$5,200,000
Flagstaff, AZ 86001
MLS# 6245822
Status: Closed
1 / 2
Property Description
Excellent investment opportunity. This 32,017 SF building is on 2.6 acres located on the west side of town across the street from Home Depot and near newly expanding residential areas. The building is 93% leased. Light industrial zoning allows for many quiet and clean uses. See Flagstaff Zoning Code here: https://www.codepublishing.com/AZ/Flagstaff/html/Flagstaff10/Flagstaff1040030.html#10.40.30.050
Details
Contract Info
Ownership: Fee Simple
Current Price: $5,200,000
Sold Price: $5,200,000
Status: Closed
List Date: 2021-05-26
Location, Tax & Legal
Assessor's Map #: 24
Legal Description (Abbrev): LOT 7 WOODLANDS VILLAGE UNIT 1
Assessor's Parcel #: 7
Add'l Parcels: No
Tax Municipality: Flagstaff
Census Tract: 1102
Taxes: 38417
Legal: LOT 7 WOODLANDS VILLAGE UNIT 1
Map Code/Grid: C79
House Number: 1647
Compass: S
Street Name: PLAZA
St Suffix: Way
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Zip4: 7102
County Code: Coconino
Subdivision: WOODLANDS VILLAGE UNIT 1
Assessor Number: 112-24-007
Tax Year: 2020
General Property Description
Ttl Apx SqFt Bldg: 32017
# of Buildings: 1
Uncvrd Parking Spcs: 10
Year Built: 1986
Zoning: Lt industrial
Legal Info
Range: 07E
Section: 20
Township: 21N
Lot Number: 7
Construction
Metal: 1
Roofing
Other: 1
Floors
Other: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 38417
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 526578
Building Type
Commercial: 1
Industrial: 1
Business Type
Mixed: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 6.39
Equity: 5500000
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
10.1 Feet to 12 Feet: 1
Heating
Other: 1
See Remarks: 1
Cooling
Other: 1
See Remarks: 1
Interior Features
Other (See Remarks): 1
Loading Facilities
Other (See Remarks): 1
Source of Fincl Data
Owner: 1
Fencing
None: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Paved: 1
Electric
City Electric: 1
Gas
City Gas: 1
New Financing
Cash Only: 1
Cash to Loan: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Sold Info
Loan Type: Exchange
Payment Type: Other
Clsing Cost Split: Buyer - B
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Directions: On S Plaza Way between S Woodlands Village Blvd and S Yale St
Geo Lat: 35.186373
Geo Lon: -111.66759
Status Change Info
Off Market Date: 2022-01-17
Under Contract Date: 2021-12-01
Close of Escrow Date: 2021-12-29
Sold Price: $5,200,000
Income Expenses
Gross Annual Sch Inc: 526578
Net Operating Income: 351558
Property Features
Building Type: Commercial; Industrial
Business Type: Mixed
Stories: 1 Story
Construction: Metal
Roofing: Other
Floors: Other
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Other; See Remarks
Cooling: Other; See Remarks
Loading Facilities: Other (See Remarks)
Interior Features: Other (See Remarks)
Fencing: None
Parking Features: Free; Paved
Electric: City Electric
Gas: City Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Cash to Loan; 1031 Exchange
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Owner
Environmental: None
Listing Office: da Vinci Realty, LLC
Last Updated: September - 05 - 2025
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