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
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
More Information MLS# 1044185
ContractAddressLegal
Original List Price: 1900000
Listing Date: 2021-12-20
Status: Closed
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
Lot Size: 44227
Aprx Acres: 1.01
Buildings: 1
Total Liveable SqFt: 7038
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 10
Year Built: 1999
Management: Owner
NOI $: 112498.6
Cap %: 6
Baths - Full: 1
Property Use: Investment Prop
Construction Status: Existing
Space Available: No
Total Bathrooms: 3
CC & R: No
CC & R Fees: 7039
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: $1,850,000
Sold Price/SqFt: 263
Financing: Cash
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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