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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..

Attachments

575 E. Wilcox-a

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,043 SF
Building Class
B
Year Built/Renovated
1984/2007
Price
$683,485 CAD
Price Per SF
$135.53 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
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
105-09-055C
Land Assessment
$8,499 CAD
Improvements Assessment
$67,312 CAD
Total Assessment
$75,812 CAD
  • Listing ID: 34209703

  • Date on Market: 2024-12-16

  • Last Updated:

  • Address: 575 E Wilcox Dr, Sierra Vista, AZ 85635

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