3623 Crossings Dr - Office FOR SALE


Prescott, AZ 86305
$2,810,000 USD
602-625-5647
3623 Crossings Dr, Prescott, AZ for Sale
$2,810,000 USD
Office - FOR SALE
1/10
null | 6.05% Cap Rate

3623 Crossings Dr
Prescott, AZ 86305


HIGHLIGHTS

  • Value-Add Executive Office Investment – 6% in-place cap rate with upside to 18% pro forma through lease-up.
  • Renovated & Turnkey – Built in 2005 and renovated in 2021; fully automated executive-suite concept.
  • Critical Infrastructure – Full-building backup generator (2023) and only non-government fiber-lit building in Prescott.
  • Strong Location – Near Embry-Riddle Aeronautical University and Prescott’s professional and academic core.
  • Excellent Parking – 20 dedicated on-site spaces (˜4.2/1,000 SF) with no HOA parking control.
  • Flexible Office Layout – 20 private offices, 2 conference rooms, shared amenities, and outdoor patio.

OVERVIEW

Investment highlights include: • Offered at $2,810,000 • Current 6% cap rate with substantial lease-up upside • Pro forma NOI projected at ±$515,000 with stabilization • Built in 2005, renovated in 2021, with a full-building backup generator added in 2023 • Fully automated executive suite model with key-card and coded access • Strong location near Embry-Riddle Aeronautical University with limited competing inventory • Optional assumable seller carry-back loan of approximately $600,000 at 5% The property is currently operating below market occupancy, and lease-up to capacity is projected to significantly enhance cash flow with minimal incremental expense. I’m selectively sharing the OM with brokers active in the Prescott and Northern Arizona markets. If you have clients seeking value-add office, small-bay office ownership, or executive suite investments, I’d be glad to discuss the opportunity further. Please feel free to reach out with any questions, pricing feedback, or to arrange a tour.

FOR SALE DETAILS

PRICE

$2,810,000 USD

PRICE/SF

$590 USD /SF

CAP RATE

6.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prescott Executive Offices

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,894 SF

ZONING

-

APN/PARCEL ID

106-49-017H

ASK ABOUT THIS PROPERTY

Amy GibsonDream Maker Commercial Advisors, LLCMore Info
602-625-5647

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Amy GibsonDream Maker Commercial Advisors, LLCMore Info
602-625-5647

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