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919 12th Pl 2,000 SF Office/Medical Condo Unit Offered at $575,000 in Prescott, AZ 86305
Investment Highlights
- Single Tenant NNN Investment Opportunity
- National Medical Tenant
- Very close proximity to YRMC hospital’s west campus
- Medical Office Condo For Sale
- New 3 Year Lease in Place with Options
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 115-11-012, 115-11-020 |
| Cap Rate | 7.17% |
| Sale Type | Investment |
| Cap Rate | 7.17% |
| APN/Parcel ID | 115-11-012, 115-11-020 |
Description
Single Tenant NNN Medical Office Investment Opportunity. Offered at $575,000, the Going-in CAP Rate is 7.17%
Sale Notes
Single Tenant NNN Medical Office Investment Opportunity. Offered at $575,000, the Going-in CAP Rate is 7.17%. This 2,000 sf medical office condo has recently been leased to Nimbus Health with a new 3 year lease in place with two 3-year lease options at 4.0% annual increases. The property is located just off Willow Creek Road approximately two blocks north of Dignity Health YRMC Hospital west campus within the Twelfth Place Medical Center. The office space consists of 5 private exam rooms (2 with sinks), waiting & reception area, nursing station, 2 provider offices, kitchenette / breakroom, two restrooms and large storage room located below the unit off the rear entrance. There is ample on-site parking which is shared in-common with the other professional offices in the complex plus covered parking on the west side of the building. The property offers a great central location within the Prescott market and monument signage along 12th Place.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 12 | 2,000 SF | Office/Medical | $575,000 ($287.50/SF) | $41,227.50 |
Unit 12
| Unit Size |
| 2,000 SF |
| Condo Use |
| Office/Medical |
| Price |
| $575,000 ($287.50/SF) |
| NOI |
| $41,227.50 |
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Unit 12
| Unit Size | 2,000 SF |
| Condo Use | Office/Medical |
| Price | $575,000 ($287.50/SF) |
| NOI | $41,227.50 |
| Sale Type | Investment |
| Cap Rate | 7.17% |
| APN/Parcel ID | 115-11-012, 115-11-020 |
| Description | |
| Single Tenant NNN Medical Office Investment Opportunity. Offered at $575,000, the Going-in CAP Rate is 7.17%</li></ul> | |
| Sale Notes | |
| Single Tenant NNN Medical Office Investment Opportunity. Offered at $575,000, the Going-in CAP Rate is 7.17%. This 2,000 sf medical office condo has recently been leased to Nimbus Health with a new 3 year lease in place with two 3-year lease options at 4.0% annual increases. The property is located just off Willow Creek Road approximately two blocks north of Dignity Health YRMC Hospital west campus within the Twelfth Place Medical Center. The office space consists of 5 private exam rooms (2 with sinks), waiting & reception area, nursing station, 2 provider offices, kitchenette / breakroom, two restrooms and large storage room located below the unit off the rear entrance. There is ample on-site parking which is shared in-common with the other professional offices in the complex plus covered parking on the west side of the building. The property offers a great central location within the Prescott market and monument signage along 12th Place.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 24,492 SF | Typical Floor Size | 2,000 SF |
| Property Type | Office (Condo) | Year Built | 1984 |
| Property Subtype | Medical | Lot Size | 0.06 AC |
| Building Class | B | Parking Ratio | 0.49/1,000 SF |
| Floors | 1 | ||
| Zoning | BG - Business General | ||
| Total Building Size | 24,492 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 2,000 SF |
| Year Built | 1984 |
| Lot Size | 0.06 AC |
| Parking Ratio | 0.49/1,000 SF |
| Zoning | BG - Business General |
Amenities
- 24 Hour Access
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Somewhat bikeable
30/100
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Matterport 3D Exterior
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Photos
Street View
Street
Map
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919 12th Pl
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