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223 White Spar Road 223 White Spar Rd 3,061 SF 100% Leased Office Building Prescott, AZ 86303 $1,234,362 CAD ($403.25 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Central Location
- Easily Accessible and Visible
Executive Summary
This quality commercial office building is located along the high traffic corridor of White Spar Rd with excellent visibility. Suite A, ±2413 sf, has a long term tenant who recently signed a new ten year NNN lease with increases. Two lower suites are available for a total of ±1188 sf, perfect for an owner user or income. Based on 2026 proforma rents this investment will return a 7.08% cap rate fully leased. Property recently had exterior paint as well as paint and flooring of Suites B & C. Property has 11 onsite spaces which were recently restriped. Nice investment opportunity near downtown Prescott!
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,061 SF
Building Class
C
Year Built
1992
Price
$1,234,362 CAD
Price Per SF
$403.25 CAD
Cap Rate
6.50%
NOI
$80,234 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,531 SF
Building FAR
0.37
Lot Size
0.19 AC
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 109-15-011C | Improvements Assessment | $1,095,283 CAD |
| Land Assessment | $126,851 CAD | Total Assessment | $1,222,134 CAD |
Property Taxes
Parcel Number
109-15-011C
Land Assessment
$126,851 CAD
Improvements Assessment
$1,095,283 CAD
Total Assessment
$1,222,134 CAD
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223 White Spar Road | 223 White Spar Rd
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