622 S Bennett Drive, Prescott Valley, AZ 86327

$1,730,000

Property Type: Commercial/Indstrial Baths: 2 Square Footage: 15,500 Lot Size (sq. ft.): 89,734 Status: Closed

Current Price: $1,730,000 List Date: 1/26/2018 Last Modified: 8/05/2020

Overview

Description

Its not very often an opportunity like this comes around. This Class A property was built in 2015 with 32 mini warehouse units, 2 storage containers & room for 5 more, 21 RV & 46 Car parking spaces, separate Men's and Women's restrooms, an Office trailer, 3 Phase, and an 8.33% CAP Rate. The entire property is fully fenced with automated gates, outdoor security lighting, Surveillance Cameras, all the units have LED lighting, insulation, and are finished vanilla shell. The property provides substantial opportunities to increases revenue, cash flow, and investment value by capitalizing on the available land to store RV’s, Boats, Horse Trailers, and build additional storage units. This is also the dream location to build a new building for your business while collecting $16K a month in revenue

Listing Details MLS# 1008035

ContractAddressLegal

Original List Price: 1800000
Listing Price: 1800000
Street #: 622
Direction: S
Street Name: Bennett
St Suffix: Drive
City/Township: Prescott Valley
State: AZ
Zip Code: 86327
County: Yavapai
Tax Parcel: 402-02-024U

General Property Description

Aprx Acres: 2.06
Buildings: 7
Total Liveable SqFt: 15500
Source of Measuremnt: County Assessor
Stories: Yes
Parking Spaces: 67
Year Built: 2015
Vac Rate %: 0.05
NOI $: 150000
Cap %: 8.33
Baths - Full: 34
GRM: 9.47
Property Use: Investment Prop
Space Available: Yes
Total Bathrooms: 2
CC & R Fees: 15501
CAM $: 0

Tax Info

Taxes: 16000
Tax Year: 2017

Status Change Info

Under Contract Date: 2018-03-13
Sold Date: 2018-06-08
Sold Price/SqFt: 112
Financing: Conventional

Construction

# of Bays: 32
Frame - Steel: Yes

Contract/Address/Legal

List Price/SqFt: 116
Comm Type: Industrial
REO/Short Sale: Not Applicable
Zoning: M1
Assessor's Book #: 402
Assessor's Map #: 2
Assessor's Parcel #: 24
Assessor Parcel Ltr: U
Legal: ANTELOPE MEADOWS COMMERCIAL CENTER REVERSIONARY PLAT PER MAP & PL ATT 57/24 & A METES & BOUNDS PORTION OF SECTION 3 TOWNSHIP 13N RA NGE 1E BEING THE WESTERLY PORTION OF TRACT A & AN APPROXIMATELY 1 8' STRIP ALONG THE NORTH LINE OF SAID TRACT A 2 CONT

More Information

Remarks & Misc

Directions: From State Route 169 turn North on Cold Water Lane. Follow it around until it becomes Bennett Drive. The Property is on the Northwest corner of Bennett Drive & Cold Water.
Remarks: Its not very often an opportunity like this comes around. This Class A property was built in 2015 with 32 mini warehouse units, 2 storage containers & room for 5 more, 21 RV & 46 Car parking spaces, separate Men's and Women's restrooms, an Office trailer, 3 Phase, and an 8.33% CAP Rate. The entire property is fully fenced with automated gates, outdoor security lighting, Surveillance Cameras, all the units have LED lighting, insulation, and are finished vanilla shell. The property provides substantial opportunities to increases revenue, cash flow, and investment value by capitalizing on the available land to store RV’s, Boats, Horse Trailers, and build additional storage units. This is also the dream location to build a new building for your business while collecting $16K a month in revenue

Building Type

5+ Units: Yes
Indust - Bus Prk: Yes
Indust - Warehouse: Yes
Indust-Manufacturing: Yes
Mini/Self Storage: Yes

Cooling

Room A/C: Yes

External Amenities

Fence: Yes
Handicap Access: Yes
Landscaped: Yes
Paved Parking: Yes
Security Lights: Yes
Storage Yard: Yes
External Restroom: Yes

Flooring

Carpet: Yes
Concrete: Yes

Heating

Electric: Yes

Possession

At Recordation: Yes

Records Available

Site Plan: Yes

Road Responsibility

City: Yes
City Maintained Road: Yes
Paved: Yes

Roof

Asphalt Shingle: Yes
Metal: Yes

Bathrooms

ADA: Yes
Exterior: Yes
Separate M and W: Yes

Business Location

Business Park: Yes
Freestanding Bldg: Yes
Office/Professional: Yes

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes
SBA: Yes

Commercial Amenities

Ceiling Ht. 12-15: Yes
Grade Level: Yes
Overhead Door(s): Yes
Roll-Up Door(s): Yes

Utilities Installed

220: Yes
3 Phase: Yes
Electricity: Yes
Master Meter: Yes
Security System: Yes
Telephone: Yes
Water - City: Yes
WWT - Septic: Yes

Internal Amenities

Security/Alarm: Yes

Parking

On-Site: Yes
Storage: Yes
Trailer: Yes
Truck: Yes

Property Features

Bathrooms: ADA; Exterior; Separate M and W Building Type: 5+ Units; Indust - Bus Prk; Indust - Warehouse; Indust-Manufacturing; Mini/Self Storage Business Location: Business Park; Freestanding Bldg; Office/Professional Commercial Amenities: Grade Level; Roll-Up Door(s); Ceiling Ht. 12-15; Overhead Door(s) Construction: Frame - Steel Cooling: Room A/C External Amenities: Fence; Handicap Access; Landscaped; Paved Parking; Security Lights; Storage Yard; External Restroom Flooring: Carpet; Concrete Heating: Electric Internal Amenities: Security/Alarm Parking: On-Site; Storage; Trailer; Truck Possession: At Recordation Records Available: Site Plan Road Responsibility: City Maintained Road; Paved Roof: Asphalt Shingle; Metal Utilities Installed: 220; 3 Phase; Electricity; Master Meter; Security System; Telephone; Water - City; WWT - Septic

Documents

Brochure ›

Listing Office: Sumner Commercial Real Estate

Last Updated: August - 05 - 2020

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