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31871849
31871858

3623 Crossings Drive, Prescott, AZ 86305

AG
AZ BR651378000
Dream Maker Commercial Advisors
Listed by Dream Maker Commercial Advisors
$2,810,000
57 days on market
Updated 11 days ago

Prescott Executive Office Investments

Details
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 4,760
Units 4
Cap Rate 6.00%
NOI $170,097
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 18.00%
Pro-Forma NOI $515,428
Price per SqFt $590
Class A
Lot Size (SqFt) 14,773
Parking Spaces per 1,000 sq ft
Investment Type Value Add

6% Cap with a potential market lease-up to 18% Cap with minimal incremental expenses

Marketing description

Prescott Executive Offices at 3623 Crossing Dr, Prescott, AZ 86305 offers investors the chance to acquire a modern, income-producing executive office asset in one of Northern Arizona’s most desirable markets. Located near Embry-Riddle Aeronautical University, this turnkey ±4,760 SF office property combines strong in-place income with significant upside through lease-up. Originally built in 2005 and renovated in 2021, the building features a fully automated executive suite concept with secure 24/7 key card and coded access, modern finishes, two conference rooms, 20 private offices, bullpen workspace, breakroom, outdoor patio, copy/fax station, and coffee/beverage amenities. A full-building backup generator installed in 2023 and rare fiber connectivity further enhance operational reliability. With 20 dedicated on-parcel parking spaces under ownership control, the property offers flexibility and convenience for tenants and guests. Currently operating at an approximate 6% cap rate, the asset presents compelling value-add potential, with pro forma projections indicating substantial NOI growth as occupancy moves toward market levels. A rare opportunity to own a high-quality, professionally designed office investment in the thriving Prescott market.

Investment highlights

This offering represents the opportunity to acquire an income-producing executive office building currently operating below full capacity at an approximate 6% cap rate. Lease-up to market occupancy is projected to increase annual NOI by roughly $360,000 with minimal incremental expenses, positioning the asset for a higher, more attractive stabilized return.

Only non-government Fiber lit building in Prescott.

Additional generator on property to prevent any electrical outages.

Optional assumable seller carry-back loan: approx. $600,000 at 5% interest.

Listing Contacts

AG
AZ BR651378000
Dream Maker Commercial Advisors
Listed by Dream Maker Commercial Advisors

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$170,097.49
$14,174.79/mo

Valuation Metrics

0
DSCR
6.05%
Cap Rate
6.05%
ROI

Map

Zoning

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NOB(PAD) PlannedNeighborhood Oriented Business Planned Area Development
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Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Amy Gibson
License
BR651378000
Brokerage
Dream Maker Commercial Advisors, LLC
Brokerage Phone
6026255647
Title
Designated Broker / Owner
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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