999 Division StPrescott, AZ 86301

Property Details for 999 Division St

Year built

1992

Construction

STEEL FRAME

Lot size

0.28 AC

Property size (Sq ft)

4,922 SF

Property type

Medical offices

Property subtype

Medical centers

APN

116-19-003B

APU

11619003B

Description

This exceptional investment opportunity presents a single-tenant, net-leased medical office building situated in Prescott, Arizona. Located directly adjacent to Dignity Health hospital's west campus at 999 Division Street, this 4,922 square foot building offers a strong, stable income stream. Currently leased to Arizona Neurosurgery & Spine, the lease commenced January 1, 2022, and extends until December 31, 2026, providing immediate cash flow. The property boasts a 6.5% going-in capitalization rate with annual CPI increases, ensuring long-term value appreciation. Built in 1988 and recently renovated, the building is in excellent condition. The main level encompasses approximately 4,000 square feet, featuring five exam rooms with sinks, three provider offices (convertible to additional exam rooms), a large surgical room, three surgical prep rooms, a dedicated surgical lobby and entrance, two nursing stations, and a manager's office. The 0.28-acre lot provides ample space. Priced at $1,820,000, this is a rare chance to acquire a high-performing medical office building in a prime Prescott location with significant upside potential. The property's strategic location and strong tenant occupancy make it an ideal addition to any investment portfolio. This is a turnkey investment opportunity with minimal management requirements.

• CAP approach

  CAP return

  Valuation

  6%

  $789,063

  6.5%

  $728,365

  7%

  $676,339

• Comparable approach

  Method

  Valuation

  Relative Method

  $758,726

  Geo Method

  $758,726

• Alternative Use

  Use

  Valuation

  Residential

  $903,173

  Hospitality

  $827,302

  Educational

  $688,305

  Medical

  $711,977

  Retail

  $1,070,697

Location Insight

City

Prescott

County

Yavapai

State

Arizona

Latitude

34.5596

Longitude

-112.479

CBSA code

39150

CBSA name

PRESCOTT VALLEY-PRESCOTT, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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