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Aires Building 575 E Wilcox Dr 5,043 SF Office Building Sierra Vista, AZ 85635 $828,118 CAD ($164.21 CAD/SF)
INVESTMENT HIGHLIGHTS
- Flex/Office with group meeting space.
- Large grandfathered monument sign.
- Large Storage Room with a directs access to rear fenced yard.
EXECUTIVE SUMMARY
The property was previously occupied by Aires, built out with private offices and large meeting space. The building also has the ability for separate isolated entrances. The property is in good condition and priced to sell quickly. With a lease at $12/sf/yr and CAP rate of 8% the property is worth $756,000. With a 75% loan, at 7%, the property can generate an after depreciation cash on cash return of 23.6%.***
***Returns are based on a NNN lese. There are currently institutional lenders offering rates lower than 7% to qualified buyers..
***Returns are based on a NNN lese. There are currently institutional lenders offering rates lower than 7% to qualified buyers..
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,043 SF
Building Class
B
Year Built/Renovated
1984/2007
Price
$828,118 CAD
Price Per SF
$164.21 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,043 SF
Building FAR
0.20
Lot Size
0.57 AC
Zoning
GC - General Business
AMENITIES
- Fenced Lot
- Storage Space
- Air Conditioning
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 105-09-055C | Improvements Assessment | $69,327 CAD |
| Land Assessment | $8,754 CAD | Total Assessment | $78,081 CAD |
PROPERTY TAXES
Parcel Number
105-09-055C
Land Assessment
$8,754 CAD
Improvements Assessment
$69,327 CAD
Total Assessment
$78,081 CAD
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Presented by
First West Properties Corporation
Aires Building | 575 E Wilcox Dr
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