301 Whipple Street, Prescott, AZ 86301

$1,950,000

301 Whipple and 1702 Willow Creek portfolio

Property Type: Commercial/Indstrial Square Footage: 10,462 Lot Size (sq. ft.): 33,977 Status: Closed

Current Price: $1,950,000 List Date: 8/21/2024 Last Modified: 4/03/2025

Overview

Description

Portfolio of two well located multi-tenant properties. Originally built for the current Seller, they are well constructed, well maintained. A mix of retail and office with a total of 5 tenants in 10,462 SF. Tenants are a fitness center, insurance, construction, interior design and photography studio. Both properties are in main traffic corridors with high visibility. Low rents with some short-term leases allow you to build income. Price per square foot is well below replacement cost. 301 Whipple Street, built in 2007, has three long-term tenants in a total of 5,626 SF. 1702 Willow Creek, built in 2003, includes an interior design studio and photography studio in 4,836 SF. Current 5.95% cap rate with low rents. Quality buildings with opportunity for income growth.

Listing Details MLS# 1066889

ContractAddressLegal

Original List Price: 2150000
Listing Price: 2050000
Street #: 301
Street Name: Whipple
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: None
County: Yavapai
Tax Parcel: 113-02-072B

General Property Description

Aprx Acres: 0.78
Buildings: 2
Total Liveable SqFt: 10462
Source of Measuremnt: Owner
Stories: Yes
Parking Spaces: 30
Year Built: 2007
Management: Owner
Gross Vol/Yr $: 153744
NOI $: 127879
Cap %: 6.24
Baths - Full: 5
Property Use: Investment Prop
Construction Status: Existing
Max Contgs/Bldg Sz: 5626
Space Available: No
CC & R Fees: 5627

Tax Info

Taxes: 10351
Tax Year: 2023

Status Change Info

Under Contract Date: 2025-01-28
Sold Date: 2025-04-01
Sold Price/SqFt: 186
Financing: Exchange

More Information

Property Features

Bathrooms: Interior Building Type: 2-4 Units; Office - Building; Retail - Free Stand Business Location: Corner Location; Freestanding Bldg; Multiple Locations; Traffic Signal Commercial Amenities: Other - See Remarks Construction: Other - See Remarks Cooling: See Remarks External Amenities: Paved Parking Flooring: See Remarks Heating: Zoned Internal Amenities: Bathroom; Other - See Remarks Parking: On-Site Possession: Other Records Available: Other - See Remarks Road Responsibility: City Maintained Road Roof: Other - See Remarks Utilities Installed: Other - See Remarks

Listing Office: Invest Southwest

Last Updated: April - 03 - 2025

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