3320 Gateway Boulevard, Prescott, AZ 86303

$1,940,000
Property Type: Commercial/Indstrial Baths: 2 Square Footage: 18,317 Lot Size (sq. ft.): 989,683 Status: Closed
Current Price: $1,940,000 List Date: 4/04/2018 Last Modified: 8/05/2020

Overview

Description

This property is a fantastic investment opportunity at a 7.5% CAP Rate. Built in 2004 and located in a high profile location along state route 69. 2015 ADOT Traffic Counts were 35,706 cars per day and its highly visible from SR69. This property is currently the home for one of the 259 Cost Plus World Market stores across the nation. It doesn't get any better than a National Tenant in a Long Term Lease with two more 5 year options. Property will be split from its current parcel in escrow.

Listing Details MLS# 1010854

ContractAddressLegal

Original List Price
2000000
Listing Price
2000000
Street #
3320
Street Name
Gateway
St Suffix
Boulevard
City/Township
Prescott
State
AZ
Zip Code
86303
County
Yavapai
Tax Parcel
103-20-600H

General Property Description

Aprx Acres
22.72
Buildings
Yes
Total Liveable SqFt
18317
Source of Measuremnt
County Assessor
Stories
Yes
Parking Spaces
100
Year Built
2004
Management
Manager
NOI $
150000
Cap %
7.5
Baths - Full
Yes
GRM
-
Traffic Count Per Day
35706
Property Use
Investment Prop
Construction Status
Existing
Total Bathrooms
2

Tax Info

Tax Year
2017

Status Change Info

Under Contract Date
2018-07-30
Sold Date
2018-10-09
Sold Price/SqFt
106
Financing
Cash

More Information

Property Features

Bathrooms: Interior Building Type: Retail - Free Stand; Retail - Shopping Center; Other - See Remarks Business Location: Freestanding Bldg; Other - See Remarks Commercial Amenities: Roll-Up Door(s); Truck/Loading Dock Construction: Block/Brick; Frame - Steel; Stucco Cooling: Central Air External Amenities: Handicap Access; Landscaped; Paved Parking Flooring: Concrete; Vinyl Heating: Natural Gas; Natural Gas Internal Amenities: Bathroom; Fire/Smoke Detector; Security/Alarm Parking: On-Site; Truck Possession: At Recordation Records Available: Other - See Remarks Road Responsibility: Paved; Private Maintained Road Roof: Metal Utilities Installed: 220; Electricity; Individual Meter; Natural Gas; Security System; Telephone; Water - City; WWT - City Sewer
Listing Office: Sumner Commercial Real Estate
Last Updated: August - 05 - 2020
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