914 E Gurley, Prescott, AZ 86301

$1,420,000
Property Type: Commercial/Indstrial Square Footage: 11,892 Status: Closed
Current Price: $1,420,000 List Date: 11/11/2011 Last Modified: 6/05/2023

Overview

Description

100% leased investment, 8% cap rate, 9.9% cash on cash return. Long term leases, Windermere has signed a 10 year lease and Lawyers/Fidelity has signed a 5 year lease. Excellent investment property with minimal Landlord responsibilities. See attachment for marketing brochure.

Listing Details MLS# 960140

ContractAddressLegal

Original List Price
1489000
Listing Price
1489000
Street #
914
Direction
E
Street Name
Gurley
City/Township
Prescott
State
AZ
Zip Code
86301
County
Yavapai
Tax Parcel
114-04-035

General Property Description

Buildings
Yes
Total Liveable SqFt
11892
Source of Measuremnt
Builder Plans
Stories
2
Parking Spaces
32
Year Built
2000
Management
Mgmt Company
NOI $
119138
Cap %
8
CAM $
5
Property Use
Investment Prop
GRM
No

Tax Info

Taxes
11000
Tax Year
2011

Status Change Info

Under Contract Date
2012-03-30
Sold Date
2012-03-30
Sold Price/SqFt
119
Financing
Conventional

Contract/Address/Legal

List Price/SqFt
125
Comm Type
Office
REO/Short Sale
Not Applicable
Zoning
BG
Zoning Description
BG
Business Type
Service
Assessor's Book #
114
Assessor's Map #
4
Assessor's Parcel #
35
Legal
Joslin Sub N 79.81' Less Tri Pt In Nw Cor Lot 2 Blk D Ap2; Allof Lots 3 4 Blk D 607/387

Remarks & Misc

Directions
East on Gurley from Square to 914 on north side.
Remarks
100% leased investment, 8% cap rate, 9.9% cash on cash return. Long term leases, Windermere has signed a 10 year lease and Lawyers/Fidelity has signed a 5 year lease. Excellent investment property with minimal Landlord responsibilities. See attachment for marketing brochure.

More Information

Building Type

Office - Building
Yes

Construction

Frame - Wood
Yes
Stucco
Yes

Cooling

Central Air
Yes

External Amenities

Handicap Access
Yes
Landscaped
Yes
Paved Parking
Yes

Flooring

Carpet
Yes
Tile
Yes
Vinyl
Yes

Heating

Natural Gas
Yes

Possession

Subject to Tenant
Yes

Records Available

Alta Survey
Yes
Phase I
Yes
Site Plan
Yes
Survey
Yes

Road Responsibility

City
Yes
City Maintained Road
Yes

Roof

Metal
Yes
Rolled/Hot Mop
Yes

Bathrooms

ADA
Yes
Public
Yes
Separate M and W
Yes

Business Location

Freestanding Bldg
Yes
Office/Professional
Yes

Terms & Conditions

Conventional
Yes

Commercial Amenities

Ceiling Ht. Under 12
Yes

Utilities Installed

Electricity
Yes
Individual Meter
Yes
Natural Gas
Yes
Telephone
Yes
Water - City
Yes
WWT - City Sewer
Yes

Internal Amenities

Elevator(s)
Yes
Fire/Smoke Detector
Yes
Security/Alarm
Yes
Sprinklers
Yes

Parking

On-Site
Yes

Property Features

Bathrooms: ADA; Public; Separate M and W Building Type: Office - Building Business Location: Freestanding Bldg; Office/Professional Commercial Amenities: Ceiling Ht. Under 12 Construction: Frame - Wood; Stucco Cooling: Central Air External Amenities: Handicap Access; Landscaped; Paved Parking Flooring: Carpet; Tile; Vinyl Heating: Natural Gas; Natural Gas Internal Amenities: Elevator(s); Fire/Smoke Detector; Security/Alarm; Sprinklers Parking: On-Site Possession: Subject to Tenant Records Available: Alta Survey; Phase I; Site Plan; Survey Road Responsibility: City Maintained Road Roof: Metal; Rolled/Hot Mop Utilities Installed: Electricity; Individual Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer
Listing Office: Arizona Commercial
Last Updated: June - 05 - 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.