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

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

More Information

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 Arizona Territory
Last Updated: June - 05 - 2023
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