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

Office properties

Property subtype

Medical offices

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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