List Price/SqFt: 48
Neighborhood: N/A
Comm Type: Shopping Center
REO/Short Sale: Not Applicable
Zoning: BR
Business Name: Prescott Gateway Mall
Zoning Description: Business Regional
Business Type: Regional Mall
Assessor's Book #: 103
Assessor's Map #: 20
Assessor's Parcel #: 600
Assessor Parcel Ltr: M
Legal: Yavapai County Parcels: 103-20-600K, 103-20-600M, 103-20-599A, 103-20-598G, 103-20-570Y, 103-20-598H, 103-20-598F
Aprx Acres: 35.56
Lot Size: 1437480
Buildings: 3
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 3000
Management: Manager
Gross Vol/Yr $: 2131709.95
Vac Rate %: 30.9
CAM $: 0
GRM: 7
CC & R: Yes
CC & R Type: Other - See Remarks
Traffic Count Per Day: 44000
CC & R Frequency: Monthly
Property Use: Investment Prop
Construction Status: Existing
Space Available: Yes
Date Available: 2021-12-02
Amps: 277
Volts: 480
Total Liveable SqFt: 313132
Year Built: 2001
NOI $: 717852.85
Cap %: 4.8
Baths - Full: 104
Total Bathrooms: 75
Taxes: 178349
Tax Year: 2019
Directions: Turn into the Mall Entrance at State Route 69 and Gateway Blvd.
Remarks: Prescott Gateway Mall is a modern, multifaceted regional shopping mall built in 2002, comprised of both an indoor traditional mall and an open-air outdoor lifestyle center. Indoors, under a magnificent exposed beam ceiling, are approximately 133,000 square feet and 67 suites, six of which serve an open and inviting food court. Outside, in the nicely landscaped open-air lifestyle center, 29 more suites occupy approximately 192,000 square feet. The property hosts national, regional and independent tenants including Bed Bath & Beyond, Michaels, Mattress Firm, Famous Footwear, Chico's, Bath & Body Works and Spencer's. Prescott Gateway Mall is an exciting value-addable opportunity for an investor looking to reposition the project. Some of the upsides include the
Sold Price/SqFt: 39
Financing: Cash
Under Contract Date: 2022-08-23
Sold Date: 2022-11-15
Sold Price: $12,200,000
5+ Units: 1
Retail - Shopping Center: 1
# of Bays: 2
Bay Door Height: 12
Block/Brick: 1
Frame - Steel: 1
Central Air: 1
Heat Pump: 1
Drip System: 1
Handicap Access: 1
Landscaped: 1
Paved Parking: 1
Security Lights: 1
Carpet: 1
Concrete: 1
Tile: 1
Electric: 1
Natural Gas: 1
Zoned: 1
Alta Survey: 1
Elect/HVAC Plan: 1
Engr. Reports: 1
Site Plan: 1
Survey: 1
Paved: 1
Private Maintained Road: 1
State: 1
Metal: 1
Welded Membrane: 1
ADA: 1
Interior: 1
Public: 1
Separate M and W: 1
Commercial Strip: 1
Multiple Locations: 1
Traffic Signal: 1
1031 Exchange: 1
Conventional: 1
Submit: 1
Ceiling Ht. 16+: 1
Ceiling Ht. Under 12: 1
Grade Level: 1
Overhead Door(s): 1
Roll-Up Door(s): 1
Truck/Loading Dock: 1
220: 1
3 Phase: 1
Electricity: 1
Fire Hydrant: 1
Individual Meter: 1
Master Meter: 1
Natural Gas: 1
Security System: 1
Telephone: 1
Underground: 1
Water - City: 1
WWT - City Sewer: 1
Bathroom: 1
Ceiling Fan(s): 1
Fire/Smoke Detector: 1
Kitchen: 1
Security/Alarm: 1
Sprinklers: 1
On-Site: 1
Storage: 1
Trailer: 1
Truck: 1
Original List Price: 15000000
Listing Date: 2021-12-02
Status: Closed
Listing Price: 15000000
Street #: 3250
Street Name: Gateway
St Suffix: Boulevard
City/Township: Prescott
State: AZ
Zip Code: 86303
Subdivision: None
County: Yavapai
Tax Parcel: 103-20-600M
Bathrooms: ADA; Interior; Public; Separate M and W
Building Type: 5+ Units; Retail - Shopping Center
Business Location: Commercial Strip; Multiple Locations; Traffic Signal
Commercial Amenities: Grade Level; Roll-Up Door(s); Ceiling Ht. Under 12; Ceiling Ht. 16+; Overhead Door(s); Truck/Loading Dock
Construction: Block/Brick; Frame - Steel
Cooling: Central Air; Heat Pump
External Amenities: Drip System; Handicap Access; Landscaped; Paved Parking; Security Lights
Flooring: Carpet; Concrete; Tile
Heating: Electric; Natural Gas; Natural Gas; Zoned
Internal Amenities: Bathroom; Ceiling Fan(s); Fire/Smoke Detector; Kitchen; Security/Alarm; Sprinklers
Parking: On-Site; Storage; Trailer; Truck
Possession: At Recordation
Records Available: Alta Survey; Elect/HVAC Plan; Engr. Reports; Site Plan; Survey
Road Responsibility: Paved; Private Maintained Road; State
Roof: Metal; Welded Membrane
Utilities Installed: 220; 3 Phase; Electricity; Fire Hydrant; Individual Meter; Master Meter; Natural Gas; Security System; Telephone; Underground; Water - City; WWT - City Sewer