450 Willard StCottonwood, AZ 86326

Property Details for 450 Willard St

Year built

2003

Lot size

3.17 AC

Property size (Sq ft)

31,165 SF

Property type

Healthcare properties

Property subtype

Other office properties

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

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