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McCormick Place 325 W Gurley St 33,500 SF 80% Leased Office Building Prescott, AZ 86301 $7,193,628 CAD ($214.74 CAD/SF) 6.80% Cap Rate

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EXECUTIVE SUMMARY

Fully Leased Class A property in Downtown Prescott. Superior construction quality with 8'' concrete tilt up exterior walls and high end windows. The building has two floors of professional Tenants and two elevators separating commercial and residential uses. Convenient street level parking plus an additional .36 acres on North McCormick for overflow parking. The Building is in excellent condition with new roof overlay in 2020, repaint of parking garage and railing and updated HVAC system in 2020. HVAC can be managed and monitored online for convenient operation and troubleshooting. The upper level consists of 4 townhomes that are individually owned but share in the common area expenses. Consistent cash flow with a great Tenant mix and easy management structure.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
33,500 SF
Building Class
A
Year Built
2005
Price
$7,193,628 CAD
Price Per SF
$214.74 CAD
Cap Rate
6.80%
NOI
$489,167 CAD
Percent Leased
80%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,652 SF
Building FAR
3.34
Lot Size
0.23 AC
Zoning
BG - Business General
Parking
5 Spaces (0.22 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Property Manager on Site
  • Security System
  • Signage
  • Accent Lighting
  • Bicycle Storage
  • Central Heating
  • High Ceilings
  • Air Conditioning
  • Balcony

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 102
  • 5,700 SF
  • Office
  • Full Build-Out
  • Now

Description Discover this exceptional 5,700 SF Class A office space available for lease in the heart of downtown Prescott, AZ. Ideally suited for professional or corporate users, this meticulously maintained space offers an impressive layout featuring 8 private offices, 6 spacious bullpen workstations, a large conference room, ample storage, and a welcoming reception lobby. The suite is finished with high-end upgrades throughout, including quality flooring, modern lighting, and refined architectural details that reflect a professional image. Tenants will also enjoy the convenience of reserved parking, a rare amenity in the downtown area. Located within walking distance to restaurants, shops, and the courthouse plaza, this is a premier opportunity to position your business in one of Prescott's most desirable commercial corridors. Don't miss this opportunity to elevate your business presence in Prescott's vibrant downtown district.

  • 2nd Fl-Ste 202A
  • 975 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 102 5,700 SF Office Full Build-Out Now
2nd Fl-Ste 202A 975 SF Office Full Build-Out Now

1st Fl-Ste 102

Size
5,700 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 202A

Size
975 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 102

Size 5,700 SF
Space Use Office
Condition Full Build-Out
Available Now

Description Discover this exceptional 5,700 SF Class A office space available for lease in the heart of downtown Prescott, AZ. Ideally suited for professional or corporate users, this meticulously maintained space offers an impressive layout featuring 8 private offices, 6 spacious bullpen workstations, a large conference room, ample storage, and a welcoming reception lobby. The suite is finished with high-end upgrades throughout, including quality flooring, modern lighting, and refined architectural details that reflect a professional image. Tenants will also enjoy the convenience of reserved parking, a rare amenity in the downtown area. Located within walking distance to restaurants, shops, and the courthouse plaza, this is a premier opportunity to position your business in one of Prescott's most desirable commercial corridors. Don't miss this opportunity to elevate your business presence in Prescott's vibrant downtown district.

2nd Fl-Ste 202A

Size 975 SF
Space Use Office
Condition Full Build-Out
Available Now

Walk Score®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 109-02-022G
  • 109-02-022C
  • 109-02-022H
Land Assessment
$280,461 CAD (2026)
Improvements Assessment
$20,511,278 CAD (2026)
Total Assessment
$20,791,739 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
  • Listing ID: 31876839

  • Date on Market: 2024-05-21

  • Last Updated:

  • Address: 325 W Gurley St, Prescott, AZ 86301

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