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300 W White Mountain Blvd

22,249 SF 100% Leased Office Building Lakeside, AZ 85929 $4,285,000 ($193/SF) 6.90% Cap Rate

Investment Highlights

  • Fully leased income producing property in the pines!
  • Opportunity for additional land acquisition for future expansion. Call Broker for details.
  • Pride of ownership, frequently updated and meticulously maintained.

Executive Summary

6.9% CAP NOI apx $295,000, stable income investment property in Pinetop- Lakeside, AZ with diverse tenants that serve the local community featuring fully leased medical, office and retail uses. Well maintained pride of ownership asset fronting Highway 260 with 3 buildings 218-300-316 West White Mnt Blvd, APN= 212-30-014C. and 212-30-031C. Buyer shall independently investigate all utilities, service, lot boundaries and all other data to verify all information for Buyer's intended use.

Property Facts Under Contract

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
22,249 SF
Building Class
C
Year Built/Renovated
1998/2022
Price
$4,285,000
Price Per SF
$193
Cap Rate
6.90%
NOI
$295,665
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
22,249 SF
Building FAR
0.23
Lot Size
2.25 AC
Opportunity Zone
Yes
Zoning
C-1 - allows commercial service and shopping businesses to build and manage locations in residential areas
Parking
105 Spaces (4.72 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Signage
  • Monument Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 212-30-031C
  • 212-30-014C
Land Assessment
$61,393
Improvements Assessment
$376,817
Total Assessment
$438,210
  • Listing ID: 33114379

  • Date on Market: 9/9/2024

  • Last Updated:

  • Address: 300 W White Mountain Blvd, Lakeside, AZ 85929

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