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Renovated Executive Office Building
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3623 Crossings Drive, Prescott, AZ 86305

Modern executive suite property with private offices, shared workspace, conference rooms, and controlled tenant access.

Property Size4,760 SF
Price / SF$590.34
Days on Market130

Property Features for 3623 Crossings Drive

General Information

Standard status Active
Size 4,760 SF
Class A
Total Parking Spaces 20
Property subtype Office
Lease Type Gross
Investment Type Value Add
Net Operating Income $170,097

Additional Details

Cap Rate 6%

Amenities

secure 24/7 key card and coded access
two conference rooms
20 private offices
bullpen workspace
breakroom
outdoor patio
copy/fax station
coffee/beverage amenities
full-building backup generator
rare fiber connectivity

Building Details

Year Built 2005
Year Renovated 2021
Units 4
Tenancy Multi
Listing Agency: Dream Maker Commercial Advisors
Listed By: Amy Gibson · License #BR651378000
Source: Crexi
Added: Apr 24 Changed: Aug 30 Last Checked: Aug 30 at 12:03PM

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 Dream Maker Commercial Advisors

Investment Insights

Based on property information with market context.

This office building contains approximately 4,760 SF of executive-suite workspace with 20 private offices, bullpen area, two conference rooms, a breakroom, patio, and copy/fax station. Coffee and beverage amenities are also provided. Constructed in 2005 and renovated in 2021, the property uses secure 24/7 key card and coded entry. A full-building backup generator was added in 2023, and the building has fiber connectivity.

The property is in Prescott, Arizona, near Embry-Riddle Aeronautical University. Ownership controls 20 dedicated on-parcel parking spaces for tenant and visitor use. The asset is currently operating at an approximate 6% cap rate.

Key Highlights

  • Approximately 4,760 SF office building renovated in 2021
  • 20 private offices, bullpen workspace, and two conference rooms
  • Secure 24/7 key card and coded access

Property Analytics

Current Use

Greene Insurance Group ... Insurance Agency Stratos Wealth Partners Financial Advisor Prescott Mailboxes Business Service Center Price Electric LLC Electrical Service Premiere Tax and Accounting ... Accounting Firm

Suggested Use

Top Pick Building Supply Restaurant Real Estate Agency Big Box & Wholesale Store Law Firm Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

702
Businesses Nearby

Demographics for 86305, AZ

19,555
Population
10,920
Households
1.8
Avg Household Size
62
Median Age
47%
College-Educated
97%
High-School Grad
588.5 sq mi
ZIP Area
33
Density / Sq Mi
$78,802
Median Household Income
$37,630
Median Earnings
$1,132
Median Rent
$627,100
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Modern executive suite property with private offices, shared workspace, conference rooms, and controlled tenant access.
Where is this office building located?
The property is located at 3623 Crossings Drive Prescott, AZ.
What is the asking price?
The asking price for this property is $2,810,000.
What are key features of this property?
This property features: Approximately 4,760 SF office building renovated in 2021; 20 private offices, bullpen workspace, and two conference rooms; Secure 24/7 key card and coded access
More about this property
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