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
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.
More Information MLS# 994258
ContractAddressLegal
Original List Price: 1295000
Listing Date: 2016-04-01
Status: Closed
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
Lot Size: 30928
Aprx Acres: 0.71
Buildings: 1
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: 1
Property Use: Investment Prop
Construction Status: Existing
Max Contgs/Bldg Sz: 8597
Space Available: Yes
Total Bathrooms: 6
Suite #: 8
CC & R: No
Tax Info
Taxes: 13627
Tax Year: 2015
Status Change Info
Under Contract Date: 2017-05-10
Sold Date: 2017-08-16
Sold Price: $1,150,000
Sold Price/SqFt: 134
Financing: Conventional
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
Documents
Offering Memorandum ›Listing Office: Arizona Commercial LLC
Last Updated: May - 20 - 2020
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