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
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.
More Information MLS# 1022913
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
General Property Description
Aprx Acres: 2.36
Lot Size: 102801.6
Buildings: 2
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 166
Management: Owner
Gross Vol/Yr $: 326465.68
Vac Rate %: 0
CAM $: 0
GRM: 6.8
Traffic Count Per Day: 39052
Property Use: Investment Prop
Construction Status: Existing
Space Available: Yes
Date Available: 2019-07-15
Total Liveable SqFt: 22049
Year Built: 2004
NOI $: 219847.68
Cap %: 8.8
Baths - Full: 12
Total Bathrooms: 12
Tax Info
Taxes: 62990
Tax Year: 2018
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.
Status Change Info
Sold Price/SqFt: 115
Financing: Exchange
Under Contract Date: 2019-11-14
Sold Date: 2019-12-24
Sold Price: $2,525,000
Building Type
5+ Units: 1
Retail - Shopping Center: 1
Construction
# of Bays: 2
Bay Door Height: 10'
Block/Brick: 1
Stucco: 1
Cooling
Central Air: 1
External Amenities
Handicap Access: 1
Landscaped: 1
Paved Parking: 1
Security Lights: 1
Flooring
Carpet: 1
Concrete: 1
Laminate: 1
Wood: 1
Heating
Heat Pump: 1
Natural Gas: 1
Possession
Other: 1
Records Available
Other - See Remarks: 1
Road Responsibility
City: 1
City Maintained Road: 1
Paved: 1
Roof
Rolled/Hot Mop: 1
Bathrooms
Interior: 1
Public: 1
Staff: 1
Business Location
Commercial Strip: 1
Freestanding Bldg: 1
Multiple Locations: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Submit: 1
Commercial Amenities
Ceiling Ht. Under 12: 1
Grade Level: 1
Overhead Door(s): 1
Roll-Up Door(s): 1
Utilities Installed
Electricity: 1
Individual Meter: 1
Natural Gas: 1
Security System: 1
Telephone: 1
Underground: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Bathroom: 1
Fire/Smoke Detector: 1
Parking
On-Site: 1
Street Parking: 1
Trailer: 1
Truck: 1
ContractAddressLegal
Original List Price: 2960000
Listing Date: 2019-07-15
Status: Closed
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 &
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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