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Key Details
Sold Price $1,260,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 3,820 sqft
Price per Sqft $329
Subdivision Commercial Only
MLS Listing ID 535331
Year Built 1991
Annual Tax Amount $10,167
Lot Size 0.260 Acres
Property Description
Classic office space in Historic Downtown Flagstaff near the courts, City Hall,
Flagstaff Medical Center, local restaurants, and retail establishments. This recently
remodeled 3,820 square foot two-story building is prime for professionals in the
heart of the City of Flagstaff. The space is made up of private offices, two
bathrooms on first floor and one bathroom on second floor, 2 break areas,
conference room, and lobby. Space can easily be used in combination or separated
for two different users.
Cap Rate and NOI are projected using market monthly rent of $1.88/SF NNN.
Current tenant, Ardurra, occupies the space at below market rent. Ardurra's lease
expires 12/31/2024 but may consider vacating sooner.
Location
State AZ
County Coconino
Community Commercial Only
Interior
Heating Forced Gas
Cooling Central Air
Exterior
Garage 10 - 19 Cars
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
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