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223 White Spar Road 223 White Spar Rd 3,061 SF 100% Leased Office Building Prescott, AZ 86303 $875,000 ($285.85/SF) 6.50% Cap Rate
Investment Highlights
- Central Location
- Easily Accessible and Visible
Executive Summary
This quality commercial office building is located along the high traffic corridor of White Spar Rd with excellent visibility. Suite A, ±2413 sf, has a long term tenant who recently signed a new ten year NNN lease with increases. Two lower suites are available for a total of ±1188 sf, perfect for an owner user or income. Based on 2026 proforma rents this investment will return a 7.08% cap rate fully leased. Property recently had exterior paint as well as paint and flooring of Suites B & C. Property has 11 onsite spaces which were recently restriped. Nice investment opportunity near downtown Prescott!
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,061 SF
Building Class
C
Year Built
1992
Price
$875,000
Price Per SF
$285.85
Cap Rate
6.50%
NOI
$56,875
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,531 SF
Building FAR
0.37
Lot Size
0.19 AC
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 109-15-011C | Improvements Assessment | $770,946 |
| Land Assessment | $89,288 | Total Assessment | $860,234 |
Property Taxes
Parcel Number
109-15-011C
Land Assessment
$89,288
Improvements Assessment
$770,946
Total Assessment
$860,234
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