7763 E Florentine Road E

    Prescott Valley, AZ 86314
    • $975,000
    • STATUS: Active
    • ON SITE: 63 days
    • MLS #: 5979592
    UPDATED: 59 min ago
    $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 an 8.69% Cap Rate. SW Behavioral Health has lease to 7/2021 with increase July of 2020 bringing the return to 8.95% in the final year. Well-Maintained Pride of Ownership asset with strong credit Tenant. Short lease term allows investor to reposition asset with 2 yr window during which time they will have a strong return. Tenant will vacate for owner/user or a new Landlord approved Tenant. Building is within desirable shopping, entertainment and medical hub of Prescott Valley directly across from the entrance to hospital and blocks from the Findlay Toyota Event Center. Located within an Opportunity Zone for the investor's benefit,(for more information, see: https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions)

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    © 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 2019-11-20T18:11:25.043.
    www.yosthomes.com/homes/99051132

    7763 E Florentine Road E Prescott Valley, AZ 86314

    • Price: $975,000
    • Status: Active
    • Updated: 59 min ago
    • MLS #: 5979592
    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 an 8.69% Cap Rate. SW Behavioral Health has lease to 7/2021 with increase July of 2020 bringing the return to 8.95% in the final year. Well-Maintained Pride of Ownership asset with strong credit Tenant. Short lease term allows investor to reposition asset with 2 yr window during which time they will have a strong return. Tenant will vacate for owner/user or a new Landlord approved Tenant. Building is within desirable shopping, entertainment and medical hub of Prescott Valley directly across from the entrance to hospital and blocks from the Findlay Toyota Event Center. Located within an Opportunity Zone for the investor's benefit,(for more information, see: https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions)
    Exterior Features

    Construction Wood/FrameStucco Covered Parking Spaces 0.00 Exterior Features LandscapingBuilding SignMonument Sign Fencing BlockPartial Freeway Highway Up To 1 Mile Parking FreePrivate Parking Roofing Partial Tile Stories 1 Story Total Parking Spaces 34.00 Uncovered Parking Spaces 34.00

    Interior Features

    Amenities Reception RoomComputer RoomDisplay Window(S) Ceiling Height 10.1 Feet To 12 Feet Cooling Central A/C Flooring Vinyl/CompositionCeramic TileCarpet Heating ElectricGas2 Or More Units Interior Features FinishedSmoke Detector(S)Security SystemPrivate Restrooms

    Property Features

    Adjusted Gross Inc 106777.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1878.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 3000.00 Annual Legal And Acctg 0.00 Annual Maint Exp 2970.00 Annual Mgmt Exp 1800.00 Annual Other Expense 1800.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 1385.00 Building Type CommercialOther (See Remarks)Office Cross Street Between Windsong And Lake Valley Current Use Medical/DentalOffice Electric ApsUnderground2203 Phase Power Gas Underground Gross Annual Sch Inc 106777.00 Hoa Fee 0.00 Hoa YN No Loading Facilities None Lot Number 0 Net Operating Income 84752.00 Operating Exp 23960.00 Other Income 0.00 Ownership Fee Simple Pad Fee 0.00 Sewer Sewer - Public Source Of Financial Data Provided By Owner Taxes 11127.00 Traffic Count 5001 To 15000 Use Restrictions Other (See Remarks) Vacancy Allowance 0.00 Water City Franchise Zoning C2pad

    Listing courtesy of Invest Southwest.


    © 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 2019-11-20T18:11:25.043.
     
    Yost Realty Group at RE/MAX Casa Grande
    317 E. Cottonwood Lane, Suite C
    Casa Grande AZ, 85122