450 S Willard St | Cottonwood, AZ 86326
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450 S Willard St
Cottonwood, AZ 86326
Manzanita Medical Plaza · Office Property For Sale
Investment Highlights
- Significant opportunity to increase rents from below market during the short-term
- Ideally situated at the intersection of 89A and S Willard St
- Monument and building signage
- Across from Verde Valley Medical Center Hospital
- Ample parking, (parking ratio of 5/1,000)
Executive Summary
Highlights:
Building: 31,165sf RBA
Available: Immediate
User Type: Medical Office Building
Tenancy: Multi-tenant including medical practices and an Urgent Care
Asking Price: $7,750,000 $248.68psf
Owner Carryback Available
Cap Rate: 7.3% {Proforma}
Zoning: C-2, I-2, {City of Cottonwood}
Parcel Number: 406-08-028N
Significant opportunity to increase rents from current below rents
One-story medical office building
Across from Verde Valley Medical Center Hospital
Convenient, central access
Excellent highway access
Ideally situated at the intersection of 89A and S Willard St
Medical use / build-out
Nearby retail, dining, hotel, medical
Ample parking, (parking ratio of 5/1,000)
Monument and building signage
The Cottonwood area is known for its attractive quality of life and as a popular retirement destination.
- Please do not disturb tenant operations.
- Property tours are by appointment only.
Building: 31,165sf RBA
Available: Immediate
User Type: Medical Office Building
Tenancy: Multi-tenant including medical practices and an Urgent Care
Asking Price: $7,750,000 $248.68psf
Owner Carryback Available
Cap Rate: 7.3% {Proforma}
Zoning: C-2, I-2, {City of Cottonwood}
Parcel Number: 406-08-028N
Significant opportunity to increase rents from current below rents
One-story medical office building
Across from Verde Valley Medical Center Hospital
Convenient, central access
Excellent highway access
Ideally situated at the intersection of 89A and S Willard St
Medical use / build-out
Nearby retail, dining, hotel, medical
Ample parking, (parking ratio of 5/1,000)
Monument and building signage
The Cottonwood area is known for its attractive quality of life and as a popular retirement destination.
- Please do not disturb tenant operations.
- Property tours are by appointment only.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
31,165 SF
Building Class
B
Year Built
2003
Price
$7,750,000
Price Per SF
$249
Cap Rate
7.28%
NOI
$564,151
Percent Leased
68%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
31,165 SF
Building FAR
0.23
Land Acres
3.17 AC
Zoning
C-2
Parking
158 Spaces (5.07 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 406-08-028N | Improvements Assessment | $9,594,410 |
| Land Assessment | $291,239 | Total Assessment | $9,885,649 |
PROPERTY TAXES
Parcel Number
406-08-028N
Land Assessment
$291,239
Improvements Assessment
$9,594,410
Total Assessment
$9,885,649
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