For Sale
$825,000

8067 Florentine RdPrescott Valley, AZ 86314

High-traffic location, strong NOI, excellent investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This single-story, 3,084 square foot office building in Prescott Valley, Arizona, presents a compelling investment opportunity. Located on a 0.39-acre lot in the highly desirable medical corridor, just two blocks from Dignity Health Yavapai Regional Medical Center East, this property enjoys exceptional visibility and accessibility. Currently 100% occupied by a single tenant under an Absolute NNN lease with annual rent bumps, expiring April 30, 2027 (2.4 years remaining). The building, constructed in 1988, is classified as Class B and features ample parking. The property boasts a strong Net Operating Income (NOI) of $48,992, yielding a 5.94% cap rate at an asking price of $825,000 ($267.51 per square foot). The C2 zoning allows for a variety of uses, making it suitable for medical or general office purposes. The expansive lot offers potential for future expansion or improvements. This is an absolute NNN lease with one 3-year lease option. The property's location, strong tenant, and favorable lease terms make it an attractive investment for those seeking a stable, high-return asset. The APN is 103-22-051A.

Highlights

  • National Credit Tenant Lease in Place
  • Strong, established customer base
  • Ample parking with additional land parcel
  • Prime location within a desirable Medical Corridor
  • Triple Net (NNN) Lease

Property Details for 8067 Florentine Rd

Property type
Office properties, Medical space
Square Feet
3,084 SF
Class
B
Year Built
1988
Buildings
1
Stories
1
Lot Size (sq. ft)
16,988 SF
Units
1

Location Insight

City
Prescott Valley
County
Yavapai
State
Arizona
Latitude
34.587785239643
Longitude
-112.32452081099
8067 Florentine Rd, Prescott Valley, Arizona

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8067 Florentine Rd
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