For Sale
$2,400,000

2001 Excellence WayPrescott, AZ 86301

Prime location, high occupancy, expansion potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional two-story, 4,714 square foot Class A medical office building in Prescott, Arizona, presents a compelling investment opportunity. Located at 2001 Excellence Way, within the Centerpointe West Medical Center, this property boasts a prime location between Prescott, Prescott Valley, and Chino Valley, offering excellent visibility and signage. Built in 2009 and meticulously maintained, the building features two units, each with a longstanding tenant under a modified lease with 5.1 years remaining on a 10-year term (commencing January 1, 2020, and expiring January 1, 2030). The property enjoys 100% occupancy, generating a strong net operating income (NOI) of $89,176 and a 3.72% cap rate. The asking price is $2,400,000 ($509.12/sq ft and $1,200,000/unit). Ample parking is provided with 40 spaces. Situated on a 3.43-acre lot zoned IL - Industrial Light, this property offers significant expansion potential, allowing for the development of additional medical, retail, or office buildings. The property's attractive landscaping and central location make it an ideal investment for long-term growth and profitability. The Yavapai County APN is 102-06-210C.

Highlights

  • Class A, 4,714 SF medical office building in Prescott, AZ, with 100% occupancy.
  • Two units, each with a long-term tenant (5.1 years remaining on 10-year lease).
  • Strong NOI of $89,176 and a 3.72% cap rate; asking price $2,400,000 ($509.12/SF).
  • Located in Centerpointe West Medical Center, offering excellent visibility and ample parking (40 spaces).
  • 3.43-acre lot with IL (Industrial Light) zoning, allowing for significant expansion potential.

Property Details for 2001 Excellence Way

Property type
Office properties, Medical offices
Square Feet
4,714 SF
Class
A
Year Built/Renovated
2009/2009
Buildings
1
Stories
2
Lot Size (sq. ft)
149,411 SF
Units
2

Location Insight

City
Prescott
County
Yavapai
State
Arizona
Latitude
34.6297811
Longitude
-112.4230378
2001 Excellence Way, Prescott, Arizona

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2001 Excellence Way
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