1 Cochise Row Bisbee, AZ 85603
- Self storage facilities
- 183,823 SF
- 7.04 lot acres
Current Use by Public Records
- Self storage facilities
Property Details for 1 Cochise Row
- Year built
- 1960
- Lot size
- 7.04 lot acres
- Property size
- 183,823 SF
- Property type
- Self storage facilities
- Property subtype
- Flex space
- APN
- 611-05-143B & 611-05-143C
Description
This exceptional Bisbee, Arizona investment opportunity presents a 183,823-square-foot industrial and mixed-use property, encompassing three single-story buildings on a 7.04-acre lot. The property features 56,850 square feet of net rentable space, currently 95% occupied, divided into 78 storage units (20,510 sq ft) and six industrial units (36,340 sq ft). A 1,158-square-foot manager's residence is also included. Renovated in 2006, the property boasts a current NOI of $79,916 and a pro-forma NOI of $460,254, reflecting a significant upside potential. The asking price is $3,800,000, representing a price per square foot of $20.67 and a price per unit of $45,238.10. The property is zoned for warehouse and commercial use, offering room for future expansion. Located at 1 Cochise Row, 85603, the property benefits from its proximity to Copper Queen Community Hospital, Bisbee Senior High School, and residential areas. Current rents are significantly below market rates, presenting a compelling value-add opportunity with substantial potential for rent increases. The property's strong occupancy and below replacement cost pricing make it an attractive investment. Built in 1960, this asset offers a compelling blend of established income and future growth potential. The property's location in Bisbee, Arizona, provides access to a strong demand for industrial and mini-storage space.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bisbee
- County
- Cochise
- State
- Arizona
- Longitude
- -109.8872368169
- Latitude
- 31.419199958369
