999 Division Street, Prescott, AZ 86301

$1,820,000
Property Type: Commercial/Indstrial Square Footage: 4,922 Lot Size (sq. ft.): 12,197 Status: Active
Current Price: $1,820,000 List Date: 7/24/2024 Last Modified: 7/24/2024

Description

Rare Opportunity to purchase this Single Tenant, Medical Office Building, Net Leased Investment located adjacent to the Dignity Health hospital's west campus in Prescott AZ. Offered at $1,820,000, with a Going-in CAP Rate of 6.5% and annual CPI increases. This 4,922-sf medical office building is currently leased to Arizona Neurosurgery & Spine. The lease began on 1-1-22 and expires on 12-31-26. Originally built in 1988, the building has been recently renovated and is in excellent condition. The floor plan features +/-4,000 sf on the main level which includes 5 exam rooms with sinks, 3 provider offices which can be converted into additional exam rooms, 1 large surgical room, 3 surgical prep rooms, a separate lobby and entrance for surgical procedures, 2 nursing stations, a manager office,

Supplements: Rare Opportunity to purchase this Single Tenant, Medical Office Building, Net Leased Investment located adjacent to the Dignity Health hospital's west campus in Prescott AZ. Offered at $1,820,000, with a Going-in CAP Rate of 6.5% and annual CPI increases. This 4,922-sf medical office building is currently leased to Arizona Neurosurgery & Spine. The lease began on 1-1-22 and expires on 12-31-26. Originally built in 1988, the building has been recently renovated and is in excellent condition. The floor plan features +/-4,000 sf on the main level which includes 5 exam rooms with sinks, 3 provider offices which can be converted into additional exam rooms, 1 large surgical room, 3 surgical prep rooms, a separate lobby and entrance for surgical procedures, 2 nursing stations, a manager office, large waiting room and reception desk, a stacked washer/dryer room, 2 storage rooms, 2 restrooms and a private outside patio area. The second floor is +/-920 sf and offers additional office space in a large open bullpen area, a kitchen breakroom with sink and built in counter tops and a separate restroom (see attached Floor Plan). There are 24 on-site parking spaces. The Tenant is currently leasing only the first-floor space and the second-floor space is available to lease or be used by the future building owner.

More Information MLS# 1065586

ContractAddressLegal

Original List Price: 1820000 Listing Date: 2024-07-24 Status: Active Listing Price: 1820000 Street #: 999 Street Name: Division St Suffix: Street City/Township: Prescott State: AZ Zip Code: 86301 County: Yavapai Tax Parcel: 116-19-003B & 003D

General Property Description

Lot Size: 12248 Aprx Acres: 0.28 Buildings: 1 Total Liveable SqFt: 4922 Source of Measuremnt: County Assessor Stories: 2 Parking Spaces: 24 Year Built: 1992 Management: Owner NOI $: 118495 Cap %: 6.5 Baths - Full: 1 CC & R Fees: 9844

Tax Info

Taxes: 5046 Tax Year: 2023

Property Features

Bathrooms: ADA; Interior; Separate M and W; Unisex Building Type: Medical/Dental Business Location: Freestanding Bldg; Office/Professional Commercial Amenities: Ceiling Ht. Under 12 Construction: Frame - Wood; Stucco Cooling: Gas Pack; Room A/C External Amenities: Fence; Handicap Access; Landscaped; Paved Parking Flooring: Carpet; Laminate Heating: Natural Gas; Natural Gas Internal Amenities: Bathroom; Security/Alarm; Other - See Remarks Parking: On-Site Records Available: Other - See Remarks Road Responsibility: City Maintained Road Roof: Rolled/Hot Mop; Tile Utilities Installed: Master Meter; Natural Gas; Security System; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: July - 24 - 2024
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