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32908425
32908427

1005 DIVISION ST, PRESCOTT, AZ 86301-1601 For Sale

RZ
AZ AZ SA553424000, AZ
Better Homes and Gardens BloomTree Realty
Listed by Better Homes and Gardens BloomTree Realty
$1,600,000
56 days on market
Updated 54 days ago

1005 Division Street

Details
APN 116-19-001D
Property Type Office
Sub Type Medical Office
Square Footage 4,331
Units 26
Cap Rate 6.00%
NOI $96,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 06/30/2030
Remaining Term 3.9
Rent Bumps Yes
Class A
Year Built 2000
Buildings 1
Stories 1
Acreage 0.420
Zoning BG
Investment Type Stabilized
Tenant Credit Credit Rated
Sale Condition N/A

Single-Tenant NNN Investment Opportunity - 6.0 Going-In Cap Rate

Marketing description

Single-Tenant NNN Investment Opportunity offered at $1,600,000 with an attractive going-in cap rate of 6.0%. This 4,331sf freestanding, single-story medical office building has recently undergone renovations to both the interior lobby and exterior façade, presenting a well-maintained and attractive investment opportunity. Originally constructed in 2000, the property has been owned and occupied by Women’s Medical Care for more than 20 years. The current lease term includes over four years remaining with annual 3.0% rental increases, along with multiple five-year renewal options featuring annual CPI-based rent adjustments. The property is ideally located adjacent to Yavapai Regional Medical Center West Campus within the heart of Prescott’s established medical office corridor. Situated on approximately ±0.42 acres of Business General zoned land, the property offers excellent accessibility and long-term medical office positioning. The functional medical office floor plan includes nine exam rooms with sinks, three provider offices, a practice manager’s office, nurse’s station, laboratory, spacious waiting room, multiple storage areas, two staff restrooms, two patient restrooms, and a kitchen/breakroom (see attached floor plan). The site provides 26 on-site parking spaces in addition to ample street parking. The property also benefits from monument signage with visibility along Division Street.

Investment highlights

· Over 4 Years Remaining on Current Lease with Annual 3.0% Rental Increases

· Multiple Five-Year Renewal Options with Annual CPI Rent Adjustments

· Single-Tenant Medical Office NNN Investment Opportunity

· Long-Term Medical Practice Occupancy with Over 20 Years of Operating History

· Prime Location Adjacent to Yavapai Regional Medical Center West Campus

· Recently Renovated Lobby and Building Exterior

· Functional Medical Floor Plan Featuring 9 Exam Rooms with Sinks and Extensive Medical Infrastructure

·Excellent Parking Ratio with 26 On-Site Spaces Plus Additional Street Parking

Listing Contacts

RZ
AZ AZ SA553424000, AZ
Better Homes and Gardens BloomTree Realty
Listed by Better Homes and Gardens BloomTree Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$96,000.00
$8,000.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Raymond Zogob
License
AZ SA553424000
Brokerage
BHGRE Commercial
Title
Commercial Specialist
Brokerage Address
102 West Gurley Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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