1201 Iron Springs Road

    Prescott, AZ 86305
    • $1,980,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: 1016080
    UPDATED: 17 min ago
    $1,980,000
    • 0
      BEDS
    • 0.85
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,000
      SQFT
    • $152
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1973
    County:
    Area:

    School Ratings & Info

    Description

    Newly renovated strip center currently leased to 11 tenants. 2 vacant suites will be guaranteed by owner. Excellent visibility, New paint, signage, monument signs, tenant improvements, awnings and doors (to be installed). Excellent cap rate of 7.18% and NOI of $142,231 which includes expenses management and 5% vacancy. Tenants include Spicy Streats, That Salad Place, Haute SLocks, JVapes, Rock Climbing Gym, Crossfit and Prescott Laundry.

    Monthly Payment Calculator



    © 2018 Prescott Area Association of Realtors, Inc. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kingsbury Group | Keller Williams Northern Arizona. Data last updated: 2018-10-22T20:51:05.033.
    www.prescottarizonarealestate.info/homes/88374834

    1201 Iron Springs Road Prescott, AZ 86305

    • Price: $1,980,000
    • Status: Active
    • Updated: 17 min ago
    • ID#: 1016080
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.85
    Acres
    13,000
    SQFT
    $152
    $/SQFT
    1973
    Built
    Neighborhood:
    None
    County:
    Yavapai
    Area:
    Prescott
    Property Description
    Newly renovated strip center currently leased to 11 tenants. 2 vacant suites will be guaranteed by owner. Excellent visibility, New paint, signage, monument signs, tenant improvements, awnings and doors (to be installed). Excellent cap rate of 7.18% and NOI of $142,231 which includes expenses management and 5% vacancy. Tenants include Spicy Streats, That Salad Place, Haute SLocks, JVapes, Rock Climbing Gym, Crossfit and Prescott Laundry.
    Exterior Features

    Construction Block/BrickStucco External Amenities Paved Parking Parking On-SiteStreet Parking Roof Rolled/Hot Mop

    Interior Features

    Bathrooms AdaInterior Cooling Central Air Flooring ConcreteWoodTile Heating Gas Internal Amenities Fire/Smoke Detector

    Property Features

    Building Type 5+ UnitsRetail - Shopping CenterRetail - Free Stand Buildings 2 Business Location Commercial StripCorner Location Business Name Investment Business Type Multi Tenant CAM 2.94 Cap Percent 7.18 Comm Type Retail Commercial Amenities Roll-Up Door(S) GRM Oo Listing Exclusions No Management Mgmt Company Neighborhood N/A NOI 142231.00 Property Use Investment Prop Records Available Alta SurveySurveyPhase I Reo Or Short Sale Not Applicable Road Access And Maintenance City Source Of Measurement County Assessor Tax Year 2018 Taxes 9856.00 Utilities Installed Individual MeterWwt - City SewerWater - CityTelephoneNatural Gas Vacancy Rate Percent 0.00 Zoning Br

    Listing information © 2018 Prescott Area Association of Realtors, Inc.
    Listing provided courtesy of Sharon Mortensen of Arizona Commercial Llc.


    © 2018 Prescott Area Association of Realtors, Inc. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kingsbury Group | Keller Williams Northern Arizona. Data last updated: 2018-10-22T20:51:05.033.
     
    The Kingsbury Group | Keller Williams Northern Arizona
    102 N Montezuma
    Prescott AZ, 86001