Investment Opportunity

Highlights

• 9,600SF warehouse building with 100% occupancy
• 30 year lease with Wyndham Vacation Resorts
• 143 RV & boat storage with 100% occupancy and a long waitlist
• 6.08% Cap Rate
• Additional valuable assets included in sale

Description

Introducing a prime commercial property offering a strategically positioned 9,600 square foot warehouse on a sprawling 1.77-acre lot plus 143 RV & Boat spaces on 1.66 acres. This property presents a unique investment opportunity with a diversified income stream and an array of valuable assets. Owner holds an active real estate license in the state of AZ.

The building is currently home to Wyndham Vacation Resorts, occupying 62.5% of the warehouse building with a secure 30-year triple net lease, providing a stable and consistent revenue stream and Katlon Inc. who occupies the remaining 37.5% with a three-year modified gross lease, offering flexibility and potential for increased returns in the future.

The collective cap rate for both the warehouse and the storage spaces is an attractive 6.08%, 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), a 2021 John Deere tractor (worth $61,000), and a 1994 Arctic Cat (worth $750). These assets not only enhance the property's operational efficiency but also contribute to its overall value.

In summary, this commercial property offering is a well-rounded investment with a solid 6.08% cap rate, reliable long-term leases, diverse income streams, and the added bonus of valuable assets. Don't miss out on this exceptional opportunity to secure a prime piece of real estate with multiple avenues for growth and income generation.

On the east side of Flagstaff off Country Club Dr and east on Oakmont

Documents