Current Use by Public Records
- Warehouses
Property Details for 4860 Ken Morey Dr
- Year built
- 1995
- Lot size
- 1.43 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents two warehouse buildings totaling 17,700 square feet situated on a 1.43-acre lot in Bellemont, Arizona. The property, located at 4860 Ken Morey Dr, 86015, features two separate buildings: Building A, constructed in 1995, encompasses 10,140 square feet, while Building B, built in 2007, offers 7,560 square feet. Both buildings boast a 24-foot ceiling height and are currently 100% occupied by two tenants under NNN leases, generating a substantial net operating income (NOI) of $205,928. The property is zoned M-1 and includes seven dock-high doors and ample parking for 30 vehicles. The asking price is $3,250,000, representing a compelling price per square foot of $183.62 and a 6.34% cap rate. The leases expire on December 31, 2023. This is a fee-simple ownership opportunity with significant potential for future returns. The property's strong occupancy and attractive financial metrics make it an ideal addition to any commercial real estate portfolio. This two-story complex offers a rare combination of size, location, and income potential in the thriving Bellemont market.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Bellemont
- County
- Coconino
- State
- Arizona
- Longitude
- -111.836
- Latitude
- 35.2388
