306 E Cottonwood Lane

    Casa Grande, AZ 85122
    • $656,000
    • STATUS: Active
    • ON SITE: 161 days
    • MLS #: 5819656
    UPDATED: 49 min ago
    $656,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,980
      SQFT
    • $132
      $/SQFT
    Type:
    Commercial
    Built:
    1977
    County:
    Area:

    School Ratings & Info

    Description

    7.5%+ CAP RATE based on actuals.This building has been operated as a daycare for decades. Tenant exercised their next option period and approximately 6 years is left on this option period. Base Rent increases 3% in every year. Only the building is for sale. The Daycare Tenant is on a long-term Lease.

    Monthly Payment Calculator

    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Yost Realty Group at RE/MAX Casa Grande. Data last updated 2019-02-22T13:11:44.323.
    www.yosthomes.com/homes/87471252

    306 E Cottonwood Lane Casa Grande, AZ 85122

    • Price: $656,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 5819656
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,980
    SQFT
    $132
    $/SQFT
    1977
    Built
    County:
    Pinal
    Area:
    Casa Grande
    Property Description
    7.5%+ CAP RATE based on actuals.This building has been operated as a daycare for decades. Tenant exercised their next option period and approximately 6 years is left on this option period. Base Rent increases 3% in every year. Only the building is for sale. The Daycare Tenant is on a long-term Lease.
    Exterior Features

    Construction Block Covered Parking Spaces 0.00 Exterior Features Dual Street FtgOther (See Remarks)Pole Sign Fencing Chain LinkOther (See Remarks) Parking Private Parking Roads Asphalt/Blacktop Roofing Built-Up Stories 1 Story Total Parking Spaces 0.00 Uncovered Parking Spaces 0.00

    Interior Features

    Amenities Kitchen Ceiling Height 8.1 Feet To 10 Feet Cooling Other (See Remarks) Flooring ConcreteOther (See Remarks)Carpet Heating Gas2 Or More Units Interior Features FinishedOther (See Remarks)Private RestroomsAlarm SystemSmoke Detector(S)Fire Sprinklers

    Property Features

    Adjusted Gross Inc 0.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 1200.00 Annual Other Expense 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Building Type Other (See Remarks) Cross Street Pinal Avenue & Cottonwood Lane Current Use Other (See Remarks) Electric Aps Gas Sw Gas Gross Annual Sch Inc 0.00 Hoa Fee 0.00 Hoa YN No Loading Facilities None Lot Number 13 -17 Net Operating Income 49440.00 Operating Exp 2596.28 Other Income 0.00 Ownership Fee Simple Pad Fee 0.00 Sewer Sewer - Public Source Of Financial Data Provided By Owner Taxes 1396.28 Use Restrictions Currently Leased Vacancy Allowance 0.00 Water City Franchise Zoning Tbd

    Listing courtesy of Metro Realty.
    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Yost Realty Group at RE/MAX Casa Grande. Data last updated 2019-02-22T13:11:44.323.
     
    Yost Realty Group at RE/MAX Casa Grande
    317 E. Cottonwood Lane, Suite C
    Casa Grande AZ, 85122