999 Division St - Medical FOR SALE


Prescott, AZ 86301
$1,820,000 USD
928-443-0766
999 Division St, Prescott, AZ for Sale
$1,820,000 USD
Medical - FOR SALE
1/37
null | 6.5% Cap Rate

Jan '27


999 Division St
Prescott, AZ 86301


HIGHLIGHTS

  • Single Tenant, Medical Office, Net Leased Investment
  • Going-in CAP Rate of 6.5%
  • CPI Annual Increases
  • Lease Expires on 12-31-26
  • Excellent Condition with Quality TI Finishes & Functional Floor Plan
  • Ample On-Site Medical Parking

OVERVIEW

Rare Opportunity to purchase this Single Tenant, Medical Office Building, Net Leased Investment located adjacent to the Dignity Health hospital’s west campus in Prescott AZ. Offered at $1,820,000, with a Going-in CAP Rate of 6.5% and annual CPI increases. This 4,922-sf medical office building is currently leased to Arizona Neurosurgery & Spine. The lease began on 1-1-22 and expires on 12-31-26. Originally built in 1988, the building has been recently renovated and is in excellent condition. The floor plan features +/-4,000 sf on the main level which includes 5 exam rooms with sinks, 3 provider offices which can be converted into additional exam rooms, 1 large surgical room, 3 surgical prep rooms, a separate lobby and entrance for surgical procedures, 2 nursing stations, a manager office, large waiting room and reception desk, a stacked washer/dryer room, 2 storage rooms, 2 restrooms and a private outside patio area. The second floor is +/-920 sf and offers additional office space in a large open bullpen area, a kitchen breakroom with sink and built in counter tops and a separate restroom (see attached Floor Plan). There are 24 on-site parking spaces. The Tenant is currently leasing only the first-floor space and the second-floor space is available to lease or be used by the future building owner.

FOR SALE DETAILS

PRICE

$1,820,000 USD

PRICE/SF

$370 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Medical Single Tenant NNN Investment Opp

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

BG

APN/PARCEL ID

116-19-003B,116-19-003D

ASK ABOUT THIS PROPERTY

Raymond ZogobBHGRE BloomTree RealtyMore Info
928-443-0766

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Raymond ZogobBHGRE BloomTree RealtyMore Info
928-443-0766

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