$1,940,000
Prescott, AZ 86303
MLS# 1010854
Status: Closed
2 baths | 18317 sqft
1 / 20
Property Description
This property is a fantastic investment opportunity at a 7.5% CAP Rate. Built in 2004 and located in a high profile location along state route 69. 2015 ADOT Traffic Counts were 35,706 cars per day and its highly visible from SR69. This property is currently the home for one of the 259 Cost Plus World Market stores across the nation. It doesn't get any better than a National Tenant in a Long Term Lease with two more 5 year options. Property will be split from its current parcel in escrow.
Details
Maps
Documents
Contract/Address/Legal
Original List Price: 2000000
Listing Date: 2018-04-04
Status: Closed
Listing Price: 2000000
List Price/SqFt: 109
Street #: 3320
Street Name: Gateway
St Suffix: Boulevard
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Comm Type: Retail
Zoning: BR
Business Name: Cost Plus World Market
Tax Parcel: 103-20-600H
Assessor's Book #: 103
Assessor's Map #: 20
Assessor's Parcel #: 600
Assessor Parcel Ltr: H
REO/Short Sale: Not Applicable
Legal: AN IRREGULAR BALANCE PORTION IN THE W2 OF SECTION THE MOST NLY PA RCEL CORNER LYING APPROXIMATELY 150'N & 1146'E FROM THE W4 CORNER OF SAID SECTION
General Property Description
Lot Size: 989683
Aprx Acres: 22.72
Buildings: 1
Total Liveable SqFt: 18317
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 100
Year Built: 2004
Management: Manager
NOI $: 150000
Cap %: 7.5
Baths - Full: 1
GRM: -
Traffic Count Per Day: 35706
Property Use: Investment Prop
Construction Status: Existing
Total Bathrooms: 2
Tax Info
Tax Year: 2017
Remarks & Misc
Directions: Hwy 69 to Prescott Gateway Mall Main Entrance. Take a left at the ''T'', right at the stop sign to 1st right.
Office/Member Info
Compensation: 3
Compensation Type: %
Status Change Info
Under Contract Date: 2018-07-30
Sold Date: 2018-10-09
Sold Price: $1,940,000
Sold Price/SqFt: 106
Financing: Cash
Property Features
Bathrooms: Interior
Building Type: Retail - Free Stand; Retail - Shopping Center; Other - See Remarks
Business Location: Freestanding Bldg; Other - See Remarks
Commercial Amenities: Roll-Up Door(s); Truck/Loading Dock
Construction: Block/Brick; Frame - Steel; Stucco
Cooling: Central Air
External Amenities: Handicap Access; Landscaped; Paved Parking
Flooring: Concrete; Vinyl
Heating: Natural Gas; Natural Gas
Internal Amenities: Bathroom; Fire/Smoke Detector; Security/Alarm
Parking: On-Site; Truck
Possession: At Recordation
Records Available: Other - See Remarks
Road Responsibility: Paved; Private Maintained Road
Roof: Metal
Terms & Conditions: 1031 Exchange; Conventional
Utilities Installed: 220; Electricity; Individual Meter; Natural Gas; Security System; Telephone; Water - City; WWT - City Sewer
Improvements 
Listing Office: Sumner Commercial Real Estate
Last Updated: August - 05 - 2020
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