NOT LISTED FOR SALE

Estimated Value: $1,994,277

-- Bed
-- Bath
17,645 Sq Ft
$113/Sq Ft Est. Value

Last Sold September 10, 2024

Last sale price $2,000,000 $113 Per Sq Ft

Current estimated payment $11,130/month

84 Days on Market

Highlights

  • Central Air
  • Concrete Flooring
  • Heating Available
  • Cottonwood Elementary School Rated 10

About This Home

As of September 2024

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

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,766

Year Built

  • Built in 1999

Lot Details

  • Property is zoned I-2

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 17,645 Sq Ft Home
  • Concrete Flooring

Utilities

  • Central Air
  • Heating Available

Community Details

  • Mingus Ind Pk Subdivision

Listing and Financial Details

  • Assessor Parcel Number 40651012e

Property Details

Property Type

Other

Est. Annual Taxes

$7,766

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Comm/Industry Sale
  • Zoning: I-2
  • Year Built: 1999
  • Tax Year: 2023
  • Subdivision Name: Mingus Ind Pk
  • Construction Brick: Yes
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 17645.0

Exterior Features

  • Construction Type: Brick
  • Roof: Rolled/Hot Mop

Utilities

  • Electric: 3 Phase Power
  • Cooling: Central Air
  • Heating: Other, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • 3 Phase Power: Yes

Lot Info

  • Parcel #: 40651012e

Tax Info

  • Tax Annual Amount: 7766.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2024
Closed on
Sep 5, 2024
Sold by
Lyman Az Holdings Llc
Bought by
Tdh Investments Llc
Seller's Agent
Matthew Fish
Prescott Commercial Real Estat
Buyer's Agent
Matthew Fish
Prescott Commercial Real Estat
List Price
$3,381,958
Sold Price
$2,000,000
Premium/Discount to List
-$1,381,958
-40.86%
Current Estimated Value
$1,994,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,723
Avg. Annual Appreciation
-0.25%
Original Mortgage
$400,000
Interest Rate
6.78%

Purchase Details

Listed on
Jun 9, 2024
Closed on
Sep 4, 2024
Sold by
Lyman Az Holdings Llc
Bought by
Hive Properties Llc
Seller's Agent
Matthew Fish
Prescott Commercial Real Estat
Buyer's Agent
Matthew Fish
Prescott Commercial Real Estat
List Price
$3,381,958
Sold Price
$2,000,000
Premium/Discount to List
-$1,381,958
-40.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.78%

Purchase Details

Closed on
Jan 14, 2016
Sold by
Coffee Pot Development Llc
Bought by
Lyman Az Holdings Llc

Purchase Details

Closed on
Oct 17, 2008
Sold by
Houston Bennie A
Bought by
Houston Arizona Properties Llc

Purchase Details

Closed on
Dec 5, 2006
Sold by
Houston Bennie A
Bought by
Houston Bennie A

Purchase Details

Closed on
Jul 18, 2000
Sold by
Houston Bennie A
Bought by
Houston Bennie A and Barlow Lani E

Purchase Details

Closed on
Sep 3, 1999
Sold by
B P & A Holdings Inc
Bought by
Houston Bennie A

Purchase Details

Closed on
Jan 13, 1999
Sold by
Mingus Land Co
Bought by
B P & A Holdings Inc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

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
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tdh Investments Llc $400,000
Previous Owner Tdh Investments Llc $1,350,000
Source: Public Records

Property History

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
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 536351

Arizona Regional Multiple Listing Service (ARMLS)

APN: 406-51-012E