1955 Commerce Center Circle, Prescott, AZ 86301

$1,050,000

Property Type: Commercial/Indstrial Baths: 8 Square Footage: 6,496 Lot Size (sq. ft.): 8,276 Status: Closed

Current Price: $1,050,000 List Date: 11/13/2020 Last Modified: 12/28/2020

Overview

Description

Professional office investment property FOR SALE. Centrally located between Prescott, Prescott Valley and Chino Valley and within the City of Prescott. Excellent Tenant mix with the A/B suite combined & leased by Mandalay Communities, C suite is broken into prof. offices and has 3 Tenants; Terra Sole Landscaping, Mosaic Const. & Mandalay Realty. D suite is leased to Evergreen Home Loans. Occupancy is 100% - approx. 6.8% cap rate. Property is under a POA, quarterly fees are $632.78 which includes water, sewer, trash, parking lot maintenance and landscape maintenance. Large common parking area, low maintenance stucco exterior with tile roof, well designed suites with 2 restrooms per suite and all suites have a kitchenette.

Listing Details MLS# 1034293

ContractAddressLegal

Original List Price: 1050000
Listing Price: 1050000
Street #: 1955
Street Name: Commerce Center
St Suffix: Circle
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Tax Parcel: 106-18-340F

General Property Description

Aprx Acres: 0.19
Buildings: Yes
Total Liveable SqFt: 6496
Source of Measuremnt: County Assessor
Stories: Yes
Parking Spaces: 23
Year Built: 2005
Management: Owner
NOI $: 70955
Cap %: 6.8
CAM $: 23600
Baths - Full: 4
Property Use: Investment Prop
Construction Status: Existing
Max Contgs/Bldg Sz: 6496
Space Available: No
Total Bathrooms: 8
CC & R: Yes
CC & R Type: Subdivision
CC & R Fees: 6496
CC & R Frequency: Quarterly
Vac Rate %: 0
GRM: No

Tax Info

Taxes: 7549
Tax Year: 2020

Status Change Info

Under Contract Date: 2020-11-21
Sold Date: 2020-12-18
Sold Price/SqFt: 162
Financing: Exchange

Contract/Address/Legal

List Price/SqFt: 162
Comm Type: Office
REO/Short Sale: Not Applicable
Zoning: IT-PAD
Assessor's Book #: 106
Assessor's Map #: 18
Assessor's Parcel #: 340
Assessor Parcel Ltr: F
Legal: LOT 1 2ND REPLAT LOT E CONT .19AC SEC 14-14-2W M&P 49/36 PRESCOTT LAKES COMMERCE CENTER BOOK 49 PAGE 36

Remarks & Misc

Directions: Hwy 89 to west on Willow Lake Rd. to south on Prescott Lakes Parkway to property on east side of Prescott Lakes Parkway.
Remarks: Professional office investment property FOR SALE. Centrally located between Prescott, Prescott Valley and Chino Valley and within the City of Prescott. Excellent Tenant mix with the A/B suite combined & leased by Mandalay Communities, C suite is broken into prof. offices and has 3 Tenants; Terra Sole Landscaping, Mosaic Const. & Mandalay Realty. D suite is leased to Evergreen Home Loans. Occupancy is 100% - approx. 6.8% cap rate. Property is under a POA, quarterly fees are $632.78 which includes water, sewer, trash, parking lot maintenance and landscape maintenance. Large common parking area, low maintenance stucco exterior with tile roof, well designed suites with 2 restrooms per suite and all suites have a kitchenette.

More Information

Office/Member Info

Listing Exclusions: No

Building Type

2-4 Units: Yes
Office - Building: Yes

Construction

Frame - Wood: Yes
Stucco: Yes

Cooling

Central Air: Yes

External Amenities

Handicap Access: Yes
Landscaped: Yes
Paved Parking: Yes

Flooring

Carpet: Yes
Laminate: Yes
Tile: Yes

Heating

Natural Gas: Yes

Possession

Other: Yes

Records Available

Other - See Remarks: Yes

Road Responsibility

City: Yes
City Maintained Road: Yes
Paved: Yes

Roof

Tile: Yes

Bathrooms

ADA: Yes
Separate M and W: Yes
Staff: Yes
Unisex: Yes

Business Location

Business Park: Yes
Freestanding Bldg: Yes
Office/Professional: Yes

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes

Commercial Amenities

Ceiling Ht. Under 12: Yes
None: Yes

Utilities Installed

220: Yes
Electricity: Yes
Individual Meter: Yes
Natural Gas: Yes
Telephone: Yes
Underground: Yes
Water - City: Yes
WWT - City Sewer: Yes

Internal Amenities

Fire/Smoke Detector: Yes
Kitchen: Yes
Security/Alarm: Yes

Parking

On-Site: Yes

Property Features

Bathrooms: ADA; Separate M and W; Staff; Unisex Building Type: 2-4 Units; Office - Building Business Location: Business Park; Freestanding Bldg; Office/Professional Commercial Amenities: Ceiling Ht. Under 12; None Construction: Frame - Wood; Stucco Cooling: Central Air External Amenities: Handicap Access; Landscaped; Paved Parking Flooring: Carpet; Laminate; Tile Heating: Natural Gas; Natural Gas Internal Amenities: Fire/Smoke Detector; Kitchen; Security/Alarm Parking: On-Site Possession: Other Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Tile Utilities Installed: 220; Electricity; Individual Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer

Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty

Last Updated: December - 28 - 2020

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