345 W Central Ave - Office FOR SALE


Coolidge, AZ 85128
$300,000 USD
345 W Central Ave, Coolidge, AZ for Sale
$300,000 USD
Office - FOR SALE
1/12
null | 9% Cap Rate

345 W Central Ave
Coolidge, AZ 85128


HIGHLIGHTS

  • New Roof 2024 - $13, 750(unusual expense, not included as expense in 2024 financials)
  • NOI of $29,731.05 for 2023

OVERVIEW

Turnkey Office Investment Across from City Park | 100% Occupied | 9% Cap Rate Prime opportunity to acquire a fully leased office building in the heart of Coolidge, AZ. This ±3,100 SF professional office property is situated directly across from Coolidge’s main city park, offering high visibility and consistent tenant demand. Investment Highlights: -100% Occupied with three long-term tenants -Seven private office suites: -Suites 1–3 leased to a single tenant -Suite 4 leased individually -Suites 5–7 leased to another long-term tenant -Net Operating Income: ~$27,000 -All leases set to renew within 12 months, offering rent adjustment opportunity -Rear parking for 6+ vehicles plus street parking -Aggressively priced at a 9% cap rate This is an ideal investment for local or out-of-state investors seeking stabilized income with upside potential through future lease renegotiation. It also presents a unique option for an owner-user to occupy a portion of the building while collecting steady cash flow from existing leases. With office demand in the greater Phoenix market increasing and Coolidge positioned for continued economic expansion, this is a rare chance to lock in a high-yield asset in a growing area. Do not disturb tenants please. Photos were taken prior to occupancy,the entire property has new flooring since the photos were taken. Contact listing broker for financials and showing schedule.

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$98 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,002 SF

ZONING

Office 1510

APN/PARCEL ID

205-04-047

ASK ABOUT THIS PROPERTY

Geoffrey AdamsRealty One Group CommercialMore Info

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Geoffrey AdamsRealty One Group CommercialMore Info

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