Bought with Better Homes And Gardens Real Estate Bloomtree Realty
For more information regarding the value of a property, please contact us for a free consultation.
3120 Clearwater DR Prescott, AZ 86305
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,400,000
Property Type Commercial
Sub Type Health Care Institutions
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1063042
Sold Date 11/27/24
Originating Board paar
Year Built 2003
Annual Tax Amount $9,260
Tax Year 2023
Lot Size 0.700 Acres
Acres 0.7
Property Description
Rare Opportunity to purchase this Credit Single Tenant, Medical Office, NNN Leased Investment located within the Crossings commercial subdivision in Prescott AZ. Offered at $1,400,000, the Going-in CAP Rate is 6.77% with a projected five-year average of 7.14%. This 4,493-sf, single story, medical office building has been leased by Dignity Health/YRMC since 2012. The current lease expires on 3-31-26; however, Dignity Health has one 5-year lease option remaining at 3.0% annual increases with a 12-month written notice by Tenant. Originally built in 2003, the building is in excellent condition and features 12 exam rooms, 2 nurse stations, business office bullpen, manager office, large waiting room, reception desk, a kitchen/break room, 3 storage rooms, 4 restrooms and a private outside patio
Location
State AZ
County Yavapai
Interior
Interior Features Bathroom, Fire/Smoke Detector, Security/Alarm
Heating Natural Gas
Cooling Gas Pack
Flooring Tile, Vinyl
Exterior
Exterior Feature Drip System, Handicap Access, Landscaped, Paved Parking
Utilities Available Electricity On-Site, Master Meters, Natural Gas On-Site, Telephone On-Site, Water - City, WWT - City Sewer
Roof Type Tile
Total Parking Spaces 40
Building
Story 1
Structure Type Wood Frame,Stucco
Others
Acceptable Financing Cash, Submit
Listing Terms Cash, Submit
Read Less