$3,381,958
Cottonwood, AZ 86326
MLS# 1065163
17645 sqft
1 / 36
Property Description
Excellent investment opportunity! Just east of Cottonwood Airport in the Mingus Industrial Park this 17,645 sq ft industrial building is being offered for sale with a long-term Tenant in place. The building has three 12' tall X 10' wide overhead doors, one grade level dock, one dock high dock with a hydraulic lift system, CMU construction, 5445 sq ft of the building is a walk-in cooler, fully fire sprinklered, 18' of clear height, 3-phase power, a 40KW backup generator in case there is ever interruption in the electrical grid, almost the entire parcel is paved other than a retention pond out front, 4 evaporative coolers, and 4 HVAC Units. The building is Leased by Wild Tonic® an iconic beverage company known for its premium Sparkling Jun and Hard Jun varietals. With over 20 different
Details
Maps
Contract/Address/Legal
Original List Price: 3381958
Listing Date: 2024-06-05
Status: Active
On-Market Date: 2024-06-08
Listing Price: 3381958
List Price/SqFt: 192
Street #: 248
Street Name: Justin
St Suffix: Drive
City/Township: Cottonwood
State: AZ
Zip Code: 86326
Neighborhood: N/A
County: Yavapai
Comm Type: Industrial
Zoning: I-2
Zoning Description: Cottonwood I-2
Business Type: Beverage Company
Business Name: Wild Tonic
Tax Parcel: 406-51-012E
Assessor's Book #: 406
Assessor's Map #: 51
Assessor's Parcel #: 12
Assessor Parcel Ltr: E
REO/Short Sale: Not Applicable
Legal: LOT 14 LESS THE SELY 20 FT OF LOT 14 CONT .74 AC M & P 24/42 MINGUS INDUSTRIAL PARK BOOK 24 PAGE 42
General Property Description
Lot Size: 32240
Aprx Acres: 0.74
Buildings: 1
Total Liveable SqFt: 17645
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 15
Year Built: 1999
Management: Mgmt Company
Gross Vol/Yr $: 232089.36
NOI $: 202917.5
Cap %: 6
CAM $: 22411.92
Baths - Full: 1
GRM: 14.6
Property Use: Investment Prop
Construction Status: Existing
Space Available: No
Date Available: 2024-06-08
CC & R: No
CC & R Type: None
CC & R Fees: 12201
Tax Info
Taxes: 7766
Tax Year: 2023
Remarks & Misc
Directions: From 260 and 89A
West on 89A
Use left 2 lanes to turn onto 89A/E Cottonwood
Turn left onto Justin Dr
Make a right and property is on your left
Office/Member Info
Listing Exclusions: No
Compensation Type: %
Construction
# of Bays: 3
Bay Door Height: 12'
Property Features
Bathrooms: ADA; Interior; Shared; Unisex
Building Type: Indust - Dist Wrhse; Indust - Flex Space; Indust - Showroom; Indust - Warehouse; Indust-Manufacturing
Business Location: Business Park; Freestanding Bldg
Commercial Amenities: Grade Level; Ceiling Ht. 16+; Overhead Door(s); Truck/Loading Dock
Construction: Block/Brick; Other - See Remarks
Cooling: Central Air; Evaporative Cooling
External Amenities: Fence; Landscaped; Paved Parking; Security Lights
Flooring: Concrete
Heating: Electric; Natural Gas; Natural Gas
Internal Amenities: Bathroom; Sprinklers
Parking: On-Site; Street Parking; Trailer
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Rolled/Hot Mop
Pets/Animals: None
Terms & Conditions: 1031 Exchange; Conventional
Utilities Installed: 3 Phase; Electricity; Fire Hydrant; Individual Meter; Natural Gas; Security System; Telephone; Underground; Water - City; WWT - City Sewer
Supplements
products and recognition from Forbes, Food Network, POPSUGAR, USA TODAY 10 bests, and many others, this is an opportunity you won't want to miss. Wild Tonic® products are proudly displayed on the shelves of many grocers including Sprouts, Natural Grocers, and AJS Fine Foods. The Tenant is just about to complete the first year of its current five-year lease term. With three more five-year options to go. The Lease agreement is a solid NNN Lease with annual escalators each calendar year. With an NOI of $202,917.50 during the first year of acquiring the asset this is a solid 6.0% CAP RATE. With a personal guarantee in the Lease its hard to find a better property to satisfy your 1031 Exchange. If you're looking for your first income property or if you have a large portfolio and are looking for more mailbox money this is it.
Listing Office: Prescott Commercial Real Estate
Last Updated: June - 11 - 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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