$2,000,000
Cottonwood, AZ 86326
MLS# 536351
Status: Closed
17645 sqft
1 / 38
Property Description
6.5% CAP! Excellent investment opportunity! Just east of Cottonwood Airport in the Mingus Industrial Park this 17,645 sq ft industrial building is being offered for sale with a long-term Tenant in place. The building has three 12' tall X 10' wide overhead doors, one grade level dock, one dock high dock with a hydraulic lift system, CMU construction, 5445 sq ft of the building is cold storage, fully fire sprinklered, 18' of clear height, 3-phase power, a 40KW backup generator in case there is ever interruption in the electrical grid, almost the entire parcel is paved other than a retention pond out front, 4 evaporative coolers, and 4 HVAC Units.
Details
Location, Tax & Legal
House Number: 248
Street Name: Justin
St Suffix: Drive
City/Town Code: Cottonwood
State/Province: AZ
Zip Code: 86326
County Code: Yavapai
Subdivision: Mingus Ind Pk
Assessor Number: 40651012e
Tax Year: 2023
General Property Description
Ttl Apx SqFt Bldg: 17645
Year Built: 1999
Zoning: I-2
Sold Info
Loan Type: Cash
Contract Info
Current Price: $2,000,000
Sold Price: $2,000,000
Status: Closed
List Date: 2024-06-08
Remarks Misc
Directions: from 260 and 89A West on 89A use left 2 lanes to turn onto 89A/Cottonwood. Turn left onto Justin Dr. Make a right and property is on your left.
Geo Lat: 34.73489
Geo Lon: -112.035649
Status Change Info
Off Market Date: 2024-09-10
Under Contract Date: 2024-09-01
Close of Escrow Date: 2024-09-10
Sold Price: $2,000,000
Property Features
Business Type: Warehouse
Construction: Brick
Roofing: Rolled
Floors: Concrete
Heating: Other
Cooling: Central Air
Interior Features: Fire Sprinklers; Smoke Detector(s); Phone Available
Exterior: Landscaping
Road Access Type: City Street
Road Responsibility: City Maintained Road
Electric: 3 Phase Power
Gas: Natural Gas
Water Source: City Franchise
Sewer: Sewer - Public; Other
New Financing: Cash Only; 1031 Exchange; Other (See Remarks)
Road Surface Type: Paved
Supplements
The building is Leased by Wild Tonic® an iconic beverage company known for its premium Sparkling Jun and Hard Jun varietals. With over 20 different products and recognition from Forbes, Food Network, POPSUGAR, USA TODAY 10 bests, and many others, this is an opportunity you won't want to miss. Wild Tonic® products are proudly displayed on the shelves of many grocers including Sprouts, Natural Grocers, and AJS Fine Foods. The Tenant is in the first year of its current five-year lease term. With three more five-year options to go. The Lease agreement is a solid NNN Lease with annual escalators each calendar year. With an NOI of $219,827.28 during the first year of acquiring the asset this is a solid 6.5% CAP RATE. It's hard to find a better property to satisfy your 1031 Exchange. If you're looking for your first income property or if you have a large portfolio and are looking for more mailbox money this, is it.
Listing Office: Prescott Commercial Real Estat
Office Phone: 480-309-1089
Office Email: [email protected]
Last Updated: July - 18 - 2026
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