Available For Sale - Retail

5,343 SF | Show Pricing $

LISTED BY

Mark T. Belsanti CCIM
da Vinci Realty,

AVAILABILITY DETAILS

Size
5,343 SF
Price/SF
Show Pricing $
Listing ID
SA546712
Notes
PRICED TO SELL!!! Stand alone retail building on desirable Milton Corridor in Flagstaff directly across from Northern Arizona University and The Jack, a 591 bed student housing apartment complex. This property has over 140 feet of frontage on Milton Rd. An additional 7,000 square feet of improvements could be developed on the property (buyer to verify with the City of Flagstaff). Building is 100% occupied by long-time tenants at below market rates. 7.50 % Cap Rate based upon projected market rents of $36.00 per square foot NNN. Landlord has the right to "Buy Out" upon sale of the property per the leases which will allow for the rents to be at market price. Location, Location, Location!
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Mark T. Belsanti CCIM, da Vinci Realty