Arizona Retirement Homes
 
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93rd/Happy Valley (Peoria, Arizona, US - 85382)
MLS® $1,100,000 USD 9 % CAP Rate




"Well Kept Office Build. / Good Location"
 

REMAX Professionals


Bill & Frieda Christianson
 
Bill & Frieda Christianson
Email Bill & Frieda
 
Phone: 623-214-3200
Home: 623-214-3200
Cell: 623-214-3200
Fax: 623-243-4264
 
Details

Address: 8805 W Union Hills Dr Type: Commercial Style: Building has an Elevator Size: 7,968 sq. ft. Lot Type: Rectangular Lot Size:  51520sq. ft.  160ft x 322ft "Recorded as two parcels" Has Suite: Yes Year Built: 1996 "Covered Parking added 2006" Taxes: $26,143.00 USD (2008) MLS®: 3014064
 
Description

This Office Building is being offered at a 9.0 % CAP. All rentals are NNN with total expenses of $ 57,294/Yr. Fully occupied Gross Income is $ $ 137,322/Yr. T-Moble is tennant on Flag Pole Cell tower with 30 Yr lease. 15 Covered parking stalls are rented for $ 25/Month. BONUS This property is divided into two parcels Front parcel (10,152 Sq Ft has been engineered for a new 1,500 Sq Ft Office Bulding. Estimated cost to build is $ 210,000. This new building would have a PROJECTED CAP of 20 %.
 
Highlights

51 Parking Spaces ??? 15 or covered and leased for $ 25.00 per month each. Monument Sign in place
Fire Sprinklers

Features
Interior Features
 Alarm System  Carpeted Floors  Hardwood Floors
Cooling
 Central Air
Exterior Finish
 Stucco
Heating
 Central Electric
Roof
 Built Up
Sewer/Water Systems
 Private
View
 City Lights
Extra Features
 Balcony
P2#5327327

Information is deemed to be correct but not guaranteed.