7763 E Florentine Road, Prescott Valley, AZ 86314

$850,000
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

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

More Information

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

Listing Office: Invest Southwest
Last Updated: January - 21 - 2021
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.
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