575 E Wilcox Dr - Medical FOR SALE


Sierra Vista, AZ 85635
$599,000 USD
520-227-7277
575 E Wilcox Dr, Sierra Vista, AZ for Sale
$599,000 USD
Medical - FOR SALE
1/7
null | Request Cap Rate

575 E Wilcox Dr
Sierra Vista, AZ 85635


HIGHLIGHTS

  • Flex/Office with group meeting space.
  • Large Storage Room with a directs access to rear fenced yard.
  • Large grandfathered monument sign.

OVERVIEW

The property was previously occupied by Aires, built out with private offices and large meeting space. The building also has the ability for separate isolated entrances. The property is in good condition and priced to sell quickly. With a lease at $12/sf/yr and CAP rate of 8% the property is worth $756,000. With a 75% loan, at 7%, the property can generate an after depreciation cash on cash return of 23.6%.*** ***Returns are based on a NNN lese. There are currently institutional lenders offering rates lower than 7% to qualified buyers..

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$119 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Aires Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Day Care Center, Showroom

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,620 SF

ZONING

GC

APN/PARCEL ID

105-09-055C

ASK ABOUT THIS PROPERTY

Frank MoroFirst West Properties CorporationMore Info
520-227-7277

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Frank MoroFirst West Properties CorporationMore Info
520-227-7277

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.