248 Justin Drive, Cottonwood, AZ 86326
$2,100,000
Property Type:
Commercial/Indstrial
Square Footage:
17,645
Lot Size (sq. ft.):
32,234
Status:
Closed
Current Price:
$2,100,000
List Date:
6/08/2024
Last Modified:
9/11/2024
Listing Details MLS# 1065163
ContractAddressLegal
- Original List Price
- 3381958
- Listing Price
- 3381958
- Street #
- 248
- Street Name
- Justin
- St Suffix
- Drive
- City/Township
- Cottonwood
- State
- AZ
- Zip Code
- 86326
- County
- Yavapai
- Tax Parcel
- 406-51-012E
General Property Description
- Aprx Acres
- 0.74
- Buildings
- Yes
- Total Liveable SqFt
- 17645
- Source of Measuremnt
- County Assessor
- Stories
- Yes
- Parking Spaces
- 15
- Year Built
- 1999
- Management
- Mgmt Company
- Gross Vol/Yr $
- 242239
- NOI $
- 219827.27
- Cap %
- 6.5
- CAM $
- 22411.92
- Baths - Full
- Yes
- GRM
- 14.6
- Property Use
- Investment Prop
- Construction Status
- Existing
- Space Available
- No
- Date Available
- 2024-07-01
- CC & R
- No
- CC & R Type
- None
- CC & R Fees
- 12201
- Vac Rate %
- 0
Tax Info
- Taxes
- 7766
- Tax Year
- 2023
Status Change Info
- Under Contract Date
- 2024-09-01
- Sold Date
- 2024-09-10
- Sold Price/SqFt
- 119
- Financing
- Cash
Construction
- # of Bays
- 3
- Bay Door Height
- 12'
- Block/Brick
- Yes
- Other - See Remarks
- Yes
Contract/Address/Legal
- On-Market Date
- 2024-07-01
- List Price/SqFt
- 192
- Neighborhood
- N/A
- Comm Type
- Industrial
- REO/Short Sale
- Not Applicable
- Zoning
- I-2
- Business Name
- Wild Tonic
- Zoning Description
- Cottonwood I-2
- Business Type
- Beverage Company
- Assessor's Book #
- 406
- Assessor's Map #
- 51
- Assessor's Parcel #
- 12
- Assessor Parcel Ltr
- E
- Legal
- LOT 14 LESS THE SELY 20 FT OF LOT 14 CONT .74 AC M & P 24/42 MINGUS INDUSTRIAL PARK BOOK 24 PAGE 42
More Information
Remarks & Misc
- Directions
- From 260 and 89A West on 89A Use left 2 lanes to turn onto 89A/E Cottonwood Turn left onto Justin Dr Make a right and property is on your left
- Remarks
- 6.5 % CAP RATE! Excellent investment opportunity! Just east of Cottonwood Airport in the Mingus Industrial Park this 17,645 sq ft industrial building is being offered for sale with a long-term Tenant in place. The building has three 12' tall X 10' wide overhead doors, one grade level dock, one dock high dock with a hydraulic lift system, CMU construction, 5445 sq ft of the building is cold storage, fully fire sprinklered, 18' of clear height, 3-phase power, a 40KW backup generator in case there is ever interruption in the electrical grid, almost the entire parcel is paved other than a retention pond out front, 4 evaporative coolers, and 4 HVAC Units.
Office/Member Info
- Listing Exclusions
- No
Building Type
- Indust - Dist Wrhse
- Yes
- Indust - Flex Space
- Yes
- Indust - Showroom
- Yes
- Indust - Warehouse
- Yes
- Indust-Manufacturing
- Yes
Cooling
- Central Air
- Yes
- Evaporative Cooling
- Yes
External Amenities
- Fence
- Yes
- Landscaped
- Yes
- Paved Parking
- Yes
- Security Lights
- Yes
Flooring
- Concrete
- Yes
Heating
- Electric
- Yes
- Natural Gas
- Yes
Possession
- Subject to Tenant
- Yes
Records Available
- Other - See Remarks
- Yes
Road Responsibility
- City
- Yes
- City Maintained Road
- Yes
- Paved
- Yes
Roof
- Rolled/Hot Mop
- Yes
Bathrooms
- ADA
- Yes
- Interior
- Yes
- Shared
- Yes
- Unisex
- Yes
Business Location
- Business Park
- Yes
- Freestanding Bldg
- Yes
Terms & Conditions
- 1031 Exchange
- Yes
- Conventional
- Yes
Commercial Amenities
- Ceiling Ht. 16+
- Yes
- Grade Level
- Yes
- Overhead Door(s)
- Yes
- Truck/Loading Dock
- Yes
Utilities Installed
- 3 Phase
- Yes
- Electricity
- Yes
- Fire Hydrant
- Yes
- Individual Meter
- Yes
- Natural Gas
- Yes
- Security System
- Yes
- Telephone
- Yes
- Underground
- Yes
- Water - City
- Yes
- WWT - City Sewer
- Yes
Internal Amenities
- Bathroom
- Yes
- Sprinklers
- Yes
Parking
- On-Site
- Yes
- Street Parking
- Yes
- Trailer
- Yes
Pets/Animals
- None
- Yes
Property Features
Bathrooms:
ADA; Interior; Shared; Unisex
Building Type:
Indust - Dist Wrhse; Indust - Flex Space; Indust - Showroom; Indust - Warehouse; Indust-Manufacturing
Business Location:
Business Park; Freestanding Bldg
Commercial Amenities:
Grade Level; Ceiling Ht. 16+; Overhead Door(s); Truck/Loading Dock
Construction:
Block/Brick; Other - See Remarks
Cooling:
Central Air; Evaporative Cooling
External Amenities:
Fence; Landscaped; Paved Parking; Security Lights
Flooring:
Concrete
Heating:
Electric; Natural Gas; Natural Gas
Internal Amenities:
Bathroom; Sprinklers
Parking:
On-Site; Street Parking; Trailer
Possession:
Subject to Tenant
Records Available:
Other - See Remarks
Road Responsibility:
City Maintained Road; Paved
Roof:
Rolled/Hot Mop
Utilities Installed:
3 Phase; Electricity; Fire Hydrant; Individual Meter; Natural Gas; Security System; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office:
Prescott Commercial Real Estate
Last Updated: September - 11 - 2024
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