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
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)
More Information MLS# 1024395
ContractAddressLegal
Original List Price: 975000
Listing Date: 2019-08-23
Status: Closed
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
Lot Size: 24829
Aprx Acres: 0.57
Buildings: 1
Total Liveable SqFt: 5540
Source of Measuremnt: Owner
Stories: 1
Parking Spaces: 26
Year Built: 1997
Management: Owner
NOI $: 84752
Cap %: 8.69
CAM $: 3.98
Baths - Full: 1
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: $850,000
Sold Price/SqFt: 153
Financing: Conventional
Heating
Natural Gas: 1
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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