1365 W Iron Springs, Prescott, AZ 86305
$2,325,000
Property Type:
Commercial/Indstrial
Square Footage:
21,616
Lot Size (sq. ft.):
74,488
Status:
Closed
Current Price:
$2,325,000
List Date:
4/15/2014
Last Modified:
5/01/2018
Description
BRAND NEW 6 YEAR LEASE WITH ANCHOR TENANT BIG 5 SPORTING GOODS in 50% of the building. Part of Prescott Towne Center, well located across from Super WalMart. 100% occupied (3% vacancy is a storage area). Four tenants in addition to BIG 5: H&R Block, The Windsock Billiards, Waffle House Restaurant and Biddle Outdoors, all of which have been in the center over 10 years. Corporate lease with BIG 5, 4 option terms with ±10% increases offering great upside to the investment. Well below replacement cost at $111/sf. New roof, parking lot resurfaced spring 2014. DOWNLOAD FLYER.
More Information MLS# 977733
Contract/Address/Legal
List Price/SqFt: 111
Comm Type: Retail
REO/Short Sale: Not Applicable
Zoning: BG
Business Name: PRESCOTT TOWNE CENTER
Zoning Description: BUSINESS GENERAL
Business Type: RETAIL
Assessor's Book #: 115
Assessor's Map #: 5
Assessor's Parcel #: 67
Assessor Parcel Ltr: U
Legal: AN IRREG PCL SW4 NE4 SW COR APPROX 113' E FROM SEC CTR S29 STR 29 -14-2W CONT 1.71AC
General Property Description
Aprx Acres: 1.71
Lot Size: 1.71
Buildings: 1
Source of Measuremnt: Owner
Stories: 1
Floor: 1
Parking Spaces: 126
Management: Mgmt Company
Gross Vol/Yr $: 244284
Vac Rate %: 3
CAM $: 2.63
GRM: 0
CC & R: Yes
CC & R Type: Other - See Remarks
Property Use: Investment Prop
Construction Status: Existing
Total Liveable SqFt: 21616
Year Built: 1983
Cap %: 7.81
Baths - Full: 5
Tax Info
Taxes: 15197
Tax Year: 2013
Remarks & Misc
Directions: Montezuma north, to Whipple west, to Iron Springs Rd.
Remarks: BRAND NEW 6 YEAR LEASE WITH ANCHOR TENANT BIG 5 SPORTING GOODS in 50% of the building. Part of Prescott Towne Center, well located across from Super WalMart. 100% occupied (3% vacancy is a storage area). Four tenants in addition to BIG 5: H&R Block, The Windsock Billiards, Waffle House Restaurant and Biddle Outdoors, all of which have been in the center over 10 years. Corporate lease with BIG 5, 4 option terms with ±10% increases offering great upside to the investment. Well below replacement cost at $111/sf. New roof, parking lot resurfaced spring 2014. DOWNLOAD FLYER.
Office/Member Info
Listing Exclusions: No
Status Change Info
Sold Price/SqFt: 108
Financing: Conventional
Under Contract Date: 2014-08-13
Sold Date: 2014-08-13
Sold Price: $2,325,000
Building Type
5+ Units: 1
Construction
Block/Brick: 1
Frame - Steel: 1
Cooling
Central Air: 1
External Amenities
Handicap Access: 1
Landscaped: 1
Paved Parking: 1
Flooring
Carpet: 1
Concrete: 1
Tile: 1
Heating
Natural Gas: Natural Gas, Natural Gas
Zoned: 1
Natural Gas: 1
Possession
Subject to Tenant: 1
Records Available
Alta Survey: 1
Phase I: 1
Site Plan: 1
Road Responsibility
City: 1
City Maintained Road: 1
Roof
Rolled/Hot Mop: 1
Welded Membrane: 1
Bathrooms
ADA: 1
Separate M and W: 1
Unisex: 1
Business Location
Freestanding Bldg: 1
Terms & Conditions
Conventional: 1
Commercial Amenities
Ceiling Ht. 12-15: 1
Overhead Door(s): 1
Utilities Installed
220: 1
Electricity: 1
Fire Hydrant: 1
Individual Meter: 1
Natural Gas: 1
Telephone: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Fire/Smoke Detector: 1
Security/Alarm: 1
Sprinklers: 1
Parking
On-Site: 1
ContractAddressLegal
Original List Price: 2400000
Listing Date: 2014-03-28
Status: Closed
Listing Price: 2400000
Street #: 1365
Direction: W
Street Name: Iron Springs
City/Township: Prescott
State: AZ
Zip Code: 86305
County: Yavapai
Tax Parcel: 115-05-067U
Property Features
Bathrooms: ADA; Separate M and W; Unisex
Building Type: 5+ Units
Business Location: Freestanding Bldg
Commercial Amenities: Ceiling Ht. 12-15; Overhead Door(s)
Construction: Block/Brick; Frame - Steel
Cooling: Central Air
External Amenities: Handicap Access; Landscaped; Paved Parking
Flooring: Carpet; Concrete; Tile
Heating: Zoned
Internal Amenities: Fire/Smoke Detector; Security/Alarm; Sprinklers
Parking: On-Site
Possession: Subject to Tenant
Records Available: Alta Survey; Phase I; Site Plan
Road Responsibility: City Maintained Road
Roof: Rolled/Hot Mop; Welded Membrane
Utilities Installed: 220; Electricity; Fire Hydrant; Individual Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer
Documents
FLYER ›
Listing Office:
Arizona Commercial
Last Updated: May - 01 - 2018
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