611 Miller Valley Road, Prescott, AZ 86301 (MLS# 1045357)

611 Miller Valley Road, Prescott, AZ 86301

$1,200,000
Property Type: Commercial/Indstrial Square Footage: 11,011 Lot Size (sq. ft.): 26,572 Status: Closed
Current Price: $1,200,000 List Date: 3/04/2022 Last Modified: 10/28/2022

Overview

Description

On the Market for the first time in 49 years! This 7-unit multi-tenant shopping center is a perfect addition to your portfolio. The property is 100% occupied by 6 separate tenants, new roof in February of 2022, 33 parking spaces, zoned business general, and offers great exposure along Miller Valley Road. There are a lot of upsides in increasing under market base rents, adding NNN's to the gross leases, and renegotiating month to month leases. Current financials and pro-forma available with a signed NDA.

Listing Details MLS# 1045357

ContractAddressLegal

Original List Price
1400000
Listing Price
1400000
Street #
611
Street Name
Miller Valley
St Suffix
Road
City/Township
Prescott
State
AZ
Zip Code
86301
Subdivision
Brannen Tract
County
Yavapai
Tax Parcel
113-07-012

General Property Description

Aprx Acres
0.61
Buildings
Yes
Total Liveable SqFt
11011
Source of Measuremnt
County Assessor
Stories
Yes
Parking Spaces
33
Year Built
1973
Management
Owner
Gross Vol/Yr $
87600
NOI $
67726
Cap %
4.84
CAM $
19874
Baths - Full
7
GRM
15.98
Property Use
Investment Prop
Construction Status
Existing
Space Available
No
Date Available
2022-02-18
CC & R Fees
11012

Tax Info

Taxes
9025
Tax Year
2021

Status Change Info

Under Contract Date
2022-03-10
Sold Date
2022-03-31
Sold Price/SqFt
109
Financing
Cash

Construction

# of Bays
Yes
Bay Door Height
10'

More Information

Property Features

Bathrooms: Interior; Unisex Building Type: 5+ Units; Retail - Shopping Center Business Location: Commercial Strip Commercial Amenities: Roll-Up Door(s); Ceiling Ht. Under 12; Overhead Door(s) Construction: Block/Brick; Frame - Wood Cooling: Central Air External Amenities: Handicap Access; Paved Parking; Security Lights Flooring: Carpet; Concrete; Tile Heating: Natural Gas; Natural Gas Internal Amenities: Bathroom; Fire/Smoke Detector; Security/Alarm Parking: On-Site Possession: Subject to Tenant Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Rolled/Hot Mop Utilities Installed: 220; Electricity; Individual Meter; Master Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office: Better Homes and Gardens Real Estate Bloomtree Realty
Last Updated: October - 28 - 2022
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