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March 28, 2024
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TEXAS/SOUTHWEST NEWS
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Single-Tenant Property in Prescott Valley Trades for $130/sf

1/11/18

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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