$1,260,000
Flagstaff, AZ 86001
MLS# 195875
Status: Closed
3820 sqft
1 / 1
Property Description
Classic office space in Historic Downtown Flagstaff near the courts, City Hall, Flagstaff Medical Center, local restaurants, and retail establishments. This recently remodeled 3,820 square foot two-story building is prime for professionals in the heart of the City of Flagstaff. The space is made up of private offices, two bathrooms on first floor and one bathroom on second floor, 2 break areas, conference room, and lobby. Space can easily be used in combination or separated for two different users. Cap Rate and NOI are projected using market monthly rent of $1.88/SF NNN. Current tenant, Ardurra, occupies the space at below market rent. Ardurra's lease expires 12/31/2024 but may consider vacating sooner.
Details
Contract Info
List Price/SqFt: 290.57
Property Sub-Type: Office Building
Status: Closed
Listing Agreement Date: 2024-02-21
Sold Price: $1,260,000
Current Price: $1,260,000
Location, Tax & Legal
Region: 10 - North West City
APN: 10004002a
Cross Street: San Francisco
Legal Description: in escrow
Zoned: CC
Taxes: 10137
Tax Year: 2023
County: Coconino
Area: 145 - Flagstaff Townsite
Street #: 110
Direction: W
Street Name: Dale
Suffix: Avenue
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.202019
Geo Lon: -111.648982
Location
Downtown: 1
Freestanding: 1
Key Words
Sale/Rent: sale
Net Op Inc: CLO
Cap Rate: CLO
Down Payment: Submit
Imprv Sz (Gross SF): 2,000 - 4,999
#Tenants/Units: 1 - 4
Land Size: 0 - .4 AC
Trade/Exchange: Not Applicable
Remarks & Misc
Directions: San Francisco Street north to Dale and east to property.
Status Change Info
Sold Price/SqFt: 329.84
Financing: Cash
Sold Date: 2024-03-28
Sold Price: $1,260,000
To Show
CLO/KILO: 1
Possession
COE +: 1
Leases
Net: 1
Util Pd by Tenant
Electricity: 1
Nat. Gas: 1
Snow Removal: 1
Trash Collect: 1
Water/Sewer: 1
General Land Info
Land Fee: 1
Interior Amenities
Security System: 1
Docs on File
Leases: 1
Exterior Amenities
Handic. Access: 1
Landscaped: 1
Flood Zone
D-Undetermined: 1
Lot Street Imprvmnts
Paved Parking: 1
St-Blacktop: 1
Utilities
City Water: 1
Electric: 1
Sewer: 1
Occupancy
Totally Leased: 1
Heating
Natural Gas: 1
Cooling
Central Air: 1
Management
Owner: 1
Construction
Masonry: 1
Two Story: 1
Concrete: 1
Frame: 1
Roof
Asphalt Shingle: 1
Freeway Turn Time
5-9 Min: 1
General Property Description
Approx SqFt: 3820
Property Features
To Show: CLO/KILO
Leases: Net
Util Pd by Tenant: Electricity; Nat. Gas; Snow Removal; Trash Collect; Water/Sewer
General Land Info: Land Fee
Docs on File: Leases
Flood Zone: D-Undetermined
Interior Amenities: Security System
Exterior Amenities: Handic. Access; Landscaped
Occupancy: Totally Leased
Management: Owner
Construction: Two Story; Concrete; Frame; Masonry
Roof: Asphalt Shingle
Heating: Natural Gas
Cooling: Central Air
Utilities: City Water; Electric; Sewer
Lot Street Imprvmnts: Paved Parking; St-Blacktop
Location: Downtown; Freestanding
Freeway Turn Time: 5-9 Min
Possession: COE +
IDX
Listing Office: da Vinci Realty
Last Updated: September - 06 - 2024
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