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
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.
More Information MLS# 1050846
ContractAddressLegal
Original List Price: 2800000
Listing Date: 2022-08-30
Status: Closed
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
Lot Size: 69260.4
Aprx Acres: 1.56
Buildings: 3
Total Liveable SqFt: 22560
Source of Measuremnt: County Assessor
Stories: 1
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: $2,940,000
Sold Price/SqFt: 130
Financing: Cash
Construction
# of Bays: 56
Bay Door Height: 8'
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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