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1/11/18
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A fully occupied, single-tenant, 21.8k sf retail building in Prescott Valley, AZ, has sold for $2.83 mil, or about $130/sf.
Built in 2000 and situated on 1.14 acres, the building is located at 6669 E. 1st Street and includes 70 parking spaces. It is adjacent to a Hwy 69 on/off-ramp and is also visible from the highway through Prescott Valley.
Bret Isbell with Avison Young represented the seller, an entity of the tenant, Mattress & Furniture Gallery. The buyer, Bell 40 LLC, was repped in-house. Billie Johnson and Judy Sorensen at Lawyers Title were also involved in completing the transaction. The closing cap rate was 8.47%.
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