1745 Rustic Timbers Lane, Prescott, AZ 86303

$1,150,000
Property Type: Commercial/Indstrial Baths: 6 Square Footage: 8,597 Lot Size (sq. ft.): 30,928 Status: Closed
Current Price: $1,150,000 List Date: 4/12/2016 Last Modified: 5/20/2020

Overview

Description

Highly improved 8,597 square foot office building situated in the very desirable Hassayampa Village golf community in Prescott, Arizona. Resort-like Property looks out onto the Capital Canyon Golf Course. A Trophy Office Building! Priced WELL BELOW replacement cost. Lease up in progress, now only one vacancy. Current occupancy 93%. NOI KEEPS GOING UP! now at $71,000 5.5% cap with 7% vacancy. Upside in bringing leases to market rate. Please see Offering Memorandum under Docs tab.

Listing Details MLS# 994258

ContractAddressLegal

Original List Price
1295000
Listing Price
1295000
Street #
1745
Street Name
Rustic Timbers
St Suffix
Lane
City/Township
Prescott
State
AZ
Zip Code
86303
County
Yavapai
Tax Parcel
108-20-020

General Property Description

Aprx Acres
0.71
Buildings
Yes
Total Liveable SqFt
8597
Source of Measuremnt
Builder Plans
Stories
2
Parking Spaces
28
Year Built
2008
Management
Owner
Vac Rate %
7
NOI $
71315
Cap %
5.5
Baths - Full
Yes
Property Use
Investment Prop
Construction Status
Existing
Max Contgs/Bldg Sz
8597
Space Available
Yes
Total Bathrooms
6
Suite #
8
CC & R
No
CAM $
0
GRM
No

Tax Info

Taxes
13627
Tax Year
2015

Status Change Info

Under Contract Date
2017-05-10
Sold Date
2017-08-16
Sold Price/SqFt
134
Financing
Conventional

Contract/Address/Legal

List Price/SqFt
151
Comm Type
Office
REO/Short Sale
Not Applicable
Zoning
SPC
Zoning Description
Specially Planned Co
Assessor's Book #
108
Assessor's Map #
20
Assessor's Parcel #
20
Legal
PARCEL C AT HASSAYAMPA LOT C-1 CONT .71AC SEC 6-13N-2W M&P 40/ 85 -88

Remarks & Misc

Directions
Gurley (Thumb Butte) to Hassayampa Village Lane. Property is located on the corner of Hassayampa Village Lane and Rustic Timbers Lane. OR take Copper Basin To Hassayampa...
Remarks
Highly improved 8,597 square foot office building situated in the very desirable Hassayampa Village golf community in Prescott, Arizona. Resort-like Property looks out onto the Capital Canyon Golf Course. A Trophy Office Building! Priced WELL BELOW replacement cost. Lease up in progress, now only one vacancy. Current occupancy 93%. NOI KEEPS GOING UP! now at $71,000 5.5% cap with 7% vacancy. Upside in bringing leases to market rate. Please see Offering Memorandum under Docs tab.

More Information

Building Type

Office - Building
Yes

Construction

Architect Concept
Yes
Frame - Wood
Yes
Stucco
Yes

Cooling

Central Air
Yes

External Amenities

Handicap Access
Yes
Landscaped
Yes
Paved Parking
Yes

Flooring

Carpet
Yes
Tile
Yes
Wood
Yes

Heating

Natural Gas
Yes
Zoned
Yes

Possession

At Recordation
Yes

Records Available

Other - See Remarks
Yes

Road Responsibility

City Maintained Road
Yes

Roof

Tile
Yes

Bathrooms

ADA
Yes
Public
Yes
Separate M and W
Yes
Staff
Yes

Business Location

Freestanding Bldg
Yes
Office/Professional
Yes

Terms & Conditions

Conventional
Yes
Submit
Yes

Commercial Amenities

Ceiling Ht. 12-15
Yes

Utilities Installed

Electricity
Yes
Natural Gas
Yes
Water - City
Yes
WWT - City Sewer
Yes

Internal Amenities

Elevator(s)
Yes
Fire/Smoke Detector
Yes
Security/Alarm
Yes
Sprinklers
Yes

Parking

On-Site
Yes

Property Features

Bathrooms: ADA; Public; Separate M and W; Staff Building Type: Office - Building Business Location: Freestanding Bldg; Office/Professional Commercial Amenities: Ceiling Ht. 12-15 Construction: Architect Concept; Frame - Wood; Stucco Cooling: Central Air External Amenities: Handicap Access; Landscaped; Paved Parking Flooring: Carpet; Tile; Wood Heating: Natural Gas; Natural Gas; Zoned Internal Amenities: Elevator(s); Fire/Smoke Detector; Security/Alarm; Sprinklers Parking: On-Site Possession: At Recordation Records Available: Other - See Remarks Road Responsibility: City Maintained Road Roof: Tile Utilities Installed: Electricity; Natural Gas; Water - City; WWT - City Sewer
Listing Office: Arizona Commercial
Last Updated: May - 20 - 2020
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