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Prescott Executive Offices 3623 Crossings Dr 4,760 SF 100% Leased Office Building Prescott, AZ 86305 $3,872,573 CAD ($813.57 CAD/SF) 6.05% Cap Rate
Investment Highlights
- Value-Add Executive Office Investment – 6% in-place cap rate with upside to 18% pro forma through lease-up.
- Critical Infrastructure – Full-building backup generator (2023) and only non-government fiber-lit building in Prescott.
- Excellent Parking – 20 dedicated on-site spaces (˜4.2/1,000 SF) with no HOA parking control.
- Renovated & Turnkey – Built in 2005 and renovated in 2021; fully automated executive-suite concept.
- Strong Location – Near Embry-Riddle Aeronautical University and Prescott’s professional and academic core.
- Flexible Office Layout – 20 private offices, 2 conference rooms, shared amenities, and outdoor patio.
Executive Summary
• Offered at $2,810,000
• Current 6% cap rate with substantial lease-up upside
• Pro forma NOI projected at ±$515,000 with stabilization
• Built in 2005, renovated in 2021, with a full-building backup generator added in 2023
• Fully automated executive suite model with key-card and coded access
• Strong location near Embry-Riddle Aeronautical University with limited competing inventory
• Optional assumable seller carry-back loan of approximately $600,000 at 5%
The property is currently operating below market occupancy, and lease-up to capacity is projected to significantly enhance cash flow with minimal incremental expense.
I’m selectively sharing the OM with brokers active in the Prescott and Northern Arizona markets. If you have clients seeking value-add office, small-bay office ownership, or executive suite investments, I’d be glad to discuss the opportunity further.
Please feel free to reach out with any questions, pricing feedback, or to arrange a tour.
Property Facts
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Outdoor Seating
- Air Conditioning
- Fiber Optic Internet
- Backup Power / Generators
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Finance and Insurance
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Ameriprise Financial began in 1894, when John Tappan founded Investors Syndicate, establishing the origin of the business that later became Ameriprise Financial. The company became an independent public company after a spin-off from American Express in 2005, marking a major step in its modern history. Ameriprise Financial offers financial planning, wealth management, asset management, insurance, annuities, and estate planning services, supported by a broad network of financial advisors and global asset management capabilities. The business also operates through brands and platforms tied to advice, brokerage, banking, and investment management, giving Ameriprise Financial a wide presence across individual and institutional financial services.
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- Finance and Insurance
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Benchmark Wealth Management is a privately held financial advisory firm headquartered in Anaheim, California. Established in 2005, the company provides wealth management, retirement planning, and investment advisory services to individuals, families, and businesses. The firm operates independently through its affiliation with LPL Financial, enabling advisors to offer objective guidance without proprietary product requirements. Benchmark emphasizes personalized strategies for retirement income planning and asset management, serving clients across Southern California and neighboring states. The company has grown to include multiple advisors and locations, maintaining a focus on disciplined processes and client-centric planning.
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- Arts, Entertainment, and Recreation
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CrossFit began in 2000 when Greg Glassman and Lauren Jenai created a new fitness approach in California. The company licenses its name to affiliated gyms worldwide, which operate under the CrossFit brand. These affiliates use standardized training programs developed by CrossFit HQ. The regimen combines weightlifting, gymnastics, and cardio through constantly varied workouts. CrossFit's business model relies on membership fees from these independent affiliates rather than direct gym ownership. The company maintains a global presence through its network of licensed affiliates.
- Ed Mcmahan Medicare Insurance
- Finance and Insurance
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- Mountain Blind Man Arizona
- Retailer
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- Paz Integrative Psychiatry & Wellness Pllc
- Health Care and Social Assistance
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- Pine Country Plumbing
- Construction
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- Prescott Trade Network
- Administrative and Support Services
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- Quad Cities Design
- Professional, Scientific, and Technical Services
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- Richard A Perlman Enrolled Agent Irs Tax Help
- Professional, Scientific, and Technical Services
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Finance and Insurance | - | - | - | ||
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Finance and Insurance | - | - | - | ||
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Arts, Entertainment, and Recreation | - | - | - | ||
| Ed Mcmahan Medicare Insurance | Finance and Insurance | - | - | - | ||
| Mountain Blind Man Arizona | Retailer | - | - | - | ||
| Paz Integrative Psychiatry & Wellness Pllc | Health Care and Social Assistance | - | - | - | ||
| Pine Country Plumbing | Construction | - | - | - | ||
| Prescott Trade Network | Administrative and Support Services | - | - | - | ||
| Quad Cities Design | Professional, Scientific, and Technical Services | - | - | - | ||
| Richard A Perlman Enrolled Agent Irs Tax Help | Professional, Scientific, and Technical Services | - | - | - |
Property Taxes
| Parcel Number | 106-49-017H | Improvements Assessment | $1,333,940 CAD |
| Land Assessment | $170,572 CAD | Total Assessment | $1,504,513 CAD |
Property Taxes
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Prescott Executive Offices | 3623 Crossings Dr
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