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

Overview

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/YR ... (Read more)

Listing Details MLS# 1063042

ContractAddressLegal

Original List Price: 1400000
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

General Property Description

Aprx Acres: 0.7
Buildings: Yes
Total Liveable SqFt: 4469
Source of Measuremnt: County Assessor
Stories: Yes
Parking Spaces: 40
Year Built: 2003
Management: Owner
Vac Rate %: 100
NOI $: 94326
Cap %: 6.77
Baths - Full: Yes
CAM $: 0
GRM: No

Tax Info

Taxes: 9260
Tax Year: 2023

Status Change Info

Under Contract Date: 2024-10-01
Sold Date: 2024-11-27
Sold Price/SqFt: 313
Financing: Conventional

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

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

More Information

Building Type

Medical/Dental: Yes
Office - Building: Yes

Construction

Frame - Wood: Yes
Stucco: Yes

Cooling

Gas Pack: Yes

External Amenities

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

Flooring

Tile: Yes
Vinyl: Yes

Heating

Natural Gas: Yes

Possession

Other: Yes

Records Available

Other - See Remarks: Yes

Road Responsibility

Paved: Yes

Roof

Tile: Yes

Bathrooms

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

Business Location

Freestanding Bldg: Yes

Terms & Conditions

Submit: Yes

Commercial Amenities

Other - See Remarks: Yes

Utilities Installed

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

Internal Amenities

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

Parking

On-Site: Yes
Street Parking: Yes

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

Floor Plan ›

Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty

Last Updated: December - 09 - 2024

The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.