$4,800,000
Flagstaff, AZ 86004
MLS# 195701
9600 sqft
1 / 1
Property Description
Introducing a prime commercial property offering: a strategically positioned 9,600 square foot warehouse on a sprawling 1.77-acre lot. This property presents a unique investment opportunity with a diversified income stream from two reputable tenants and an array of valuable assets. The building is currently home to Wyndham Vacation Resorts, occupying 50% of the space with a secure 30-year triple net lease, providing a stable and consistent revenue stream. Additionally, Katlon Inc. occupies the remaining 50% with a three year modified gross lease, offering flexibility and potential for increased returns in the future. What makes this investment truly exceptional is the inclusion of 143 RV & Boat Storage outdoor spaces on 1.66 acres, fully leased with a waitlist in place
Details
Maps
Contract Info
List Price: $4,800,000
Current Price: $4,800,000
List Price/SqFt: 500
Property Sub-Type: Commercial Mix Use
Buyer Agency: 2.5
Buyer Agency Type: %
Co-Variable: No
Public Marketing Date: 2024-01-22
Location, Tax & Legal
County: Coconino
Region: 30 - South East City
Area: 335 - Continental Cntry Clb
APN: 11702008d
Street #: 5700
Direction: E
Street Name: Old Walnut Canyon
Suffix: Road
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86004
Cross Street: Country Club Drive
Legal Description: SIXTEENTH: SW QUARTER: NW SECTION: 17 TOWNSHIP: 21N RANGE: 08E POR OF PCL IN NW4 SEC 17 DESC AS FLLWS:BEG W4 COR SEC 17
Zoned: CC (Community C
Taxes: 5470.82
Tax Year: 2023
Geo Lat: 35.204182
Geo Lon: -111.574241
Key Words
Sale/Rent: sale
Net Op Inc: CLO
Cap Rate: CLO
Down Payment: Submit
Imprv Sz (Gross SF): 5,000 - 11,999
#Tenants/Units: 200+
Land Size: 5 - 9.99 AC
Trade/Exchange: Not Applicable
General Property Description
Dimensions: 615.9x236.06x185.61x565.84
Acres: 1.77
Year Built: 1977
Approx SqFt: 9600
Remarks & Misc
Directions: Country Club Drive south. Turn east on Old Walnut Canyon. Property on north side of Old Walnut Canyon.
Status Change Info
Status: Active
Property Features
To Show: CLO/KILO
Construction: Two Story; Metal/Steel
Roof: Metal
Heating: Natural Gas
Utilities: City Water; Electric; Natural Gas; Sewer
Lot Street Imprvmnts: St-Concrete
Location: Freestanding
Freeway Turn Time: 1-4 Min
Supplements
ensuring maximum utilization of the property. The collective cap rate for both the warehouse and the storage spaces is an attractive 5.1%, offering investors a solid and reliable return on investment. But the benefits don't stop there. The sale of this property includes valuable assets such as a 1998 Chevy Truck with a snow plow (worth $15,000), a 2021 John Deere Tractor (worth $61,000), and a 1994 Arctic Cat (worth $750). These assets not only enhance the property's operational efficiency but also contribute to its overall value. As if that's not enticing enough, the deal comes with an additional 3.78 acres of adjacent land, valued at $550,000.
Listing Office: da Vinci Realty
Last Updated: January - 22 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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