2001 Excellence Way Prescott, AZ 86301

Property Details for 2001 Excellence Way

Year built

2009

Lot size

3.43 lot acres

Property size

4,714 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

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.