to realize a strong return during the lease-up period. The Tenant is willing to vacate for owner/user occupancy. The building is within the desirable shopping, entertainment and medical hub of Prescott Valley directly across from the entrance to hospital and just blocks from the Findlay Toyota Convention and Events Center. Located within Prescott Valley's Opportunity Zone the investor has the option to delay capital gains (see: https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions)
Details
Maps
Documents
Contract/Address/Legal
List Price/SqFt: 162
Comm Type: Office
REO/Short Sale: Not Applicable
Zoning: C2PAD
Assessor's Book #: 103
Assessor's Map #: 2
Assessor's Parcel #: 710
Assessor Parcel Ltr: W
Legal: A RECT PCL LYNG IN THE SE4SE4 WITH THE NE COR LYNG APPROX 560' N & 1090' W FROM THE SE COR SEC 14-14-1W CONT .57AC
General Property Description
Aprx Acres: 0.57
Lot Size: 24829
Buildings: 1
Source of Measuremnt: Owner
Stories: 1
Parking Spaces: 26
Management: Owner
Vac Rate %: 0
CAM $: 3.98
GRM: 0
CC & R: Yes
Property Use: Investment Prop
Construction Status: Existing
Max Contgs/Bldg Sz: 5540
Space Available: No
Total Liveable SqFt: 5540
Year Built: 1997
NOI $: 84752
Cap %: 8.69
Baths - Full: 1
Tax Info
Taxes: 11127
Tax Year: 2018
Remarks & Misc
Directions: Between Glassford Hill Road and Lake Valley Road on the south side of East Florentine.
Remarks: SINGLE TENANT NET LEASE investment opportunity at a 8.95% Cap Rate. Southwest Behavioral Health is under lease to 7/31/2021. Well-Maintained Pride of Ownership asset with a strong credit Tenant. Short lease term allows investor to reposition the asset with a year to realize a strong return during the lease-up period. The Tenant is willing to vacate for owner/user occupancy.
The building is within the desirable shopping, entertainment and medical hub of Prescott Valley directly across from the entrance to hospital and just blocks from the Findlay Toyota Convention and Events Center.
Located within Prescott Valley's Opportunity Zone the investor has the option to delay capital gains (see: https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions)
Status Change Info
Sold Price/SqFt: 153
Financing: Conventional
Under Contract Date: 2020-10-31
Sold Date: 2021-01-04
Sold Price: $850,000
Building Type
Office - Building: 1
Other - See Remarks: 1
Construction
Frame - Wood: 1
Stucco: 1
Cooling
Central Air: 1
Gas Pack: 1
External Amenities
Drip System: 1
Fence: 1
Handicap Access: 1
Landscaped: 1
Paved Parking: 1
Security Lights: 1
Flooring
Carpet: 1
Tile: 1
Vinyl: 1
Heating
Electric: 1
Natural Gas: Natural Gas, Natural Gas
Zoned: 1
Natural Gas: 1
Possession
At Recordation: 1
Records Available
Site Plan: 1
Survey: 1
Road Responsibility
City: 1
Paved: 1
Roof
Asphalt Shingle: 1
Tile: 1
Bathrooms
Interior: 1
Separate M and W: 1
Staff: 1
Unisex: 1
Business Location
Freestanding Bldg: 1
Office/Professional: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Commercial Amenities
Ceiling Ht. 12-15: 1
Ceiling Ht. Under 12: 1
Utilities Installed
220: 1
3 Phase: 1
Electricity: 1
Individual Meter: 1
Natural Gas: 1
Security System: 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
ContractAddressLegal
Original List Price: 975000
Listing Date: 2019-08-23
Status: Closed
Listing Price: 895000
Street #: 7763
Direction: E
Street Name: Florentine
St Suffix: Road
City/Township: Prescott Valley
State: AZ
Zip Code: 86314
County: Yavapai
Tax Parcel: 103-02-710W
Property Features
Bathrooms: Interior; Separate M and W; Staff; Unisex
Building Type: Office - Building; Other - See Remarks
Business Location: Freestanding Bldg; Office/Professional
Commercial Amenities: Ceiling Ht. Under 12; Ceiling Ht. 12-15
Construction: Frame - Wood; Stucco
Cooling: Central Air; Gas Pack
External Amenities: Drip System; Fence; Handicap Access; Landscaped; Paved Parking; Security Lights
Flooring: Carpet; Tile; Vinyl
Heating: Electric; Zoned
Internal Amenities: Bathroom; Fire/Smoke Detector; Security/Alarm
Parking: On-Site
Possession: At Recordation
Records Available: Site Plan; Survey
Road Responsibility: Paved
Roof: Asphalt Shingle; Tile
Utilities Installed: 220; 3 Phase; Electricity; Individual Meter; Natural Gas; Security System; Telephone; Water - City; WWT - City Sewer
Offering Memorandum 
Listing Office: Invest Southwest
Last Updated: January - 21 - 2021
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