7763 E Florentine Road

    Prescott Valley, AZ 86314
    • $975,000
    • STATUS: Active
    • ON SITE: 63 days
    • ID#: 1024395
    $975,000
    • 0
      BEDS
    • 0.57
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,540
      SQFT
    • $176
      $/SQFT
    Type:
    Commercial
    Built:
    1997
    County:

    School Ratings & Info

    Description

    SINGLE TENANT NET LEASE investment opportunity at a 8.69% Cap Rate. SW Behavioral Health is under lease to 7/2021 with a rent increase in July of 2020 bringing the return to 8.95% in the final year. Well-Maintained Pride of Ownership asset with a strong credit Tenant. Short lease term allows investor to reposition the asset. The Tenant is willing to vacate for owner/user occupancy.The building is within the desirable shopping, entertainment and medical hub of Prescott Valley directly across from the entrance to hospital and just blocks from the Findlay Toyota Convention and Events Center. Located within Prescott Valley's Opportunity Zone the investor has the option to delay capital gains (see: https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions)

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    © 2019 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 RE/MAX Mountain Properties. Data last updated: 2019-11-11T23:51:18.813.
    www.prescottareaproperty.com/homes/98798361

    7763 E Florentine Road Prescott Valley, AZ 86314

    • Price: $975,000
    • Status: Active
    • ID#: 1024395
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.57
    Acres
    5,540
    SQFT
    $176
    $/SQFT
    1997
    Built
    County:
    Yavapai
    Area:
    Prescott Valley
    Property Description
    SINGLE TENANT NET LEASE investment opportunity at a 8.69% Cap Rate. SW Behavioral Health is under lease to 7/2021 with a rent increase in July of 2020 bringing the return to 8.95% in the final year. Well-Maintained Pride of Ownership asset with a strong credit Tenant. Short lease term allows investor to reposition the asset. The Tenant is willing to vacate for owner/user occupancy.The building is within the desirable shopping, entertainment and medical hub of Prescott Valley directly across from the entrance to hospital and just blocks from the Findlay Toyota Convention and Events Center. Located within Prescott Valley's Opportunity Zone the investor has the option to delay capital gains (see: https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions)
    Exterior Features

    Construction StuccoFrame - Wood External Amenities Handicap AccessLandscapedFencePaved ParkingDrip SystemSecurity Lights Lot Size 24829 Parking On-Site Roof TileAsphalt Shingle

    Interior Features

    Bathrooms Separate M And WStaffUnisexInterior Cooling Gas PackCentral Air Flooring CarpetTileVinyl Heating ElectricZonedNatural GasGas Internal Amenities Fire/Smoke DetectorSecurity/AlarmBathroom Max Contgs Bldg Size 5540

    Property Features

    Building Type Other - See RemarksOffice - Building Buildings 1 Business Location Office/ProfessionalFreestanding Bldg CAM 3.98 Cap Percent 8.69 CCRs Yes Comm Type Office Commercial Amenities Ceiling Ht. Under 12Ceiling Ht. 12-15 Construction Status Existing GRM 0 Management Owner NOI 84752.00 Property Use Investment Prop Records Available Site PlanSurvey Reo Or Short Sale Not Applicable Road Access And Maintenance CityPaved Source Of Measurement Owner Space Available No Tax Year 2018 Taxes 11127.00 Utilities Installed Individual MeterNatural Gas3 PhaseTelephoneWater - City220ElectricityWwt - City SewerSecurity System Vacancy Rate Percent 0.00 Zoning C2pad

    Listing information © 2019 Prescott Area Association of Realtors, Inc.
    Listing provided courtesy of Sandra F Shaffer of Invest Southwest.


    © 2019 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 RE/MAX Mountain Properties. Data last updated: 2019-11-11T23:51:18.813.
     
    RE/MAX Mountain Properties
    5010 Bear Way
    Prescott AZ, 86301