6594/6616 E 2nd Street, Prescott Valley, AZ 86314

$2,525,000

Property Type: Commercial/Indstrial Baths: 12 Square Footage: 22,049 Lot Size (sq. ft.): 102,802 Status: Closed

Current Price: $2,525,000 List Date: 7/15/2019 Last Modified: 8/05/2020

Overview

Description

PRIME RETAIL STRIP CENTER WITH HIGHWAY 69 FRONTAGE IN THE BUSIEST CORRIDOR OF PRESCOTT VALLEY! These two buildings were built in 2002 & 2004. Fantastic Parking ratio of 7.54 spaces per 1000 sq. ft. (166 parking spaces total). There are 12 leasable suites in the two buildings. Very diverse internet resistant tenant mix that range from International companies to sole proprietors. Wonderful exposure with an average traffic count of 39052 vehicles per day. Ingress and Egress from both 2nd street and 1st street. 100% Leased and offered at a 7% Cap Rate. Financials are available with a signed Non-Disclosure Agreement.

Listing Details MLS# 1022913

ContractAddressLegal

Original List Price: 2960000
Listing Price: 2499000
Street #: 6594/6616
Direction: E
Street Name: 2nd
St Suffix: Street
City/Township: Prescott Valley
State: AZ
Zip Code: 86314
County: Yavapai
Tax Parcel: 103-08-042E &

General Property Description

Aprx Acres: 2.36
Buildings: 2
Total Liveable SqFt: 22049
Source of Measuremnt: County Assessor
Stories: Yes
Parking Spaces: 166
Year Built: 2004
Management: Owner
Gross Vol/Yr $: 326465.68
NOI $: 219847.68
Cap %: 8.8
Baths - Full: 12
GRM: 6.8
Traffic Count Per Day: 39052
Property Use: Investment Prop
Construction Status: Existing
Space Available: Yes
Date Available: 2019-07-15
Total Bathrooms: 12
Vac Rate %: 0
CAM $: 0

Tax Info

Taxes: 62990
Tax Year: 2018

Status Change Info

Under Contract Date: 2019-11-14
Sold Date: 2019-12-24
Sold Price/SqFt: 115
Financing: Exchange

Construction

# of Bays: 2
Bay Door Height: 10'
Block/Brick: Yes
Stucco: Yes

Contract/Address/Legal

List Price/SqFt: 113
Comm Type: Shopping Center
REO/Short Sale: Not Applicable
Zoning: C3
Legal: A REC PCL SW4NE4 NW COR APPROX 1958'S & 2310'W FROM NE COR OF SEC 21-14-1W CONT 1.10AC

More Information

Remarks & Misc

Directions: Heading west on Hwy 69, turn left on Valley View south to East 2nd Street. Turn right on East 2nd Street & follow to property on right.
Remarks: PRIME RETAIL STRIP CENTER WITH HIGHWAY 69 FRONTAGE IN THE BUSIEST CORRIDOR OF PRESCOTT VALLEY! These two buildings were built in 2002 & 2004. Fantastic Parking ratio of 7.54 spaces per 1000 sq. ft. (166 parking spaces total). There are 12 leasable suites in the two buildings. Very diverse internet resistant tenant mix that range from International companies to sole proprietors. Wonderful exposure with an average traffic count of 39052 vehicles per day. Ingress and Egress from both 2nd street and 1st street. 100% Leased and offered at a 7% Cap Rate. Financials are available with a signed Non-Disclosure Agreement.

Building Type

5+ Units: Yes
Retail - Shopping Center: Yes

Cooling

Central Air: Yes

External Amenities

Handicap Access: Yes
Landscaped: Yes
Paved Parking: Yes
Security Lights: Yes

Flooring

Carpet: Yes
Concrete: Yes
Laminate: Yes
Wood: Yes

Heating

Heat Pump: Yes
Natural Gas: Yes

Possession

Other: Yes

Records Available

Other - See Remarks: Yes

Road Responsibility

City: Yes
City Maintained Road: Yes
Paved: Yes

Roof

Rolled/Hot Mop: Yes

Bathrooms

Interior: Yes
Public: Yes
Staff: Yes

Business Location

Commercial Strip: Yes
Freestanding Bldg: Yes
Multiple Locations: Yes

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes
Submit: Yes

Commercial Amenities

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

Utilities Installed

Electricity: Yes
Individual Meter: Yes
Natural Gas: Yes
Security System: Yes
Telephone: Yes
Underground: Yes
Water - City: Yes
WWT - City Sewer: Yes

Internal Amenities

Bathroom: Yes
Fire/Smoke Detector: Yes

Parking

On-Site: Yes
Street Parking: Yes
Trailer: Yes
Truck: Yes

Property Features

Bathrooms: Interior; Public; Staff Building Type: 5+ Units; Retail - Shopping Center Business Location: Commercial Strip; Freestanding Bldg; Multiple Locations Commercial Amenities: Grade Level; Roll-Up Door(s); Ceiling Ht. Under 12; Overhead Door(s) Construction: Block/Brick; Stucco Cooling: Central Air External Amenities: Handicap Access; Landscaped; Paved Parking; Security Lights Flooring: Carpet; Concrete; Laminate; Wood Heating: Heat Pump; Natural Gas; Natural Gas Internal Amenities: Bathroom; Fire/Smoke Detector Parking: On-Site; Street Parking; Trailer; Truck Possession: Other Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Rolled/Hot Mop Utilities Installed: Electricity; Individual Meter; Natural Gas; Security System; Telephone; Underground; Water - City; WWT - City Sewer

Listing Office: Sumner Commercial Real Estate

Last Updated: August - 05 - 2020

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