481 E Z Street, Prescott, AZ 86301

$1,850,000

Property Type: Commercial/Indstrial Baths: 3 Square Footage: 7,038 Lot Size (sq. ft.): 43,996 Status: Closed

Current Price: $1,850,000 List Date: 5/02/2022 Last Modified: 6/05/2023

Overview

Description

Fabulous Triple Net Investment. 3% Annual rent increase. Lease Ends 10/31/2024; option to renew additional 5 years. Owner Agent. Rolled roofing; roof replaced in 2014. One of the best investment opportunities available with solid tenant and secure lease and a 6% cap rate. Much of the value is in the concrete storage lot that the tenants utilizes to capacity. Property has had immaculate up keep and improvements

Listing Details MLS# 1044185

ContractAddressLegal

Original List Price: 1900000
Listing Price: 1900000
Street #: 481
Direction: E
Street Name: Z
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: Sixth Street
County: Yavapai
Tax Parcel: 114-01-035H

General Property Description

Aprx Acres: 1.01
Buildings: Yes
Total Liveable SqFt: 7038
Source of Measuremnt: County Assessor
Stories: Yes
Parking Spaces: 10
Year Built: 1999
Management: Owner
NOI $: 112498.6
Cap %: 6
Baths - Full: Yes
Property Use: Investment Prop
Construction Status: Existing
Space Available: No
Total Bathrooms: 3
CC & R: No
CC & R Fees: 7039
Vac Rate %: 0
CAM $: 0
GRM: No

Tax Info

Taxes: 7745
Tax Year: 2021
Builder Name: B's Contractors LLC

Status Change Info

Under Contract Date: 2022-05-11
Sold Date: 2022-06-16
Sold Price/SqFt: 263
Financing: Cash

Contract/Address/Legal

List Price/SqFt: 270
Neighborhood: N/A
Comm Type: Industrial
REO/Short Sale: Not Applicable
Zoning: IL
Business Name: Intown Business Properties LLC
Business Type: Income
Assessor's Book #: 114
Assessor's Map #: Yes
Assessor's Parcel #: 35
Assessor Parcel Ltr: H
Legal: SIXTH STREET SUB PARCEL K2 REVISED BY M&P 48/9 CONT 1.06AC SEC 3 4-14-2W

Remarks & Misc

Directions: East on EZ Street from Sixth Street
Remarks: Fabulous Triple Net Investment. 3% Annual rent increase. Lease Ends 10/31/2024; option to renew additional 5 years. Owner Agent. Rolled roofing; roof replaced in 2014. One of the best investment opportunities available with solid tenant and secure lease and a 6% cap rate. Much of the value is in the concrete storage lot that the tenants utilizes to capacity. Property has had immaculate up keep and improvements

More Information

Office/Member Info

Listing Exclusions: No

Building Type

Indust - Showroom: Yes
Indust - Warehouse: Yes

Construction

Block/Brick: Yes

Cooling

Central Air: Yes

External Amenities

Fence: Yes
Landscaped: Yes
Paved Parking: Yes

Flooring

Concrete: Yes
Vinyl: Yes

Heating

Natural Gas: Yes

Possession

At Recordation: Yes

Records Available

Engr. Reports: Yes

Road Responsibility

City: Yes
City Maintained Road: Yes

Roof

Rolled/Hot Mop: Yes
Other - See Remarks: Yes

Bathrooms

Interior: Yes

Business Location

Freestanding Bldg: Yes

Terms & Conditions

Conventional: Yes

Commercial Amenities

Ceiling Ht. Under 12: Yes
Grade Level: Yes
Roll-Up Door(s): Yes

Utilities Installed

Electricity: Yes
Natural Gas: Yes
Telephone: Yes
Water - City: Yes
WWT - City Sewer: Yes

Internal Amenities

Bathroom: Yes
Fire/Smoke Detector: Yes
Security/Alarm: Yes
Sprinklers: Yes

Parking

On-Site: Yes

Property Features

Bathrooms: Interior Building Type: Indust - Showroom; Indust - Warehouse Business Location: Freestanding Bldg Commercial Amenities: Grade Level; Roll-Up Door(s); Ceiling Ht. Under 12 Construction: Block/Brick Cooling: Central Air External Amenities: Fence; Landscaped; Paved Parking Flooring: Concrete; Vinyl Heating: Natural Gas; Natural Gas Internal Amenities: Bathroom; Fire/Smoke Detector; Security/Alarm; Sprinklers Parking: On-Site Possession: At Recordation Records Available: Engr. Reports Road Responsibility: City Maintained Road Roof: Rolled/Hot Mop; Other - See Remarks Utilities Installed: Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer

Listing Office: Realty Executives AZ Territory

Last Updated: June - 05 - 2023

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