8841 E Florentine Road, Prescott Valley, AZ 86314

$1,050,000
Property Type: Commercial/Indstrial Baths: 6 Square Footage: 7,264 Lot Size (sq. ft.): 20,909 Status: Closed
Current Price: $1,050,000 List Date: 4/07/2023 Last Modified: 6/16/2023

Overview

Description

Great income property, this 6-unit office complex is 100% leased. Concrete Parking Lot, Re-Painted in 2021, and a new Fire Panel in 2021. Listed for $158 PSF at a 7.33% CAP RATE. Financials available with a signed non-disclosure agreement.

Listing Details MLS# 1048742

ContractAddressLegal

Original List Price
1150000
Listing Price
1150000
Street #
8841
Direction
E
Street Name
Florentine
St Suffix
Road
City/Township
Prescott Valley
State
AZ
Zip Code
86314
Subdivision
Prescott Valley 14
County
Yavapai
Tax Parcel
103-31-028A

General Property Description

Aprx Acres
0.48
Buildings
Yes
Total Liveable SqFt
7264
Source of Measuremnt
County Assessor
Stories
Yes
Parking Spaces
31
Year Built
1998
Management
Owner
Gross Vol/Yr $
108654
NOI $
84284.25
Cap %
7.33
CAM $
30033
Baths - Full
6
Traffic Count Per Day
2555
Property Use
Investment Prop
Construction Status
Existing
Total Bathrooms
6
CC & R Fees
7265
Vac Rate %
0
GRM
No

Tax Info

Taxes
12310
Tax Year
2021

Status Change Info

Under Contract Date
2023-04-26
Sold Date
2023-06-16
Sold Price/SqFt
145
Financing
Cash

Heating

Natural Gas
Yes

Contract/Address/Legal

List Price/SqFt
158
Neighborhood
N/A
Comm Type
Office
REO/Short Sale
Not Applicable
Zoning
C2-3
Zoning Description
Comm Sales & Service
Assessor's Book #
103
Assessor's Map #
31
Assessor's Parcel #
28
Assessor Parcel Ltr
A
Legal
LOTS 3996 & 3997 SEC 24-14-1W PRESCOTT VALLEY UNIT 14 BOOK 32 PAGE 8

More Information

Remarks & Misc

Directions
Traveling East on State Route 69, turn left onto Truwood Drive, then right onto East Florentine. Property is on right hand side of the street.
Remarks
Great income property, this 6-unit office complex is 100% leased. Concrete Parking Lot, Re-Painted in 2021, and a new Fire Panel in 2021. Listed for $158 PSF at a 7.33% CAP RATE. Financials available with a signed non-disclosure agreement.

Office/Member Info

Listing Exclusions
No

Building Type

5+ Units
Yes
Medical/Dental
Yes
Office - Building
Yes
Retail - Shopping Center
Yes

Construction

Stucco
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

External Amenities

Handicap Access
Yes
Paved Parking
Yes

Flooring

Carpet
Yes
Tile
Yes

Possession

Subject to Tenant
Yes

Records Available

Other - See Remarks
Yes

Road Responsibility

City
Yes
City Maintained Road
Yes
Paved
Yes

Roof

Rolled/Hot Mop
Yes
Tile
Yes

Bathrooms

Interior
Yes
Unisex
Yes

Business Location

Commercial Strip
Yes
Office/Professional
Yes

Terms & Conditions

1031 Exchange
Yes
Conventional
Yes
SBA
Yes

Commercial Amenities

Ceiling Ht. Under 12
Yes

Utilities Installed

220
Yes
Electricity
Yes
Natural Gas
Yes
Telephone
Yes
Water - City
Yes
WWT - City Sewer
Yes

Internal Amenities

Bathroom
Yes
Fire/Smoke Detector
Yes

Parking

On-Site
Yes

Pets/Animals

None
Yes

Property Features

Bathrooms: Interior; Unisex Building Type: 5+ Units; Medical/Dental; Office - Building; Retail - Shopping Center Business Location: Commercial Strip; Office/Professional Commercial Amenities: Ceiling Ht. Under 12 Construction: Stucco Cooling: Ceiling Fan(s); Central Air External Amenities: Handicap Access; Paved Parking Flooring: Carpet; Tile Internal Amenities: Bathroom; Fire/Smoke Detector Parking: On-Site Possession: Subject to Tenant Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Rolled/Hot Mop; Tile Utilities Installed: 220; Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer
Listing Office: Prescott Commercial Real Estate
Last Updated: June - 16 - 2023
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.