1201 Iron Springs Road, Prescott, AZ 86305
$1,765,000
Property Type:
Commercial/Indstrial
Square Footage:
13,000
Lot Size (sq. ft.):
37,026
Status:
Closed
Current Price:
$1,765,000
List Date:
10/10/2018
Last Modified:
5/20/2020
Overview
Description
Listing Details MLS# 1016080
ContractAddressLegal
- Original List Price
- 1980000
- Listing Price
- 1737000
- Street #
- 1201
- Street Name
- Iron Springs
- St Suffix
- Road
- City/Township
- Prescott
- State
- AZ
- Zip Code
- 86305
- Subdivision
- None
- County
- Yavapai
- Tax Parcel
- 115-09-042F
General Property Description
- Aprx Acres
- 0.85
- Buildings
- 2
- Total Liveable SqFt
- 13000
- Source of Measuremnt
- County Assessor
- Parking Spaces
- 50
- Year Built
- 1973
- Management
- Mgmt Company
- NOI $
- 142231
- Cap %
- 8
- CAM $
- 2.94
- Baths - Full
- 13
- GRM
- oo
- Property Use
- Investment Prop
- Vac Rate %
- 0
Tax Info
- Taxes
- 9856
- Tax Year
- 2018
Status Change Info
- Under Contract Date
- 2019-02-11
- Sold Date
- 2019-04-23
- Sold Price/SqFt
- 136
- Financing
- Conventional
Contract/Address/Legal
- List Price/SqFt
- 134
- Neighborhood
- N/A
- Comm Type
- Retail
- REO/Short Sale
- Not Applicable
- Zoning
- BR
- Business Name
- Investment
- Business Type
- Multi tenant
- Assessor's Book #
- 115
- Assessor's Map #
- 9
- Assessor's Parcel #
- 42
- Assessor Parcel Ltr
- F
- Legal
- Hinman Tract, Block 1, Replat Portions Of Lots 2, 3 And 4
Remarks & Misc
- Directions
- Iron Springs Road east of Village at the Boulders
- Remarks
- Newly renovated strip center currently leased to 11 tenants. Now 100% leased! Excellent visibility, New paint, signage, monument signs, tenant improvements, awnings and doors (to be installed). Excellent cap rate of 8% and NOI of $138,931 which includes expenses management and 5% vacancy. Tenants include Spicy Streats, That Salad Place, Haute Locks, JVapes, Rock Climbing Gym, Crossfit, High Desert Lock and Safe, and Prescott Laundry.
More Information
Office/Member Info
- Listing Exclusions
- No
Building Type
- 5+ Units
- Yes
- Retail - Free Stand
- Yes
- Retail - Shopping Center
- Yes
Construction
- Block/Brick
- Yes
- Stucco
- Yes
Cooling
- Central Air
- Yes
External Amenities
- Paved Parking
- Yes
Flooring
- Concrete
- Yes
- Tile
- Yes
- Wood
- Yes
Heating
- Natural Gas
- Yes
Possession
- Subject to Tenant
- Yes
Records Available
- Alta Survey
- Yes
- Phase I
- Yes
- Survey
- Yes
Road Responsibility
- City
- Yes
Roof
- Rolled/Hot Mop
- Yes
Bathrooms
- ADA
- Yes
- Interior
- Yes
Business Location
- Commercial Strip
- Yes
- Corner Location
- Yes
Terms & Conditions
- Conventional
- Yes
Commercial Amenities
- Roll-Up Door(s)
- Yes
Utilities Installed
- Individual Meter
- Yes
- Natural Gas
- Yes
- Telephone
- Yes
- Water - City
- Yes
- WWT - City Sewer
- Yes
Internal Amenities
- Fire/Smoke Detector
- Yes
Parking
- On-Site
- Yes
- Street Parking
- Yes
Property Features
Bathrooms:
ADA; Interior
Building Type:
5+ Units; Retail - Free Stand; Retail - Shopping Center
Business Location:
Commercial Strip; Corner Location
Commercial Amenities:
Roll-Up Door(s)
Construction:
Block/Brick; Stucco
Cooling:
Central Air
External Amenities:
Paved Parking
Flooring:
Concrete; Tile; Wood
Heating:
Natural Gas; Natural Gas
Internal Amenities:
Fire/Smoke Detector
Parking:
On-Site; Street Parking
Possession:
Subject to Tenant
Records Available:
Alta Survey; Phase I; Survey
Roof:
Rolled/Hot Mop
Utilities Installed:
Individual Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer
Listing Office:
Arizona Commercial
Last Updated: May - 20 - 2020
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