999 Division StPrescott, AZ 86301
- Healthcare properties
- 4,922 SF
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
- Healthcare properties
- Property subtype
- Medical offices
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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