460 N Switzer Canyon Drive, Flagstaff, AZ 86001 (MLS# 181242)


$2,300,000
460 N Switzer Canyon Drive
Flagstaff, AZ 86001
MLS# 181242
10000 sqft


Exterior Main
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Exterior Main 460 N Switzer Canyon Drive, Flagstaff, AZ 86001

Property Description
Calling all 1031 exchange investors! Fully leased NNN 7% CAP investment opportunity with a recession-proof and 'essential business' medical dispensary as the anchor. Prime location along the busy Switzer Canyon corridor featuring new medical and residential development. Long term leases with newer improvements to the building including new roof less than 5 years old, sewer lines, and individual leasehold improvements. Lots of surface parking spaces on a nearly 3/4 acre lot. With new medical facilities underway across the street in addition to continued residential growth in the area and true investment properties being harder to come by, this property demands pursuit.

Details
Maps
Contract Info
List Price: $2,300,000
Current Price: $2,300,000
List Price/SqFt: 230
Property Sub-Type: Retail Building
List Date: 2020-05-01
Location, Tax & Legal
County: Coconino
Region: 10 - North West City
Area: 135 - Switzer Mesa
APN: 101-25-002
Street #: 460
Direction: N
Street Name: Switzer Canyon
Suffix: Drive
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Legal Description: To be provided in escrow
Zoned: HC
Taxes: 9988
Tax Year: 2019
Geo Lat: 35.197748
Geo Lon: -111.634973
Key Words
Sale/Rent: For Sale
Net Op Inc: $100,000 - 499,999
Cap Rate: 1 - 7.9%
Down Payment: Submit
Imprv Sz (Gross SF): 5,000 - 11,999
#Tenants/Units: 1 - 4
Land Size: .5 - .9 AC
Trade/Exchange: Submit
General Property Description
Dimensions: 154x198
Acres: 0.69
Year Built: 1973
Approx SqFt: 10000
# Docks: 1
Remarks & Misc
Directions: East on Route 66, North on Switzer Canyon Dr, property is on the right side.
Status Change Info
Status: Active
Inc/Exp (Annual)
Grs Op Inc $: 180000
Property Features
To Show: CLO/KILO; No Sign on Prop.
Terms of Sale: Cash; CTM/Assump; OMC; OMC w/Balloon; Submit
Leases: 1 Yr. +; CPI; Net; Option/Buy; Option/Renew
Util Pd by Tenant: Cable TV; CAM's; Electricity; Janitorial; Nat. Gas; RE Insurance; RE Tax; Snow Removal; Trash Collect; Water/Sewer
Docs on File: Flood Zone Info.; Leases; Legal Descrip.; Ownr Op Stmnt; Security Deposits; Survey
Flood Zone: C-Minimal
Interior Amenities: Display Window; Duo-Pane Win.; Fire Alarm Sys.; Security System; Shop; Showroom; Sprinklers
Exterior Amenities: Handic. Access; Landscaped; Loading Docks
Occupancy: Totally Leased
Management: Owner
Construction: One Story; Frame; Masonry
Roof: Comp./Built Up; Flat
Heating/Cooling: Central Htg; Electric; Gas; Indiv AC Units
Utilities: City Water; Electric; Indiv Metered; Natural Gas; Sewer; Telephone; TV Cable
Lot Street Imprvmnts: Curbs; Paved Parking; Sidewalks; St-Blacktop
Location: Freestanding
Freeway Turn Time: 5-9 Min
Possession: COE +

Listing Office: Coldwell Banker Dallas Real Estate Main

Last Updated: May - 05 - 2020

460 N Switzer Canyon Drive, Flagstaff, AZ 86001 - MLS# 181242

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Sunday 31st of May 2020 09:25 AM