540 & 544 6th Street

    Prescott, AZ 86301
    • $1,200,000
    • STATUS: Active
    • ON SITE: 118 days
    • ID#: 1010555
    UPDATED: 22 min ago
    $1,200,000
    • 0
      BEDS
    • 0.69
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,875
      SQFT
    • $101
      $/SQFT
    Type:
    Commercial
    Built:
    1994
    County:
    Area:

    School Ratings & Info

    Description

    Multi Tenant Industrial buildings well located on busy industrial corridor with heavy daytime traffic. The popular sized suites are all leased.Rents have been increasing with more increases build into current leases. The current cap rate will increase in the next few months with no effort on new owners part. This vibrant complex has adequate parking and good mix of lease spaces.Tenants like the visibility and convenience of this location. At target rents this is over a 9 cap. Great upside for a new owner.

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    Listing information © 2018 Prescott Area Association of Realtors MLS. 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. Data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Mountain Properties.
    www.prescottareaproperty.com/homes/81969894

    540 & 544 6th Street Prescott, AZ 86301

    • Price: $1,200,000
    • Status: Active
    • Updated: 22 min ago
    • ID#: 1010555
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.69
    Acres
    11,875
    SQFT
    $101
    $/SQFT
    1994
    Built
    County:
    Yavapai
    Area:
    Prescott
    Property Description
    Multi Tenant Industrial buildings well located on busy industrial corridor with heavy daytime traffic. The popular sized suites are all leased.Rents have been increasing with more increases build into current leases. The current cap rate will increase in the next few months with no effort on new owners part. This vibrant complex has adequate parking and good mix of lease spaces.Tenants like the visibility and convenience of this location. At target rents this is over a 9 cap. Great upside for a new owner.
    Exterior Features

    Construction Frame - Steel External Amenities LandscapedSecurity LightsPaved Parking Lot Size 29185 Parking On-Site Roof Metal

    Interior Features

    Bathrooms Ada Bathrooms Number 11.00 Cooling Central AirRoom A/CEvaporative Flooring CarpetLaminateConcrete Heating ElectricGasNatural Gas Internal Amenities Fire/Smoke DetectorBathroom Max Contgs Bldg Size 7000

    Property Features

    Building Type 5+ UnitsIndust - WarehouseIndust - ShowroomIndust - Flex Space Buildings 2 Business Location Freestanding BldgCommercial Strip Business Type Multiple CAM 1.98 Cap Percent 6.74 Comm Type Industrial Commercial Amenities Ceiling Ht. 12-15 Construction Status Existing GRM 133 Listing Exclusions No NOI 80907.00 Property Use Investment Prop Records Available Other - See Remarks Reo Or Short Sale Not Applicable Road Access And Maintenance CityMaint-CityPaved Source Of Measurement County Assessor Space Available No Tax Year 2017 Taxes 10041.00 Utilities Installed Individual MeterWwt - City SewerElectricity220Water - CityTelephone3 PhaseNatural Gas Vacancy Rate Percent 0.00 Zoning Il Zoning Description Industrial Light

    Listing provided courtesy of Sandra F. Shaffer of Invest Southwest
    Listing information © 2018 Prescott Area Association of Realtors MLS. 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. Data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Mountain Properties.
     
    RE/MAX Mountain Properties
    5010 Bear Way
    Prescott AZ, 86301