$1,110,000
Flagstaff, AZ 86001
MLS# 195875
Status: Closed
3820 sqft
1 / 1
Property Description
Classic office space in Historic Downtown Flagstaff near the courts, City Hall, Flagstaff Medical Center, local restaurants, and retail establishments. This recently remodeled 3,820 square foot two-story building is prime for professionals in the heart of the City of Flagstaff. The space is made up of private offices, two bathrooms on first floor and one bathroom on second floor, 2 break areas, conference room, and lobby. Space can easily be used in combination or separated for two different users. Cap Rate and NOI are projected using market monthly rent of $1.88/SF NNN. Current tenant, Ardurra, occupies the space at below market rent. Ardurra's lease expires 12/31/2024 but may consider vacating sooner.
Details
Maps
Contract Info
Status: Closed
Listing Agreement Date: 2024-02-21
Sold Price: $1,260,000
Current Price: $1,260,000
List Price/SqFt: 290.57
Property Sub-Type: Office Building
Location Tax Legal
County: Coconino
Area: 145 - Flagstaff Townsite
Street #: 110
Direction: W
Street Name: Dale
Suffix: Avenue
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.202019
Geo Lon: -111.648982
Key Words
Sale/Rent: sale
Net Op Inc: CLO
Cap Rate: CLO
Down Payment: Submit
Imprv Sz (Gross SF): 2,000 - 4,999
#Tenants/Units: 1 - 4
Land Size: 0 - .4 AC
Trade/Exchange: Not Applicable
General Property Description
Approx SqFt: 3820
Status Change Info
Sold Date: 2024-03-28
Sold Price: $1,260,000
Sold Price/SqFt: 329.84
Financing: Cash
Property Features
To Show: CLO/KILO
Leases: Net
Util Pd by Tenant: Electricity; Nat. Gas; Snow Removal; Trash Collect; Water/Sewer
General Land Info: Land Fee
Docs on File: Leases
Flood Zone: D-Undetermined
Interior Amenities: Security System
Exterior Amenities: Handic. Access; Landscaped
Occupancy: Totally Leased
Management: Owner
Construction: Two Story; Concrete; Frame; Masonry
Roof: Asphalt Shingle
Heating: Natural Gas
Cooling: Central Air
Utilities: City Water; Electric; Sewer
Lot Street Imprvmnts: Paved Parking; St-Blacktop
Location: Downtown; Freestanding
Freeway Turn Time: 5-9 Min
Possession: COE +
Listing Office: da Vinci Realty
Last Updated: September - 06 - 2024
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