Medical Office Building For Sale

450 S Willard St South Willard Street Cottonwood, AZ 86326

450 S Willard St South Willard Street , Cottonwood, AZ, 86326
450 S Willard St South Willard Street , Cottonwood, AZ, 86326 450 S Willard St South Willard Street , Cottonwood, AZ, 86326 450 S Willard St South Willard Street , Cottonwood, AZ, 86326 450 S Willard St South Willard Street , Cottonwood, AZ, 86326 450 S Willard St South Willard Street , Cottonwood, AZ, 86326 450 S Willard St South Willard Street , Cottonwood, AZ, 86326 450 S Willard St South Willard Street , Cottonwood, AZ, 86326
FOR SALE FOR LEASE NNN Property
Property Type:
Medical/Healthcare
Amount:
$7,750,000
Cap Rate:
7.25%
Last Verified:
Jul 30, 2024

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Jul 30, 2024 15:22:53



Highlights Building GLA: 31,165sf RBA Available: Immediate User Type: Medical Office Building Tenancy: Multi-tenant including medical practices and an Urgent Care Asking Price: $7,750,000 $248.68psf Owner Carryback available Cap Rate: 7.2% Zoning: C-2, I-2, {City of Cottonwood} Parcel Number: 406-08-028N - Significant opportunity to increase rents from current below rents - One-story medical office building - Across from Verde Valley Medical Center Hospital - Convenient, central access - Excellent highway access - Ideally situated at the intersection of 89A and S Willard St - Medical use / build-out - Nearby retail, dining, hotel, medical - Ample parking, (parking ratio of 5/1,000) - Monument and building signage - The Cottonwood area is known for its attractive quality of life and as a popular retirement destination. - Additional Notes: - Please do not disturb tenant operations. - Property tours are by appointment only.

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Map of 450 S Willard St South Willard Street , Cottonwood, AZ, 86326

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.