4860 Ken Morey DrBellemont, AZ 86015

Property Details for 4860 Ken Morey Dr

Year built

1995

Lot size

1.43 AC

Property size (Sq ft)

17,700 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

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.

Location Insight

City

Bellemont

County

Coconino

State

Arizona

Latitude

35.2388

Longitude

-111.836

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