711 Cottonwood LnCasa Grande, AZ 85122

Property Details for 711 Cottonwood Ln

Year built

1982

Construction

STEEL FRAME

Lot size

1.64 AC

Property size (Sq ft)

22,538 SF

Property type

Office properties

Property subtype

Office buildings

APN

506-10-066B

APU

50610066B

Description

This exceptional 26,463 square foot office building in Casa Grande, Arizona, presents a compelling investment opportunity. Located at 711-719 E Cottonwood St, 85122, this property boasts a prime location in the heart of Casa Grande, conveniently situated midway between Phoenix and Tucson with easy access to L-10 and L-8 freeways. The building is comprised of a mix of medical and traditional office spaces, featuring approximately 19 air conditioning units, with an average age of three years. A significant advantage is the approximately 5,500 square foot shared basement, ideal for storage, accessible via a freight elevator. Ample parking is provided with 110 spaces. The property also benefits from a recently installed roof covering addresses 719 and 711. The asking price is $4,000,000, translating to $151 per square foot. Casa Grande's thriving market, fueled by significant new industry growth, makes this a highly attractive investment prospect. The building's strong tenant base further enhances its value and potential for future returns. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a rapidly expanding market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,507,064

  6.5%

  $3,237,290

  7%

  $3,006,055

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,474,233

  Geo Method

  $3,474,233

• Alternative Use

  Use

  Valuation

  Residential

  $4,014,240

  Hospitality

  $3,677,022

  Educational

  $3,059,239

  Medical

  $3,164,451

  Retail

  $4,758,816

Location Insight

City

Casa Grande

County

Pinal

State

Arizona

Latitude

32.8938

Longitude

-111.743

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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