3120 Clearwater Drive, Prescott, AZ 86305
Overview
Description
Supplements: ... (Read more) 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.
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
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
Floor Plan ›