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Seller's Agent in 2024
Matthew Fish
Prescott Commercial Real Estat
Estimated Value: $1,994,277
6.5% CAP! Excellent investment opportunity! Just east of Cottonwood Airport in the Mingus Industrial Park this 17,645 sq ft industrial building is being offered for sale with a long-term Tenant in place. The building has three 12' tall X 10' wide overhead doors, one grade level dock, one dock high dock with a hydraulic lift system, CMU construction, 5445 sq ft of the building is cold storage, fully fire sprinklered, 18' of clear height, 3-phase power, a 40KW backup generator in case there is ever interruption in the electrical grid, almost the entire parcel is paved other than a retention pond out front, 4 evaporative coolers, and 4 HVAC Units. The building is Leased by Wild Tonic® an iconic beverage company known for its premium Sparkling Jun and Hard Jun varietals. With over 20 different products and recognition from Forbes, Food Network, POPSUGAR, USA TODAY 10 bests, and many others, this is an opportunity you won't want to miss. Wild Tonic® products are proudly displayed on the shelves of many grocers including Sprouts, Natural Grocers, and AJS Fine Foods. The Tenant is in the first year of its current five-year lease term. With three more five-year options to go. The Lease agreement is a solid NNN Lease with annual escalators each calendar year. With an NOI of $219,827.28 during the first year of acquiring the asset this is a solid 6.5% CAP RATE. It's hard to find a better property to satisfy your 1031 Exchange. If you're looking for your first income property or if you have a large portfolio and are looking for more mailbox money this, is it.
Last Agent to Sell the Property
Matthew Fish
Prescott Commercial Real Estat Listed on: 06/09/2024
Last Buyer's Agent
Matthew Fish
Prescott Commercial Real Estat Listed on: 06/09/2024
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tdh Investments Llc | $2,000,000 | Yavapai Title Agency | |
| Hive Properties Llc | -- | None Listed On Document | |
| Lyman Az Holdings Llc | $2,600,000 | Stewart Title & Trust Sedona | |
| Houston Arizona Properties Llc | -- | None Available | |
| Houston Bennie A | -- | None Available | |
| Houston Bennie A | -- | Chicago Title Insurance Co | |
| Houston Bennie A | -- | -- | |
| B P & A Holdings Inc | $85,357 | Yavapai Coconino Title Agenc |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Tdh Investments Llc | $400,000 | |
| Previous Owner | Tdh Investments Llc | $1,350,000 |
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/10/2024 09/10/24 | Sold | $2,000,000 | -40.9% | $113 / Sq Ft | |
| 09/01/2024 09/01/24 | Pending | -- | -- | -- | |
| 06/09/2024 06/09/24 | For Sale | $3,381,958 | +350.9% | $192 / Sq Ft | |
| 02/18/2015 02/18/15 | Sold | $750,000 | -20.6% | $61 / Sq Ft | View Prior Sale |
| 01/29/2015 01/29/15 | Pending | -- | -- | -- | |
| 05/14/2010 05/14/10 | For Sale | $945,000 | -- | $77 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $7,678 | -- | -- | -- |
| 2024 | $7,766 | -- | -- | -- |
| 2023 | $7,766 | $208,434 | $22,987 | $185,447 |
| 2022 | $7,955 | $145,955 | $22,019 | $123,936 |
| 2021 | $8,639 | $116,983 | $22,019 | $94,964 |
| 2020 | $8,574 | $0 | $0 | $0 |
| 2019 | $8,507 | $0 | $0 | $0 |
| 2018 | $6,646 | $0 | $0 | $0 |
| 2017 | $6,390 | $0 | $0 | $0 |
| 2016 | $6,683 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
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Seller's Agent in 2024
Matthew Fish
Prescott Commercial Real Estat
H
Seller's Agent in 2015
Historical Agent - SVV
Historical Listings - SVV
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 536351
APN: 406-51-012E