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

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

General Property Description

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

Tax Info

Taxes: 9260 Tax Year: 2023

Status Change Info

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

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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