$1,420,000
Prescott, AZ 86301
MLS# 960140
Status: Closed
11892 sqft
1 / 3
Property Description
100% leased investment, 8% cap rate, 9.9% cash on cash return. Long term leases, Windermere has signed a 10 year lease and Lawyers/Fidelity has signed a 5 year lease. Excellent investment property with minimal Landlord responsibilities. See attachment for marketing brochure.
Details
Contract/Address/Legal
List Price/SqFt: 125
Comm Type: Office
REO/Short Sale: Not Applicable
Zoning: BG
Zoning Description: BG
Business Type: Service
Assessor's Book #: 114
Assessor's Map #: 4
Assessor's Parcel #: 35
Legal: Joslin Sub N 79.81' Less Tri Pt In Nw Cor Lot 2 Blk D Ap2; Allof Lots 3 4 Blk D 607/387
General Property Description
Buildings: 1
Source of Measuremnt: Builder Plans
Stories: 2
Parking Spaces: 32
Management: Mgmt Company
CAM $: 5
GRM: 0
Property Use: Investment Prop
Total Liveable SqFt: 11892
Year Built: 2000
NOI $: 119138
Cap %: 8
Tax Info
Taxes: 11000
Tax Year: 2011
Remarks & Misc
Directions: East on Gurley from Square to 914 on north side.
Remarks: 100% leased investment, 8% cap rate, 9.9% cash on cash return. Long term leases, Windermere has signed a 10 year lease and Lawyers/Fidelity has signed a 5 year lease. Excellent investment property with minimal Landlord responsibilities. See attachment for marketing brochure.
Status Change Info
Sold Price/SqFt: 119
Financing: Conventional
Under Contract Date: 2012-03-30
Sold Date: 2012-03-30
Sold Price: $1,420,000
Building Type
Office - Building: 1
Construction
Frame - Wood: 1
Stucco: 1
Cooling
Central Air: 1
External Amenities
Handicap Access: 1
Landscaped: 1
Paved Parking: 1
Flooring
Carpet: 1
Tile: 1
Vinyl: 1
Heating
Natural Gas: 1
Possession
Subject to Tenant: 1
Records Available
Alta Survey: 1
Phase I: 1
Site Plan: 1
Survey: 1
Road Responsibility
City: 1
City Maintained Road: 1
Roof
Metal: 1
Rolled/Hot Mop: 1
Bathrooms
ADA: 1
Public: 1
Separate M and W: 1
Business Location
Freestanding Bldg: 1
Office/Professional: 1
Terms & Conditions
Conventional: 1
Commercial Amenities
Ceiling Ht. Under 12: 1
Utilities Installed
Electricity: 1
Individual Meter: 1
Natural Gas: 1
Telephone: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Elevator(s): 1
Fire/Smoke Detector: 1
Security/Alarm: 1
Sprinklers: 1
Parking
On-Site: 1
ContractAddressLegal
Original List Price: 1489000
Listing Date: 2011-11-11
Status: Closed
Listing Price: 1489000
Street #: 914
Direction: E
Street Name: Gurley
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Tax Parcel: 114-04-035
Property Features
Bathrooms: ADA; Public; Separate M and W
Building Type: Office - Building
Business Location: Freestanding Bldg; Office/Professional
Commercial Amenities: Ceiling Ht. Under 12
Construction: Frame - Wood; Stucco
Cooling: Central Air
External Amenities: Handicap Access; Landscaped; Paved Parking
Flooring: Carpet; Tile; Vinyl
Heating: Natural Gas; Natural Gas
Internal Amenities: Elevator(s); Fire/Smoke Detector; Security/Alarm; Sprinklers
Parking: On-Site
Possession: Subject to Tenant
Records Available: Alta Survey; Phase I; Site Plan; Survey
Road Responsibility: City Maintained Road
Roof: Metal; Rolled/Hot Mop
Utilities Installed: Electricity; Individual Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer
Listing Office: Arizona Commercial
Last Updated: June - 05 - 2023
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