3120 Clearwater DrPrescott, AZ 86305

Property Details for 3120 Clearwater Dr

Year built

2003

Construction

STEEL FRAME

Lot size

0.70 AC

Property size (Sq ft)

4,469 SF

Property type

Medical offices

Property subtype

Medical centers

APN

106-49-006

APU

10649006

Description

This exceptional investment opportunity presents a single-tenant, Class A medical office building located at 3120 Clearwater Dr, Prescott, AZ 86305. The 4,493 square foot building, constructed in 2003, boasts a desirable location within the Crossings Commercial Subdivision. Currently 100% occupied by Dignity Health/YRMC under a Net Net Net (NNN) lease, the property offers a strong, stable income stream. The lease, with a remaining term of approximately five years, includes a five-year renewal option with a 3.0% annual rent increase, providing long-term security for the investor. The building features twelve exam rooms, two nurse stations, a business office bullpen, a manager's office, a spacious waiting room, reception area, kitchen/break room, three storage rooms, four restrooms, and a private outdoor patio. Ample parking is provided with 40 on-site spaces supplemented by street parking. The property's current cap rate is 6.74%, with a five-year average of 7.25%, representing a compelling return on investment. The property's APN is 106-49-006. This single-story building is in excellent condition and features high-quality tenant improvements and a functional floor plan, making it an ideal investment for discerning buyers seeking a stable, high-performing asset in a thriving Prescott, Arizona market.

• CAP approach

  CAP return

  Valuation

  6%

  $716,441

  6.5%

  $661,330

  7%

  $614,092

• Comparable approach

  Method

  Valuation

  Relative Method

  $688,896

  Geo Method

  $688,896

• Alternative Use

  Use

  Valuation

  Residential

  $820,049

  Hospitality

  $751,160

  Educational

  $624,957

  Medical

  $646,450

  Retail

  $972,155

Location Insight

City

Prescott

County

Yavapai

State

Arizona

Latitude

34.5971

Longitude

-112.466

CBSA code

39150

CBSA name

PRESCOTT VALLEY-PRESCOTT, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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