$1,012,500
Flagstaff, AZ 86004
MLS# 188513
Status: Closed
7402 sqft
1 / 10
Property Description
Rare commercial investment property available with true pride of ownership. Well-maintained, NNN leased, multi-tenant office and medical office building located directly on the Fourth St corridor. Two-story property, 100% leased with 7 tenants, newer tenant improvements, solar paneling, plumbing work, front and rear parking, plus no restrictions for on-street day parking.
Details
Contract Info
List Price/SqFt: 127.66
Property Sub-Type: Office Building
Status: Closed
Listing Agreement Date: 2022-01-24
Sold Price: $1,012,500
Current Price: $1,012,500
Location, Tax & Legal
Region: 40 - North East City
APN: 10909090b
Cross Street: Rose
Legal Description: Provided in escrow
Taxes: 12926
Tax Year: 2021
County: Coconino
Area: 400 - Sunnyside
Street #: 2615
Direction: N
Street Name: Fourth
Suffix: Street
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86004
Geo Lat: 35.213761
Geo Lon: -111.613818
Location
Corner Lot: 1
Freestanding: 1
General Property Description
Year Built: 1983
Acres: 0.4
Approx SqFt: 7402
Key Words
Sale/Rent: Sale
Net Op Inc: CLO
Cap Rate: 1 - 7.9%
Down Payment: Submit
Imprv Sz (Gross SF): 5,000 - 11,999
#Tenants/Units: 5 - 9
Land Size: 0 - .4 AC
Trade/Exchange: Not Applicable
Remarks & Misc
Directions: North on 4th St, property is located on the corner of N. 4th and N. Rose.
Status Change Info
Sold Price/SqFt: 136.78
Financing: Cash
Sold Date: 2022-02-22
Sold Price: $1,012,500
Inc/Exp (Annual)
Grs Op Inc $: 125697
- Op Exp $: 58008
Seller Prop Disc St: 1
Exis Fee/Docs
Free & Clear: 1
To Show
CLO/KILO: 1
Terms of Sale
Cash: 1
Submit: 1
Leases
1 Yr. +: 1
Net: 1
Util Pd by Tenant
CAM's: 1
Electricity: 1
Janitorial: 1
Nat. Gas: 1
RE Insurance: 1
RE Tax: 1
Snow Removal: 1
Trash Collect: 1
Water/Sewer: 1
Interior Amenities
Duo-Pane Win.: 1
Fire Alarm Sys.: 1
Laundry: 1
Docs on File
Leases: 1
Legal Descrip.: 1
Other: Rent Roll
Exterior Amenities
Fire Escapes: 1
Handic. Access: 1
Landscaped: 1
Storage: 1
Flood Zone
D-Undetermined: 1
Lot Street Imprvmnts
Curbs: 1
Paved Parking: 1
Sidewalks: 1
St-Blacktop: 1
Utilities
City Water: 1
Electric: 1
Natural Gas: 1
Primary Meter: 1
Priv. Trash Co.: 1
Sewer: 1
Telephone: 1
Occupancy
Totally Leased: 1
Heating
Central: 1
Natural Gas: 1
Solar: 1
Cooling
Central Air: 1
Gas: 1
Construction
Two Story: 1
Frame: 1
Wired to Code: 1
Roof
Asphalt Shingle: 1
Comp./Built Up: 1
Pitched: 1
Freeway Turn Time
5-9 Min: 1
Property Features
To Show: CLO/KILO
Terms of Sale: Cash; Submit
Leases: 1 Yr. +; Net
Util Pd by Tenant: CAM's; Electricity; Janitorial; Nat. Gas; RE Insurance; RE Tax; Snow Removal; Trash Collect; Water/Sewer
Docs on File: Leases; Legal Descrip.
Flood Zone: D-Undetermined
Interior Amenities: Duo-Pane Win.; Fire Alarm Sys.; Laundry
Exterior Amenities: Fire Escapes; Handic. Access; Landscaped; Storage
Occupancy: Totally Leased
Construction: Two Story; Frame; Wired to Code
Roof: Asphalt Shingle; Comp./Built Up; Pitched
Heating: Central; Natural Gas; Solar
Cooling: Central Air; Gas
Utilities: City Water; Electric; Natural Gas; Primary Meter; Priv. Trash Co.; Sewer; Telephone
Lot Street Imprvmnts: Curbs; Paved Parking; Sidewalks; St-Blacktop
Location: Corner Lot; Freestanding
Freeway Turn Time: 5-9 Min
IDX
Listing Office: da Vinci Realty
Last Updated: September - 06 - 2024
Copyright 2021 Northern Arizona Association of Realtors®. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.