1201 Iron Springs Road, Prescott, AZ 86305 (MLS# 1016080)

1201 Iron Springs Road, Prescott, AZ 86305

$1,765,000
Property Type: Commercial/Indstrial Square Footage: 13,000 Lot Size (sq. ft.): 37,026 Status: Closed
Current Price: $1,765,000 List Date: 10/10/2018 Last Modified: 5/20/2020

Overview

Description

Newly renovated strip center currently leased to 11 tenants. Now 100% leased! Excellent visibility, New paint, signage, monument signs, tenant improvements, awnings and doors (to be installed). Excellent cap rate of 8% and NOI of $138,931 which includes expenses management and 5% vacancy. Tenants include Spicy Streats, That Salad Place, Haute Locks, JVapes, Rock Climbing Gym, Crossfit, High Desert Lock and Safe, and Prescott Laundry.

Listing Details MLS# 1016080

ContractAddressLegal

Original List Price
1980000
Listing Price
1737000
Street #
1201
Street Name
Iron Springs
St Suffix
Road
City/Township
Prescott
State
AZ
Zip Code
86305
Subdivision
None
County
Yavapai
Tax Parcel
115-09-042F

General Property Description

Aprx Acres
0.85
Buildings
2
Total Liveable SqFt
13000
Source of Measuremnt
County Assessor
Parking Spaces
50
Year Built
1973
Management
Mgmt Company
NOI $
142231
Cap %
8
CAM $
2.94
Baths - Full
13
GRM
oo
Property Use
Investment Prop

Tax Info

Taxes
9856
Tax Year
2018

Status Change Info

Under Contract Date
2019-02-11
Sold Date
2019-04-23
Sold Price/SqFt
136
Financing
Conventional

More Information

Property Features

Bathrooms: ADA; Interior Building Type: 5+ Units; Retail - Free Stand; Retail - Shopping Center Business Location: Commercial Strip; Corner Location Commercial Amenities: Roll-Up Door(s) Construction: Block/Brick; Stucco Cooling: Central Air External Amenities: Paved Parking Flooring: Concrete; Tile; Wood Heating: Natural Gas; Natural Gas Internal Amenities: Fire/Smoke Detector Parking: On-Site; Street Parking Possession: Subject to Tenant Records Available: Alta Survey; Phase I; Survey Roof: Rolled/Hot Mop Utilities Installed: Individual Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer
Listing Office: Arizona Commercial
Last Updated: May - 20 - 2020
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