6594/6616 E 2nd Street, Prescott Valley, AZ 86314 (MLS# 1022913)

6594/6616 E 2nd Street, Prescott Valley, AZ 86314

$2,525,000

Property Type: Commercial/Indstrial Baths: 12 Square Footage: 22,049 Lot Size (sq. ft.): 102,802 Status: Closed

Current Price: $2,525,000 List Date: 7/15/2019 Last Modified: 8/05/2020

Overview

Description

PRIME RETAIL STRIP CENTER WITH HIGHWAY 69 FRONTAGE IN THE BUSIEST CORRIDOR OF PRESCOTT VALLEY! These two buildings were built in 2002 & 2004. Fantastic Parking ratio of 7.54 spaces per 1000 sq. ft. (166 parking spaces total). There are 12 leasable suites in the two buildings. Very diverse internet resistant tenant mix that range from International companies to sole proprietors. Wonderful exposure with an average traffic count of 39052 vehicles per day. Ingress and Egress from both 2nd street and 1st street. 100% Leased and offered at a 7% Cap Rate. Financials are available with a signed Non-Disclosure Agreement.

Listing Details MLS# 1022913

ContractAddressLegal

Original List Price: 2960000
Listing Price: 2499000
Street #: 6594/6616
Direction: E
Street Name: 2nd
St Suffix: Street
City/Township: Prescott Valley
State: AZ
Zip Code: 86314
County: Yavapai
Tax Parcel: 103-08-042E &

General Property Description

Aprx Acres: 2.36
Buildings: 2
Aprx SqFt - Building: 22049
Source of Measuremnt: County Assessor
Stories: Yes
Parking Spaces: 166
Year Built: 2004
Management: Owner
Gross Vol/Yr $: 326465.68
NOI $: 219847.68
Cap %: 8.8
Baths - Full: 12
GRM: 6.8
Traffic Count Per Day: 39052
Property Use: Investment Prop
Construction Status: Existing
Space Available: Yes
Date Available: 2019-07-15
Total Bathrooms: 12

Tax Info

Taxes: 62990
Tax Year: 2018

Status Change Info

Under Contract Date: 2019-11-14
Sold Date: 2019-12-24
Sold Price/SqFt: 115
Financing: Exchange

Construction

# of Bays: 2
Bay Door Height: 10'

More Information

Property Features

Bathrooms: Interior; Public; Staff Building Type: 5+ Units; Retail - Shopping Center Business Location: Commercial Strip; Freestanding Bldg; Multiple Locations Commercial Amenities: Grade Level; Roll-Up Door(s); Ceiling Ht. Under 12; Overhead Door(s) Construction: Block/Brick; Stucco Cooling: Central Air External Amenities: Handicap Access; Landscaped; Paved Parking; Security Lights Flooring: Carpet; Concrete; Laminate; Wood Heating: Heat Pump; Natural Gas; Natural Gas Internal Amenities: Bathroom; Fire/Smoke Detector Parking: On-Site; Street Parking; Trailer; Truck Possession: Other Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Rolled/Hot Mop Utilities Installed: Electricity; Individual Meter; Natural Gas; Security System; Telephone; Underground; Water - City; WWT - City Sewer

Listing Office: Sumner Commercial Real Estate

Last Updated: August - 05 - 2020

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