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Browse More Listings in Sierra Vista, AZ or Arizona

Special Purpose Property For Sale

Just Reduced! School Campus Facility

1000 E. Wilcox Drive, Sierra Vista, AZ 85635

Price:
$5,862,000
Building Size:
31,286 SF
Price/SF:
$187.37
Property Type:
Special Purpose
Property Sub-type:
Special Purpose (Other)
Additional Sub-types:
Office Building
Property Use Type:
Net Lease Investment with 5 years left on lease
Cap Rate:
8%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
2004
Lot Size:
231,304 SF
Find Out More...

Last Verified 11/1/2009 Listing ID 16297200

Highlights

Excellent Tenant who operates a first class school
Project Ready for Phase III (8,600 sf)

Superb location for expansion

Description

This project is a commercial building constructed as a charter school with 20 classrooms, 7 offices, 4 banks of bathrooms, lobby, reception area, 2 multi-purpose rooms, and a kitchen. The tenant is Imagine Charter Schools, the nations second largest charter school operator. The project was designed to accommodate a future conversion to an office campus to avoid the special purpose facility disadvantages. The current office market demands $16-24/sf/year.

The project is located in Sierra Vista, the home of Fort Huachuca, one of the largest employers in Arizona. 1000 E. Wilcox Drive, Sierra Vista, AZ. (Located on the south side of Wilcox, one mile from the main gate of Fort Huachuca)

Financial Summary

Major Tenant Information

Debt & Equity Information

Actual
Year
2009
Scheduled Gross Income
$456,968
Effective Gross Income
$456,968
Net Operating Income
$456,968

Tenant		Lease Expired
Imagine Charter School		7/1/2014

Map of 1000 E. Wilcox Drive, Sierra Vista, AZ 85635 (Cochise County)

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Presented by

First West Properties Corporation

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Contact Listing Broker

Frank Moro (520) 458-1666

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Created 6/29/2009

Additional Information for 1000 E Wilcox Drive, Sierra Vista, AZ 85635

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Special Purpose Property For Sale - Just Reduced! School Campus Facility

1000 E. Wilcox Drive, Sierra Vista, AZ, 85635