1005 Division St - Medical FOR SALE


Prescott, AZ 86301
$1,600,000 USD
619-997-3329
1005 Division St, Prescott, AZ for Sale
$1,600,000 USD
Medical - FOR SALE
1/27
null | 6% Cap Rate

1005 Division St
Prescott, AZ 86301


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$369 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

BG

APN/PARCEL ID

116-19-001D

ASK ABOUT THIS PROPERTY

Raymond ZogobBHGRE BloomTree RealtyMore Info
619-997-3329

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Raymond ZogobBHGRE BloomTree RealtyMore Info
619-997-3329

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.