Three-Building NNN Office
For Sale
$5,437,518
Pending
3205 Lakeside, Prescott, AZ 86301
Fully leased office campus with NNN leases and annual rental escalations.
Property Size22,395 SF
Days on Market99
Property Features for 3205 Lakeside
General Information
Standard status
Pending
Size
22,395 SF
Property subtype
Commercial
Building Details
Year Built
2007
Listing Agency:
Arizona Commercial
Listed By:
Matthew Fish · License #BR626105000
(480) 309-1089
Source:
Allarizonahomesforsale
Added: Jul 10
Changed: Oct 6
Last Checked: Oct 14 at 11:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Arizona Commercial
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Investment Insights
Based on property information with market context.
This office portfolio comprises three architecturally cohesive buildings totaling 22,395 square feet. Constructed in 2007, 2014, and 2018, the campus features professional office improvements, attractive landscaping, and abundant parking. The property is located at 3205 Lakeside, Prescott, AZ 86301, within an established professional office corridor.
HOAMCO occupies the majority of the campus and uses the Prescott location as its corporate headquarters, with executive leadership and key operational staff based on site. The tenancy is supported by Community Management Holdings, a platform backed by Charlesbank Capital Partners. The portfolio is fully leased under NNN leases with annual rental escalations. New commercial buildings are under construction adjacent to the property, adding development activity to the surrounding area.
HOAMCO occupies the majority of the campus and uses the Prescott location as its corporate headquarters, with executive leadership and key operational staff based on site. The tenancy is supported by Community Management Holdings, a platform backed by Charlesbank Capital Partners. The portfolio is fully leased under NNN leases with annual rental escalations. New commercial buildings are under construction adjacent to the property, adding development activity to the surrounding area.
Key Highlights
- Three‑building office portfolio totaling 22,395 square feet
- Buildings constructed in 2007, 2014, and 2018
- HOAMCO corporate headquarters occupies the majority of the campus
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$325,717
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,514,340
$6.5M
Cap Rate 7%
$4,653,100
$4.7M
Cap Rate 9%
$3,619,078
$3.6M
Market Conditions
NOI Build-Up for 22,395 SF
Gross rent
$521.4K $23.28/SF
− Vacancy
−$87.1K −$3.89/SF
EGI
$434.3K $19.39/SF
− OpEx
−$108.6K −$4.85/SF
NOI
$325.7K $14.54/SF
Area
Yavapai County, AZ
Vacancy
16.70%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,514,340
Cap Rate 7%
$4,653,100
Cap Rate 9%
$3,619,078
Alternative Uses
Best Use
Office B
$4.65M
$4.07M – $5.43M
NOI $325,717 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.50M
$6.56M – $8.75M
NOI $525,158 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 86301, AZ
25,115
Population
13,863
Households
1.8
Avg Household Size
57
Median Age
37%
College-Educated
96%
High-School Grad
33.4 sq mi
ZIP Area
752
Density / Sq Mi
$71,962
Median Household Income
$33,989
Median Earnings
$1,580
Median Rent
$495,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Fully leased office campus with NNN leases and annual rental escalations.
Where is this office building located?
The property is located at 3205 Lakeside Prescott, AZ.
What is the asking price?
The asking price for this property is $5,437,518.
What are key features of this property?
This property features: Three‑building office portfolio totaling 22,395 square feet; Buildings constructed in 2007, 2014, and 2018; HOAMCO corporate headquarters occupies the majority of the campus
