7763 E Florentine Road, Prescott Valley, AZ 86314

$850,000

7763 E Florentine Rd Front Entrance View

Property Type: Commercial/Indstrial Square Footage: 5,540 Lot Size (sq. ft.): 24,829 Status: Closed

Current Price: $850,000 List Date: 9/09/2020 Last Modified: 1/21/2021

Overview

Description

SINGLE TENANT NET LEASE investment opportunity at a 8.95% Cap Rate. Southwest Behavioral Health is under lease to 7/31/2021. Well-Maintained Pride of Ownership asset with a strong credit Tenant. Short lease term allows investor to reposition the asset with a year to realize a strong return during the lease-up period. The Tenant is willing to vacate for owner/user occupancy. The building is within the desirable shopping, entertainment and medical hub of Prescott Valley directly across from the entrance to hospital and just blocks from the Findlay Toyota Convention and Events Center. Located within Prescott Valley's Opportunity Zone the investor has the option to delay capital gains (see: https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions)

Listing Details MLS# 1024395

ContractAddressLegal

Original List Price: 975000
Listing Price: 895000
Street #: 7763
Direction: E
Street Name: Florentine
St Suffix: Road
City/Township: Prescott Valley
State: AZ
Zip Code: 86314
County: Yavapai
Tax Parcel: 103-02-710W

General Property Description

Aprx Acres: 0.57
Buildings: Yes
Total Liveable SqFt: 5540
Source of Measuremnt: Owner
Stories: Yes
Parking Spaces: 26
Year Built: 1997
Management: Owner
NOI $: 84752
Cap %: 8.69
CAM $: 3.98
Baths - Full: Yes
Property Use: Investment Prop
Construction Status: Existing
Max Contgs/Bldg Sz: 5540
Space Available: No
CC & R: Yes
Vac Rate %: 0
GRM: No

Tax Info

Taxes: 11127
Tax Year: 2018

Status Change Info

Under Contract Date: 2020-10-31
Sold Date: 2021-01-04
Sold Price/SqFt: 153
Financing: Conventional

Heating

Natural Gas: Yes
Electric: Yes
Zoned: Yes

Contract/Address/Legal

List Price/SqFt: 162
Comm Type: Office
REO/Short Sale: Not Applicable
Zoning: C2PAD
Assessor's Book #: 103
Assessor's Map #: 2
Assessor's Parcel #: 710
Assessor Parcel Ltr: W
Legal: A RECT PCL LYNG IN THE SE4SE4 WITH THE NE COR LYNG APPROX 560' N & 1090' W FROM THE SE COR SEC 14-14-1W CONT .57AC

More Information

Remarks & Misc

Directions: Between Glassford Hill Road and Lake Valley Road on the south side of East Florentine.
Remarks: SINGLE TENANT NET LEASE investment opportunity at a 8.95% Cap Rate. Southwest Behavioral Health is under lease to 7/31/2021. Well-Maintained Pride of Ownership asset with a strong credit Tenant. Short lease term allows investor to reposition the asset with a year to realize a strong return during the lease-up period. The Tenant is willing to vacate for owner/user occupancy. The building is within the desirable shopping, entertainment and medical hub of Prescott Valley directly across from the entrance to hospital and just blocks from the Findlay Toyota Convention and Events Center. Located within Prescott Valley's Opportunity Zone the investor has the option to delay capital gains (see: https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions)

Building Type

Office - Building: Yes
Other - See Remarks: Yes

Construction

Frame - Wood: Yes
Stucco: Yes

Cooling

Central Air: Yes
Gas Pack: Yes

External Amenities

Drip System: Yes
Fence: Yes
Handicap Access: Yes
Landscaped: Yes
Paved Parking: Yes
Security Lights: Yes

Flooring

Carpet: Yes
Tile: Yes
Vinyl: Yes

Possession

At Recordation: Yes

Records Available

Site Plan: Yes
Survey: Yes

Road Responsibility

City: Yes
Paved: Yes

Roof

Asphalt Shingle: Yes
Tile: Yes

Bathrooms

Interior: Yes
Separate M and W: Yes
Staff: Yes
Unisex: Yes

Business Location

Freestanding Bldg: Yes
Office/Professional: Yes

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes

Commercial Amenities

Ceiling Ht. 12-15: Yes
Ceiling Ht. Under 12: Yes

Utilities Installed

220: Yes
3 Phase: Yes
Electricity: Yes
Individual Meter: Yes
Natural Gas: Yes
Security System: Yes
Telephone: Yes
Water - City: Yes
WWT - City Sewer: Yes

Internal Amenities

Bathroom: Yes
Fire/Smoke Detector: Yes
Security/Alarm: Yes

Parking

On-Site: Yes

Property Features

Bathrooms: Interior; Separate M and W; Staff; Unisex Building Type: Office - Building; Other - See Remarks Business Location: Freestanding Bldg; Office/Professional Commercial Amenities: Ceiling Ht. Under 12; Ceiling Ht. 12-15 Construction: Frame - Wood; Stucco Cooling: Central Air; Gas Pack External Amenities: Drip System; Fence; Handicap Access; Landscaped; Paved Parking; Security Lights Flooring: Carpet; Tile; Vinyl Heating: Electric; Zoned Internal Amenities: Bathroom; Fire/Smoke Detector; Security/Alarm Parking: On-Site Possession: At Recordation Records Available: Site Plan; Survey Road Responsibility: Paved Roof: Asphalt Shingle; Tile Utilities Installed: 220; 3 Phase; Electricity; Individual Meter; Natural Gas; Security System; Telephone; Water - City; WWT - City Sewer

Documents

Offering Memorandum ›

Listing Office: Invest Southwest

Last Updated: January - 21 - 2021

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