$1,700,000
Prescott Valley, AZ 86314
MLS# 1065637
6 baths | 7264 sqft
1 / 6
Property Description
This investment is comprised of 6 suites, totaling 7,264 sq ft, each with individual bathrooms, break area, and paved parking for staff and clients. Tenant mix is primarily Medical and Beauty services and can accommodate a number of different office or service uses. This well-maintained office complex offers a steady cash flow investment with minimal input required; ideal for investors looking for passive income. NNN leases aligned with current market rates lands this property as a promising venture with a potential for appreciation. Financials will be disclosed with a signed NDA.
Details
Maps
Contract/Address/Legal
Original List Price: 1700000
Listing Date: 2024-06-26
Status: Active
Listing Price: 1700000
List Price/SqFt: 234
Street #: 8841
Direction: E
Street Name: Florentine
St Suffix: Road
City/Township: Prescott Valley
State: AZ
Zip Code: 86314
Subdivision: Prescott Valley 14
Neighborhood: N/A
County: Yavapai
Comm Type: Office
Zoning: C2-3
Zoning Description: Comm Sales & Service
Tax Parcel: 103-31-028A
Assessor's Book #: 103
Assessor's Map #: 31
Assessor's Parcel #: 28
Assessor Parcel Ltr: A
REO/Short Sale: Not Applicable
Legal: LOTS 3996 & 3997 SEC 24-14-1W PRESCOTT VALLEY 14 BOOK 32 PAGE 8
General Property Description
Lot Size: 21003
Aprx Acres: 0.48
Buildings: 1
Total Liveable SqFt: 7264
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 31
Year Built: 1998
Management: Owner
Gross Vol/Yr $: 108654
NOI $: 109987.09
Cap %: 6.47
CAM $: 2.74
Baths - Full: 6
GRM: 13.09
Traffic Count Per Day: 2555
Property Use: Investment Prop
Construction Status: Existing
Space Available: Yes
Date Available: 2024-07-01
Total Bathrooms: 6
CC & R Fees: 7265
Tax Info
Taxes: 11112
Tax Year: 2023
Remarks & Misc
Directions: Traveling East on State Route 69, turn left onto Truwood Drive, then right onto East Florentine. Property is on the right-hand side of the street.
Office/Member Info
Listing Exclusions: No
Compensation Type: %
Heating
Natural Gas: 1
Property Features
Bathrooms: Interior; Unisex
Building Type: 5+ Units; Medical/Dental; Office - Building; Retail - Shopping Center
Business Location: Commercial Strip; Office/Professional
Commercial Amenities: Ceiling Ht. Under 12
Construction: Stucco
Cooling: Ceiling Fan(s); Central Air
External Amenities: Handicap Access; Paved Parking
Flooring: Carpet; Tile
Internal Amenities: Bathroom; Fire/Smoke Detector
Parking: On-Site
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Rolled/Hot Mop; Tile
Pets/Animals: None
Terms & Conditions: 1031 Exchange; Conventional; SBA
Utilities Installed: 220; Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer
Listing Office: Prescott Commercial Real Estate
Last Updated: June - 27 - 2024
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.
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