611 Miller Valley Road, Prescott, AZ 86301
$1,200,000
Property Type:
Commercial/Indstrial
Square Footage:
11,011
Lot Size (sq. ft.):
26,572
Status:
Closed
Current Price:
$1,200,000
List Date:
3/04/2022
Last Modified:
10/28/2022
Description
On the Market for the first time in 49 years! This 7-unit multi-tenant shopping center is a perfect addition to your portfolio. The property is 100% occupied by 6 separate tenants, new roof in February of 2022, 33 parking spaces, zoned business general, and offers great exposure along Miller Valley Road. There are a lot of upsides in increasing under market base rents, adding NNN's to the gross leases, and renegotiating month to month leases. Current financials and pro-forma available with a signed NDA.
More Information MLS# 1045357
ContractAddressLegal
Original List Price: 1400000
Listing Date: 2022-02-18
Status: Closed
Listing Price: 1400000
Street #: 611
Street Name: Miller Valley
St Suffix: Road
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Tax Parcel: 113-07-012
General Property Description
Lot Size: 25827
Aprx Acres: 0.61
Buildings: 1
Total Liveable SqFt: 11011
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 33
Year Built: 1973
Management: Owner
Gross Vol/Yr $: 87600
NOI $: 67726
Cap %: 4.84
CAM $: 19874
Baths - Full: 7
GRM: 15.98
Property Use: Investment Prop
Construction Status: Existing
Space Available: No
Date Available: 2022-02-18
CC & R Fees: 11012
Tax Info
Taxes: 9025
Tax Year: 2021
Status Change Info
Under Contract Date: 2022-03-10
Sold Date: 2022-03-31
Sold Price: $1,200,000
Sold Price/SqFt: 109
Financing: Cash
Construction
# of Bays: 1
Bay Door Height: 10'
Property Features
Bathrooms: Interior; Unisex
Building Type: 5+ Units; Retail - Shopping Center
Business Location: Commercial Strip
Commercial Amenities: Roll-Up Door(s); Ceiling Ht. Under 12; Overhead Door(s)
Construction: Block/Brick; Frame - Wood
Cooling: Central Air
External Amenities: Handicap Access; Paved Parking; Security Lights
Flooring: Carpet; Concrete; Tile
Heating: Natural Gas; Natural Gas
Internal Amenities: Bathroom; Fire/Smoke Detector; Security/Alarm
Parking: On-Site
Possession: Subject to Tenant
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Rolled/Hot Mop
Utilities Installed: 220; Electricity; Individual Meter; Master Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: October - 28 - 2022
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