1555 W Iron Springs Road, Prescott, AZ 86305

$2,940,000

Property Type: Commercial/Indstrial Square Footage: 22,560 Lot Size (sq. ft.): 67,954 Status: Closed

Current Price: $2,940,000 List Date: 8/31/2022 Last Modified: 11/21/2022

Overview

Description

Fantastic opportunity to acquire this mixed-use multi tenant investment property. The property consists of 4 Parcels, 22,530 square feet of leasable square footage currently demised into 58 units. (14 Traditional offices, 32 Storage Units, and 12 Units that are half office and half warehouse). Property features 78 Parking spaces, a large monument marquee sign, County zoning so there is no city TPT tax, currently 100% leased, average daily traffic counts at the last study in 2016 were 21,700 vehicles per day. 2023 proforma assumptions are $251,079.80 NOI and a 9% Cap Rate. Financials available with a signed NDA.

Listing Details MLS# 1050846

ContractAddressLegal

Original List Price: 2800000
Listing Price: 2800000
Street #: 1555
Direction: W
Street Name: Iron Springs
St Suffix: Road
City/Township: Prescott
State: AZ
Zip Code: 86305
Subdivision: Forbing Park
County: Yavapai
Tax Parcel: 115-06-188

General Property Description

Aprx Acres: 1.56
Buildings: 3
Total Liveable SqFt: 22560
Source of Measuremnt: County Assessor
Stories: Yes
Parking Spaces: 82
Year Built: 1981
Management: Owner
Gross Vol/Yr $: 371615.58
NOI $: 251079.8
Cap %: 9
CAM $: 101955
Baths - Full: 58
GRM: 7.53
Traffic Count Per Day: 21700
Property Use: Investment Prop
Construction Status: Existing
Space Available: No
Date Available: 2022-08-30

Tax Info

Taxes: 20957
Tax Year: 2021
Builder Name: Jim Duke

Status Change Info

Under Contract Date: 2022-09-02
Sold Date: 2022-11-18
Sold Price/SqFt: 130
Financing: Cash

Construction

# of Bays: 56
Bay Door Height: 8'

More Information

Property Features

Bathrooms: Interior; Separate M and W; Shared; Staff Building Type: 5+ Units; Mini/Self Storage; Office - Building Business Location: Business Park; Commercial Strip; Office/Professional Commercial Amenities: Grade Level; Roll-Up Door(s); Ceiling Ht. Under 12; Overhead Door(s) Construction: Block/Brick; Frame - Wood Cooling: Ceiling Fan(s); Central Air; Gas Pack; Room A/C External Amenities: Fence; Handicap Access; Landscaped; Paved Parking; Security Lights Flooring: Carpet; Concrete; Tile Heating: Electric; Natural Gas; Natural Gas Internal Amenities: Bathroom; Ceiling Fan(s); Fire/Smoke Detector; Security/Alarm Parking: On-Site Possession: At Recordation Records Available: Site Plan; Survey Road Responsibility: County; County Maintained Road; Paved Roof: Rolled/Hot Mop Utilities Installed: 220; Electricity; Fire Hydrant; Individual Meter; Master Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer

Listing Office: Prescott Commercial Real Estate

Last Updated: November - 21 - 2022

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