1239&1241 W Iron Springs Road, Prescott, AZ 86305

$1,400,000
Property Type: Commercial/Indstrial Square Footage: 11,854 Lot Size (sq. ft.): 37,462 Status: Closed
Current Price: $1,400,000 List Date: 5/13/2022 Last Modified: 11/30/2022

Overview

Description

Exceptional Retail Investment Opportunity For Sale in Prescott Arizona. This multi-tenant retail center offers great exposure and monument signage along Iron Springs Road. The single-story retail center is comprised of 2 separate free-standing buildings totaling +/-11,854 sf and 6 separate suites. Situated on .86 acres, the buildings are located on 4 separate parcels that are split zoned with both Business Regional (BR) & Industrial Transition (IT) zoning allowing for many commercial uses. The Center is anchored by a Prescott's Abbey Flooring & Design which recently renewed their lease. Currently there is 1 vacancy of +/-2,288 sf. The property is being offered for sale at $1,825,000 or $153.96/sf with a going in CAP rate of 5.7% and a proforma CAP rate of 8.4% assuming the one vacancy is l

Supplements: Exceptional Retail Investment Opportunity For Sale in Prescott Arizona. This multi-tenant retail center offers great exposure and monument signage along Iron Springs Road. The single-story retail center is comprised of 2 separate free-standing buildings totaling +/-11,854 sf and 6 separate suites. Situated on .86 acres, the buildings are located on ...

Listing Details MLS# 1047714

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Original List Price
1825000
Listing Price
1825000
Street #
1239&1241
Direction
W
Street Name
Iron Springs
St Suffix
Road
City/Township
Prescott
State
AZ
Zip Code
86305
County
Yavapai
Tax Parcel
115-08-079A & 079B, 115-09-039C & 039D

General Property Description

Aprx Acres
0.86
Buildings
2
Total Liveable SqFt
11854
Source of Measuremnt
Owner
Stories
Yes
Parking Spaces
33
Year Built
1998
Management
Owner
Vac Rate %
19.3
Gross Vol/Yr $
147290
NOI $
104646
Cap %
6.8
CAM $
42643
Baths - Full
6
GRM
10.9
Property Use
Vacant/Owner Users
Construction Status
Existing
Space Available
Yes
Date Available
2022-05-01

Tax Info

Taxes
10648
Tax Year
2021

Status Change Info

Under Contract Date
2022-10-11
Sold Date
2022-11-18
Sold Price/SqFt
118
Financing
Conventional

More Information

Property Features

Bathrooms: Interior; Unisex Building Type: 5+ Units; Indust - Showroom; Retail - Free Stand; Retail - Shopping Center Business Location: Commercial Strip; Freestanding Bldg; Office/Professional Commercial Amenities: Grade Level; Roll-Up Door(s); Ceiling Ht. Under 12; Ceiling Ht. 12-15; Overhead Door(s); Other - See Remarks Construction: Frame - Steel; Stucco Cooling: Central Air; Gas Pack External Amenities: Handicap Access; Landscaped; Paved Parking Flooring: Carpet; Concrete; Tile; Vinyl Heating: Electric; Natural Gas; Natural Gas Internal Amenities: Bathroom; Mezzanine; Security/Alarm Parking: On-Site Possession: At Recordation Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Rolled/Hot Mop Utilities Installed: Electricity; Individual Meter; Master Meter; Natural Gas; Security System; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office: Better Homes and Gardens Real Estate Bloomtree Realty
Last Updated: November - 30 - 2022
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