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
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.
More Information MLS# 1034293
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
General Property Description
Aprx Acres: 0.19
Lot Size: 8220
Buildings: 1
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 23
Management: Owner
Vac Rate %: 0
CAM $: 23600
GRM: 0
CC & R: Yes
CC & R Type: Subdivision
CC & R Fees: 6496
CC & R Frequency: Quarterly
Property Use: Investment Prop
Construction Status: Existing
Max Contgs/Bldg Sz: 6496
Space Available: No
Total Liveable SqFt: 6496
Year Built: 2005
NOI $: 70955
Cap %: 6.8
Baths - Full: 4
Total Bathrooms: 8
Tax Info
Taxes: 7549
Tax Year: 2020
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.
Office/Member Info
Listing Exclusions: No
Status Change Info
Sold Price/SqFt: 162
Financing: Exchange
Under Contract Date: 2020-11-21
Sold Date: 2020-12-18
Sold Price: $1,050,000
Building Type
2-4 Units: 1
Office - Building: 1
Construction
Frame - Wood: 1
Stucco: 1
Cooling
Central Air: 1
External Amenities
Handicap Access: 1
Landscaped: 1
Paved Parking: 1
Flooring
Carpet: 1
Laminate: 1
Tile: 1
Heating
Natural Gas: 1
Possession
Other: 1
Records Available
Other - See Remarks: 1
Road Responsibility
City: 1
City Maintained Road: 1
Paved: 1
Roof
Tile: 1
Bathrooms
ADA: 1
Separate M and W: 1
Staff: 1
Unisex: 1
Business Location
Business Park: 1
Freestanding Bldg: 1
Office/Professional: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Commercial Amenities
Ceiling Ht. Under 12: 1
None: 1
Utilities Installed
220: 1
Electricity: 1
Individual Meter: 1
Natural Gas: 1
Telephone: 1
Underground: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Fire/Smoke Detector: 1
Kitchen: 1
Security/Alarm: 1
Parking
On-Site: 1
ContractAddressLegal
Original List Price: 1050000
Listing Date: 2020-11-13
Status: Closed
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
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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