Bought with Russ Lyon Sotheby's Internatio
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1555 W Iron Springs RD Prescott, AZ 86305
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Key Details
Sold Price $2,940,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Subdivision Forbing Park
MLS Listing ID 1050846
Sold Date 11/18/22
Full Baths 58
Originating Board paar
Year Built 1981
Annual Tax Amount $20,957
Tax Year 2021
Lot Size 1.560 Acres
Acres 1.56
Property Description
Fantastic opportunity to acquire this mixed-use multi tenant investment property. The property consists of 4 Parcels, 22,530 square feet of leasable square footage currently demised into 58 units. (14 Traditional offices, 32 Storage Units, and 12 Units that are half office and half warehouse). Property features 78 Parking spaces, a large monument marquee sign, County zoning so there is no city TPT tax, currently 100% leased, average daily traffic counts at the last study in 2016 were 21,700 vehicles per day. 2023 proforma assumptions are $251,079.80 NOI and a 9% Cap Rate. Financials available with a signed NDA.
Location
State AZ
County Yavapai
Zoning Yavapai County C1-4
Interior
Interior Features Bathroom, Ceiling Fan(s), Fire/Smoke Detector, Security/Alarm
Heating Electric, Natural Gas
Cooling Ceiling Fan(s), Central Air, Gas Pack, Room A/C
Flooring Carpet, Concrete, Tile
Exterior
Exterior Feature Fence, Handicap Access, Landscaped, Paved Parking, Security Light
Utilities Available Service - 220v, Electricity On-Site, Fire Hydrant, Individual Meter, Master Meters, Natural Gas On-Site, Telephone On-Site, Underground Utilities, Water - City, WWT - City Sewer
Roof Type Rolled/Hot Mop
Total Parking Spaces 82
Building
Story 1
Structure Type Block/Brick, Wood Frame
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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