Professional Office Investment Opportunity!

1955 Commerce Center Circle, Prescott, AZ

$1,100,000

Price

7.85%

Cap Rate

6,496 sqft

Building Size

Overview
Cap Rate
7.85%
Building Size
6,496 sqft
Lot Area
0.19 acres
Occupancy
92%
Year Built
2005
Tenancy
Multiple
Floors
1
Parking Spots
23
Construction Status
Existing
Roof
Tile
HVAC
Central Air
Floor
carpet ; laminate ; tile
Restrooms
8
Description

Professional office investment property FOR SALE. Centrally located between Prescott, Prescott Valley and Chino Valley and within the City of Prescott located at 1955 Commerce Center Circle. Excellent Tenant mix with the A/B suite combined and leased by Mandalay Communities, the C suite is broken into professional offices and has 2 Tenants; Terra Sole Landscaping and Bank of Colorado and 1 vacancy of 498 sq. ft. and the D suite is leased to Evergreen Home Loans. Occupancy is 92% and a 7.85% cap rate. Property is under a POA and the quarterly fees are $632.78 which includes water, sewer, trash, parking lot maintenance and landscape maintenance. Large common parking area, low maintenance stucco exterior with tile roof, well designed interior offices with 2 restrooms per suite, kitchenettes in all, new flooring and paint in the A/B suite, conference rooms and combined workspaces. Excellent visibility from Prescott Lakes Parkway. Please allow a 24 - 48 hour notice to show due to the number of Tenants that need to be noticed.

Highlights
  • Professional office investment property.
  • 7.85% Cap rate and occupancy is at 92%.
  • Large common parking lot, low maintenance stucco exterior with tile roof.
  • Excellent visibility from Prescott Lakes Parkway.
  • 1 vacancy at 498 sq. ft.
Documents

Location
Gallery