3120 Clearwater Drive, Prescott, AZ 86305

$1,400,000
Property Type: Commercial/Indstrial Square Footage: 4,469 Lot Size (sq. ft.): 30,492 Status: Closed
Current Price: $1,400,000 List Date: 6/04/2024 Last Modified: 12/09/2024

Description

Rare Opportunity to purchase this Credit Single Tenant, Medical Office, NNN Leased Investment located within the Crossings commercial subdivision in Prescott AZ. Offered at $1,400,000, the Going-in CAP Rate is 6.77% with a projected five-year average of 7.14%. This 4,493-sf, single story, medical office building has been leased by Dignity Health/YRMC since 2012. The current lease expires on 3-31-26; however, Dignity Health has one 5-year lease option remaining at 3.0% annual increases with a 12-month written notice by Tenant. Originally built in 2003, the building is in excellent condition and features 12 exam rooms, 2 nurse stations, business office bullpen, manager office, large waiting room, reception desk, a kitchen/break room, 3 storage rooms, 4 restrooms and a private outside patio

Supplements: Rare Opportunity to purchase this Credit Single Tenant, Medical Office, NNN Leased Investment located within the Crossings commercial subdivision in Prescott AZ. Offered at $1,400,000, the Going-in CAP Rate is 6.77% with a projected five-year average of 7.14%. This 4,493-sf, single story, medical office building has been leased by Dignity Health/YRMC since 2012. The current lease expires on 3-31-26; however, Dignity Health has one 5-year lease option remaining at 3.0% annual increases with a 12-month written notice by Tenant. Originally built in 2003, the building is in excellent condition and features 12 exam rooms, 2 nurse stations, business office bullpen, manager office, large waiting room, reception desk, a kitchen/break room, 3 storage rooms, 4 restrooms and a private outside patio area (see attached Floor Plan). There are 40 on-site parking spaces in addition to street parking along Clearwater Dr.

More Information MLS# 1063042

Contract/Address/Legal

List Price/SqFt: 313 Neighborhood: N/A Comm Type: Health Care REO/Short Sale: Not Applicable Zoning: BG PAD Assessor's Book #: 106 Assessor's Map #: 49 Assessor's Parcel #: 6 Legal: LOT 9 THE CROSSINGS AT WILLOW CREEK BUSINESS PARK UNIT 2 BOOK 45 PAGE 44

General Property Description

Aprx Acres: 0.7 Lot Size: 30537 Buildings: 1 Source of Measuremnt: County Assessor Stories: 1 Parking Spaces: 40 Management: Owner Vac Rate %: 100 CAM $: 0 GRM: 0 Total Liveable SqFt: 4469 Year Built: 2003 NOI $: 94326 Cap %: 6.77 Baths - Full: 1

Tax Info

Taxes: 9260 Tax Year: 2023

Remarks & Misc

Directions: From Downtown Prescott, head north on Willow Creek Road. Turn Left at signal light at Crossings Drive. Head north on Crossings Dr. to Clearwater Dr. Turn Right and the building will be on the left. Remarks: Rare Opportunity to purchase this Credit Single Tenant, Medical Office, NNN Leased Investment located within the Crossings commercial subdivision in Prescott AZ. Offered at $1,400,000, the Going-in CAP Rate is 6.77% with a projected five-year average of 7.14%. This 4,493-sf, single story, medical office building has been leased by Dignity Health/YRMC since 2012. The current lease expires on 3-31-26; however, Dignity Health has one 5-year lease option remaining at 3.0% annual increases with a 12-month written notice by Tenant. Originally built in 2003, the building is in excellent condition and features 12 exam rooms, 2 nurse stations, business office bullpen, manager office, large waiting room, reception desk, a kitchen/break room, 3 storage rooms, 4 restrooms and a private outside patio

Status Change Info

Sold Price/SqFt: 313 Financing: Conventional Under Contract Date: 2024-10-01 Sold Date: 2024-11-27 Sold Price: $1,400,000

Building Type

Medical/Dental: 1 Office - Building: 1

Construction

Frame - Wood: 1 Stucco: 1

Cooling

Gas Pack: 1

External Amenities

Drip System: 1 Handicap Access: 1 Landscaped: 1 Paved Parking: 1

Flooring

Tile: 1 Vinyl: 1

Heating

Natural Gas: 1

Possession

Other: 1

Records Available

Other - See Remarks: 1

Road Responsibility

Paved: 1

Roof

Tile: 1

Bathrooms

ADA: 1 Separate M and W: 1 Staff: 1 Unisex: 1

Business Location

Freestanding Bldg: 1

Terms & Conditions

Submit: 1

Commercial Amenities

Other - See Remarks: 1

Utilities Installed

Electricity: 1 Master Meter: 1 Natural Gas: 1 Telephone: 1 Water - City: 1 WWT - City Sewer: 1

Internal Amenities

Bathroom: 1 Fire/Smoke Detector: 1 Security/Alarm: 1

Parking

On-Site: 1 Street Parking: 1

ContractAddressLegal

Original List Price: 1400000 Listing Date: 2024-03-22 Status: Closed Listing Price: 1400000 Street #: 3120 Street Name: Clearwater St Suffix: Drive City/Township: Prescott State: AZ Zip Code: 86305 County: Yavapai Tax Parcel: 106-49-006

Property Features

Bathrooms: ADA; Separate M and W; Staff; Unisex Building Type: Medical/Dental; Office - Building Business Location: Freestanding Bldg Commercial Amenities: Other - See Remarks Construction: Frame - Wood; Stucco Cooling: Gas Pack External Amenities: Drip System; Handicap Access; Landscaped; Paved Parking Flooring: Tile; Vinyl Heating: Natural Gas; Natural Gas Internal Amenities: Bathroom; Fire/Smoke Detector; Security/Alarm Parking: On-Site; Street Parking Possession: Other Records Available: Other - See Remarks Road Responsibility: Paved Roof: Tile Utilities Installed: Electricity; Master Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer

Documents

Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: December - 09 - 2024
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