505 Whipple, Prescott, AZ 86301
$1,750,000
Property Type:
Commercial/Indstrial
Square Footage:
10,567
Lot Size (sq. ft.):
27,878
Status:
Closed
Current Price:
$1,750,000
List Date:
1/05/2018
Last Modified:
8/10/2022
Description
Single tenant NN opportunity. Tenant has been at this location for approximately 10 years. Credit Tenant. Five year lease. Property is comprised of building and 3 parcels totalling .64 acres, NOB Zone. Located in flood plain. 8.57% cap at asking!
More Information MLS# 1008770
Contract/Address/Legal
List Price/SqFt: 166
Comm Type: Office
REO/Short Sale: Not Applicable
Zoning: iT
Business Name: Offices for Decision Point
Zoning Description: Nbhood orient.bus
Business Type: 115-05-043C
Assessor's Book #: 115
Assessor's Map #: 5
Assessor's Parcel #: 43
Assessor Parcel Ltr: C
Legal: AN IRREG M&B PTN OF SEC 28 THE SW COR LYING APPROX 200'N FROM THE
NW COR LOT 2 BLK 4 DAMERON TRACT SEC 28-14-2W
General Property Description
Aprx Acres: 0.64
Buildings: 1
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 33
Management: Owner
Vac Rate %: 0
CAM $: 0
GRM: 0
Property Use: Investment Prop
Space Available: No
Total Liveable SqFt: 10567
Year Built: 1999
NOI $: 150000
Cap %: 8.57
Baths - Full: 1
Tax Info
Taxes: 10700
Tax Year: 2016
Remarks & Misc
Directions: North on Montezuma/Whipple to Lincoln
Remarks: Single tenant NN opportunity. Tenant has been at this location for approximately 10 years. Credit Tenant. Five year lease. Property is comprised of building and 3 parcels totalling .64 acres, NOB Zone. Located in flood plain. 8.57% cap at asking!
Office/Member Info
Listing Exclusions: No
Status Change Info
Sold Price/SqFt: 166
Financing: Conventional
Under Contract Date: 2018-02-01
Sold Date: 2018-03-15
Sold Price: $1,750,000
Building Type
Office - Building: 1
Construction
Architect Concept: 1
Stucco: 1
Cooling
Central Air: 1
External Amenities
Drip System: 1
Handicap Access: 1
Landscaped: 1
Paved Parking: 1
Flooring
Carpet: 1
Tile: 1
Heating
Natural Gas: 1
Possession
Subject to Tenant: 1
Records Available
Other - See Remarks: 1
Road Responsibility
City: 1
City Maintained Road: 1
Roof
Rolled/Hot Mop: 1
Bathrooms
ADA: 1
Interior: 1
Separate M and W: 1
Business Location
Corner Location: 1
Terms & Conditions
Conventional: 1
Commercial Amenities
None: 1
Utilities Installed
Electricity: 1
Natural Gas: 1
Telephone: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Fire/Smoke Detector: 1
Sprinklers: 1
Parking
On-Site: 1
ContractAddressLegal
Original List Price: 1750000
Listing Date: 2018-01-05
Status: Closed
Listing Price: 1750000
Street #: 505
Street Name: Whipple
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Tax Parcel: 115-05-043C
Property Features
Bathrooms: ADA; Interior; Separate M and W
Building Type: Office - Building
Business Location: Corner Location
Commercial Amenities: None
Construction: Architect Concept; Stucco
Cooling: Central Air
External Amenities: Drip System; Handicap Access; Landscaped; Paved Parking
Flooring: Carpet; Tile
Heating: Natural Gas; Natural Gas
Internal Amenities: Fire/Smoke Detector; Sprinklers
Parking: On-Site
Possession: Subject to Tenant
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road
Roof: Rolled/Hot Mop
Utilities Installed: Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer
Listing Office:
Arizona Commercial
Last Updated: August - 10 - 2022
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