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
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
General Property Description
Aprx Acres: 0.71
Lot Size: 30928
Buildings: 1
Source of Measuremnt: Builder Plans
Stories: 2
Parking Spaces: 28
Management: Owner
Vac Rate %: 7
CAM $: 0
GRM: 0
CC & R: No
Property Use: Investment Prop
Construction Status: Existing
Max Contgs/Bldg Sz: 8597
Space Available: Yes
Suite #: 8
Total Liveable SqFt: 8597
Year Built: 2008
NOI $: 71315
Cap %: 5.5
Baths - Full: 1
Total Bathrooms: 6
Tax Info
Taxes: 13627
Tax Year: 2015
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.
Status Change Info
Sold Price/SqFt: 134
Financing: Conventional
Under Contract Date: 2017-05-10
Sold Date: 2017-08-16
Sold Price: $1,150,000
Building Type
Office - Building: 1
Construction
Architect Concept: 1
Frame - Wood: 1
Stucco: 1
Cooling
Central Air: 1
External Amenities
Handicap Access: 1
Landscaped: 1
Paved Parking: 1
Flooring
Carpet: 1
Tile: 1
Wood: 1
Heating
Natural Gas: 1
Zoned: 1
Possession
At Recordation: 1
Records Available
Other - See Remarks: 1
Road Responsibility
City Maintained Road: 1
Roof
Tile: 1
Bathrooms
ADA: 1
Public: 1
Separate M and W: 1
Staff: 1
Business Location
Freestanding Bldg: 1
Office/Professional: 1
Terms & Conditions
Conventional: 1
Submit: 1
Commercial Amenities
Ceiling Ht. 12-15: 1
Utilities Installed
Electricity: 1
Natural Gas: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Elevator(s): 1
Fire/Smoke Detector: 1
Security/Alarm: 1
Sprinklers: 1
Parking
On-Site: 1
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
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
Last Updated: May - 20 - 2020
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.