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2001 Excellence Way Prescott, AZ 86301

OFF-MARKET Office Spaces Google Maps
4,714 SF 3.43 ac lot Built 2009
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional two-story, 4,714 square foot Class A medical office building in Prescott, Arizona, presents a compelling investment opportunity. Located at 2001 Excellence Way, within the Centerpointe West Medical Center, this property boasts a prime location between Prescott, Prescott Valley, and Chino Valley, offering excellent visibility and signage. Built in 2009 and meticulously maintained, the building features two units, each with a longstanding tenant under a modified lease with 5.1 years remaining on a 10-year term (commencing January 1, 2020, and expiring January 1, 2030). The property enjoys 100% occupancy, generating a strong net operating income (NOI) of $89,176 and a 3.72% cap rate. The asking price is $2,400,000 ($509.12/sq ft and $1,200,000/unit). Ample parking is provided with 40 spaces. Situated on a 3.43-acre lot zoned IL - Industrial Light, this property offers significant expansion potential, allowing for the development of additional medical, retail, or office buildings. The property's attractive landscaping and central location make it an ideal investment for long-term growth and profitability. The Yavapai County APN is 102-06-210C.

Property profile

Verified
Property type Office Spaces
Year built 2009
Total area 4,714 SF
Lot 3.43 ac (149,411 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Medical Clinic Hospital
  • Alternative Medicine Practice
  • Medical Clinic

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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