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

Overview

Description

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.

Supplements: The building is Leased by Wild Tonic® an iconic beverage company known for its premium Sparkling Jun and Hard Jun varietals. With over 20 different products and recognition from Forbes, Food Network, POPSUGAR, USA TODAY 10 bests, and many others, this is an opportunity you won't want to miss. Wild Tonic® products are proudly displayed on the shel ...

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

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'

More Information

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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