203 W Willis Street, Prescott, AZ 86301

$15
Property Type: Commercial/Indstrial Square Footage: 4,446 Lot Size (sq. ft.): 5,227 Status: Closed
Current Price: $15 List Date: 9/13/2016 Last Modified: 5/01/2018

Overview

Description

Newly renovated retail building scheduled for completion 4/2016. 100% leased with national and regional tenants, Sprint and Rosatti's Pizza. 5 and 7 year leases, great credit, stepped rental increases. Excellent investment, essentially a new building.

Listing Details MLS# 992112

ContractAddressLegal

Original List Price
1500000
Listing Price
1500000
Street #
203
Direction
W
Street Name
Willis
St Suffix
Street
City/Township
Prescott
State
AZ
Zip Code
86301
County
Yavapai
Tax Parcel
113-15-073B

General Property Description

Aprx Acres
0.12
Buildings
Yes
Total Liveable SqFt
4446
Source of Measuremnt
Builder Plans
Stories
Yes
Parking Spaces
6
Year Built
1960
Management
Mgmt Company
NOI $
93735
Cap %
6.25
CAM $
3.52
Baths - Full
2
GRM
00
CC & R Fees
4405
Vac Rate %
0

Tax Info

Taxes
3867
Tax Year
16

Status Change Info

Under Contract Date
2016-11-20
Sold Date
2016-11-22
Financing
Cash

Heating

Natural Gas
Yes
Electric
Yes

Contract/Address/Legal

List Price/SqFt
337
Comm Type
Retail
REO/Short Sale
Not Applicable
Zoning
DTB
Zoning Description
Downtown business di
Assessor's Book #
113
Assessor's Map #
15
Assessor's Parcel #
73
Assessor Parcel Ltr
B
Legal
PRESCOTT - THE W 106' OF LOT 1 BLK 7 1725/949

More Information

Remarks & Misc

Directions
North on Montezuma, west on Willis
Remarks
Newly renovated retail building scheduled for completion 4/2016. 100% leased with national and regional tenants, Sprint and Rosatti's Pizza. 5 and 7 year leases, great credit, stepped rental increases. Excellent investment, essentially a new building.

Office/Member Info

Listing Exclusions
No

Building Type

2-4 Units
Yes
Retail - Free Stand
Yes

Construction

Architect Concept
Yes
Block/Brick
Yes

Cooling

Central Air
Yes

External Amenities

Handicap Access
Yes
Paved Parking
Yes

Flooring

Concrete
Yes

Possession

Other
Yes

Records Available

Alta Survey
Yes
Phase I
Yes
Site Plan
Yes

Road Responsibility

City
Yes

Roof

Other - See Remarks
Yes

Bathrooms

ADA
Yes

Business Location

Freestanding Bldg
Yes
Traffic Signal
Yes

Terms & Conditions

Conventional
Yes

Commercial Amenities

Ceiling Ht. Under 12
Yes

Utilities Installed

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

Internal Amenities

Fire/Smoke Detector
Yes
Sprinklers
Yes

Parking

On-Site
Yes

Property Features

Bathrooms: ADA Building Type: 2-4 Units; Retail - Free Stand Business Location: Freestanding Bldg; Traffic Signal Commercial Amenities: Ceiling Ht. Under 12 Construction: Architect Concept; Block/Brick Cooling: Central Air External Amenities: Handicap Access; Paved Parking Flooring: Concrete Heating: Electric Internal Amenities: Fire/Smoke Detector; Sprinklers Parking: On-Site Possession: Other Records Available: Alta Survey; Phase I; Site Plan Roof: Other - See Remarks Utilities Installed: Electricity; Individual Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer
Listing Office: Arizona Commercial
Last Updated: May - 01 - 2018
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