For Sale
$3,250,000

4860 Ken Morey DrBellemont, AZ 86015

Two-building warehouse complex, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents two warehouse buildings totaling 17,700 square feet situated on a 1.43-acre lot in Bellemont, Arizona. The property, located at 4860 Ken Morey Dr, 86015, features two separate buildings: Building A, constructed in 1995, encompasses 10,140 square feet, while Building B, built in 2007, offers 7,560 square feet. Both buildings boast a 24-foot ceiling height and are currently 100% occupied by two tenants under NNN leases, generating a substantial net operating income (NOI) of $205,928. The property is zoned M-1 and includes seven dock-high doors and ample parking for 30 vehicles. The asking price is $3,250,000, representing a compelling price per square foot of $183.62 and a 6.34% cap rate. The leases expire on December 31, 2023. This is a fee-simple ownership opportunity with significant potential for future returns. The property's strong occupancy and attractive financial metrics make it an ideal addition to any commercial real estate portfolio. This two-story complex offers a rare combination of size, location, and income potential in the thriving Bellemont market.

Highlights

  • Two 17,700 SF warehouse buildings on a 1.43-acre lot in Bellemont, AZ.
  • Located at 4860 Ken Morey Dr, 86015.
  • Buildings total 17,700 SF (10,140 SF & 7,560 SF); built in 1995 & 2007 respectively.
  • 24' ceiling height, 7 dock-high doors, and parking for 30 vehicles.
  • 100% occupied with NNN leases generating $205,928 NOI; leases expire 12/31/2023.
  • M-1 zoning; Asking price: $3,250,000 ($183.62/SF, 6.34% cap rate).

Property Details for 4860 Ken Morey Dr

Property type
Warehouses, Industrial properties
Square Feet
17,700 SF
Class
C
Year Built
1995
Buildings
2
Stories
2
Lot Size (sq. ft)
62,291 SF
Units
2

Location Insight

City
Bellemont
County
Coconino
State
Arizona
Latitude
35.238771
Longitude
-111.8357587
4860 Ken Morey Dr, Bellemont, Arizona

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4860 Ken Morey Dr
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