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

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

More Information

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
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.
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