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.