Remarks

Introducing a prime commercial property offering: a strategically positioned 9,600 square foot warehouse on a sprawling 1.77-acre lot. This property presents a unique investment opportunity with a diversified income stream from two reputable tenants and an array of valuable assets. The building is currently home to Wyndham Vacation Resorts, occupying half of the space with a secure 30-year triple net lease, providing a stable and consistent revenue stream. Additionally, Katlon Inc. occupies the remaining half with a three year modified gross lease, offering flexibility and potential for increased returns in the future. What makes this investment truly exceptional is the inclusion of 143 RV & Boat Storage outdoor spaces on 1.66 acres, fully leased with a waitlist in place ensuring maximum utilization of the property. The collective cap rate for both the warehouse and the storage spaces is an attractive 6.08 percent cap rate, offering investors a solid and reliable return on investment. But the benefits don't stop there. The sale of this property includes valuable assets such as a 1998 Chevy Truck with a snow plow (worth 15,000 Dollars), a 2021 John Deere Tractor (worth 61,000 Dollars), and a 1994 Arctic Cat (worth 750 Dollars ). These assets not only enhance the property's operational efficiency but also contribute to its overall value.

3.78 acres of adjacent land are for sale under a separate listing for Five-Hundred and Fifty Thousand.

Owner holds an active Real Estate license in the State of Arizona.

Details

MLS#: 195701
Price: $4,000,000

Sq Ft: 9600
Year Built: 1977

County: Coconino
Lot Size: 615.9x236.06x185.61x565.84
Tax Fee: 5470.8199999999997