300 White Mtn BlvdPinetop-Lakeside, AZ 85929

Property Details for 300 White Mtn Blvd

Lot size

2.25 AC

Property size (Sq ft)

22,249 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

Exceptional investment opportunity: Eagle Plaza, a fully leased, mixed-use property located at 300 W White Mountain Blvd, Pinetop-Lakeside, AZ 85929, presents a compelling opportunity for investors seeking stable income and strong returns. This stabilized investment boasts a 6.9% cap rate and a substantial net operating income (NOI) of $295,000. The property comprises three buildings totaling 22,249 square feet, constructed between 1996 and 2006, with significant renovations completed in 2018, 2021, 2022, and 2024. The buildings are situated on a 2.25-acre lot and feature 105 parking spaces. Currently housing seven tenants across eleven units, the property enjoys 100% occupancy under net lease agreements. The property's diverse tenant mix includes medical and traditional office spaces, catering to the local community's needs. The property is zoned C-1 and benefits from highway frontage on Highway 260. The asking price is $4,285,000, translating to $192.59 per square foot and $43.72 per square foot for land value. The property is offered fee simple and is suitable for a 1031 exchange. All information should be independently verified by the buyer.

Location Insight

City

Pinetop-Lakeside

County

Navajo

State

Arizona

Latitude

34.1452

Longitude

-109.958

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