205 N Marina Street, Prescott, AZ 86301

$2,600,000
Property Type: Commercial/Indstrial Square Footage: 11,270 Lot Size (sq. ft.): 22,651 Status: Closed
Current Price: $2,600,000 List Date: 5/19/2018 Last Modified: 6/27/2018

Overview

Description

This building is occupied by the Social Security Office and will be for the next 12 years. There is also a 1540 sq. ft. portion of the building that has just started a 5 year Lease. In addition to the Lease payment there is also a payment for the reimbursement of the TI's that will go on for about 10 years. These TI's were just completed in 2017. Lease does include increases.

Listing Details MLS# 1007210

ContractAddressLegal

Original List Price
4370000
Listing Price
2600000
Street #
205
Direction
N
Street Name
Marina
St Suffix
Street
City/Township
Prescott
State
AZ
Zip Code
86301
County
Yavapai
Tax Parcel
113-16-030

General Property Description

Aprx Acres
0.52
Buildings
Yes
Total Liveable SqFt
11270
Source of Measuremnt
County Assessor
Stories
Yes
Floor
Yes
Parking Spaces
22
Year Built
1987
Management
Mgmt Company
Baths - Full
2
Property Use
Investment Prop
Construction Status
Existing
Vac Rate %
0
CAM $
0
GRM
No
Traffic Count Per Day
0

Tax Info

Taxes
15086
Tax Year
2016

Status Change Info

Under Contract Date
2018-05-18
Sold Date
2018-06-26
Sold Price/SqFt
231
Financing
Exchange

Contract/Address/Legal

List Price/SqFt
231
Comm Type
Office
REO/Short Sale
Not Applicable
Zoning
BG
Assessor's Book #
113
Assessor's Map #
16
Assessor's Parcel #
30
Legal
PRESCOTT LOTS 16 18 20 BLK 4

Remarks & Misc

Directions
From E Gurley go north one block on N Marina to E Willis. From Sheldon go south one block on N Marina.
Remarks
This building is occupied by the Social Security Office and will be for the next 12 years. There is also a 1540 sq. ft. portion of the building that has just started a 5 year Lease. In addition to the Lease payment there is also a payment for the reimbursement of the TI's that will go on for about 10 years. These TI's were just completed in 2017. Lease does include increases.

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

Landscaped
Yes
Paved Parking
Yes

Flooring

Carpet
Yes
Concrete
Yes
Tile
Yes

Heating

Natural Gas
Yes

Possession

Subject to Tenant
Yes

Records Available

Site Plan
Yes

Road Responsibility

City
Yes
City Maintained Road
Yes

Roof

Welded Membrane
Yes

Bathrooms

ADA
Yes
Public
Yes
Separate M and W
Yes

Business Location

Corner Location
Yes

Terms & Conditions

1031 Exchange
Yes
Conventional
Yes

Commercial Amenities

Ceiling Ht. Under 12
Yes

Utilities Installed

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

Internal Amenities

Bathroom
Yes
Sprinklers
Yes

Parking

On-Site
Yes
Street Parking
Yes

Property Features

Bathrooms: ADA; Public; Separate M and W Building Type: 2-4 Units; Office - Building Business Location: Corner Location Commercial Amenities: Ceiling Ht. Under 12 Construction: Frame - Wood; Stucco Cooling: Central Air External Amenities: Landscaped; Paved Parking Flooring: Carpet; Concrete; Tile Heating: Natural Gas; Natural Gas Internal Amenities: Bathroom; Sprinklers Parking: On-Site; Street Parking Possession: Subject to Tenant Records Available: Site Plan Road Responsibility: City Maintained Road Roof: Welded Membrane Utilities Installed: Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer
Listing Office: Goliath Commercial Real Estate
Last Updated: June - 27 - 2018
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