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

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

More Information

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

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