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
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.
More Information MLS# 1010854
ContractAddressLegal
Original List Price: 2000000
Listing Date: 2018-04-04
Status: Closed
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
Lot Size: 989683
Aprx Acres: 22.72
Buildings: 1
Total Liveable SqFt: 18317
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 100
Year Built: 2004
Management: Manager
NOI $: 150000
Cap %: 7.5
Baths - Full: 1
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: $1,940,000
Sold Price/SqFt: 106
Financing: Cash
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
Documents
Improvements ›Listing Office: Sumner Commercial Real Estate
Last Updated: August - 05 - 2020
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.