Stand alone retail building on desirable Milton Corridor in Flagstaff directly across from Northern Arizona University and The Jack, a 591 bed student housing apartment complex. This property has over 140 feet of frontage on Milton Rd. An additional 7,000 square feet of improvements could be developed on the property (buyer to verify with the City of Flagstaff). Building is 100% occupied by long-time tenants. 4.86 % Cap Rate based upon projected market rents of $2.50 per square foot NNN. Landlord has the right to ''Buy Out'' upon sale of the property per the leases. Location, Location, Location! 3 parcels-100-37-003B, 100-37-004A, & 100-37-005
Date | Details | Change |
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Price Reduced from $3,300,000 to $2,564,640 |
Da Vinci Realty, LLC.
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Listing information last updated on December 22nd, 2024 at 11:30am MST.