450 Willard StCottonwood, AZ 86326
- Office properties
- 31,165 SF
Property Details for 450 Willard St
- Year built
- 2003
- Lot size
- 3.17 AC
- Property size (Sq ft)
- 31,165 SF
- Property type
- Office properties
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents a single-story, 31,165-square-foot medical office building in Cottonwood, Arizona. Located at 450 S Willard St, 86326, this property boasts a strong 7.21% cap rate and a net operating income (NOI) of $559,089, with an asking price of $7,750,000 ($248.68/sq ft). Built in 2003, the building sits on a 3.17-acre lot and features a multi-tenant occupancy, including medical practices and an urgent care facility. The property benefits from a convenient location across from Verde Valley Medical Center Hospital, excellent highway access at the intersection of 89A and S Willard St, and ample parking (5 spaces per 1,000 sq ft). Monument and building signage are available. Zoned C-2 and I-2 by the City of Cottonwood (APN: 406-08-028N), this property offers significant potential for increased rental income due to below-market rents. The Cottonwood area is known for its high quality of life and popularity as a retirement destination. The property is offered as a net lease (NNN). Showings are by appointment only.
Location Insight
- City
- Cottonwood
- County
- Yavapai
- State
- Arizona
- Latitude
- 34.7316
- Longitude
- -112.029
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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