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26871999
26712288

2245 AZ - 69, Prescott, AZ 86301

KL
AZ AZ BR640275000
Mountain & Desert Properties, LLC
Listed by Mountain & Desert Properties, LLC
$2,199,000
304 days on market
Updated 53 days ago

Thrive Prescott

Details
Property Type Office
Sub Type Medical Office
Square Footage 6,319
Net Rentable (SqFt) 6,319
Cap Rate 6.23%
NOI $137,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 10.1
Lease Expiration 05/31/2031
Remaining Term 4.9
Rent Bumps Yes
Price per SqFt $348
Broker Co-Op Yes
Class C
Year Built 95
Year Renovated 2017
Buildings 1
Stories 2
Acreage 0.350
Zoning BR
Parking Spaces 23 spaces
Parking Per SqFt 3.64
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/01/2021
Occupancy Date 05/01/2019
Ground Lease No
Ownership LLC
Sale Condition 1031 exchange

Office | 6.23% CAP | 6,319 SqFt

Marketing description

High Visibility 2 Tenant Fully Leased. Veterinary Hospital and Clinic and a Wellness Spa. Long term tenants till 2031.

Vet Tenant ranked in Top 500 by INC. Magazine. Unique property as it has a Veterinary Hospital and clinic, a Wellness Spa, and an attached 1/1 apartment that has been used by the Hospital staff while the pet patients were staying overnight. Veterinarian is primary tenant and Wellness Spa is sub lease.

This is a solid 5.7 cap and is NNN Lease. 2% annual increase.

Investment highlights

High visibility 2 tenant fully leased Veterinary Hospital and Clinic and a Wellness Spa. Long term tenants till 2031.

Vet Tenant ranked in Top 500 by INC. Magazine. Unique property as it has a Veterinary Hospital and clinic, a Wellness Spa, and an attached 1/1 apartment that has been used by the Hospital staff while the pet patients were staying overnight. Veterinarian is primary tenant and Wellness Spa is sub lease.

This is a solid 5.7 cap and is NNN Lease. 2% annual increase.

Listing Contacts

KL
AZ AZ BR640275000
Mountain & Desert Properties, LLC
Listed by Mountain & Desert Properties, LLC

Valuation Calculator

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$137,000.00
$11,416.67/mo

Valuation Metrics

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DSCR
6.23%
Cap Rate
6.23%
ROI

Map

Zoning

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BR CommercialGeneral CommercialBusiness Regional
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Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Keith Lytle
License
AZ BR640275000
Brokerage
Mountain & Desert Properties LLC
Brokerage Phone
602-525-4452
Title
Real Estate Broker
Brokerage Address
36600 North Pima Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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