- da Vinci Realty, LLC

Office Building
2705 N. 4TH ST. FLAGSTAFF, AZ 86004
Exclusively offered by da Vinci Realty, LLC
Mark T. Belsanti, CCIM
1(928) 254-1770 cell
[email protected] email
www.davincirealty.com
(928) 779-3800 office
(928) 222-0189 fax
For Sale
$1,289,000
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors,
omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
PROPERTY
PROFILE
Property Location: Property is located on the northwest corner of 4th Street and Felice Ave. just north of Route 66 in the
center of Flagstaff.
Property Brief: 100% leased, 2-story general office building totaling 8,641 sq. ft. (5,429 sq. ft. on the first floor and 3,212 sq.
ft. on the second floor). The property is comprised of two tenants. The Department of Economic Security (DES) occupies 7,766
sq. ft. and the Department of Veterans Security (DVS) leases the remaining 875 sq. ft. on the first floor. Leases are modified
gross with tenants paying water, sewer, trash, electric, and gas expenses.
Exclusively offered by da Vinci Realty, LLC
Mark T. Belsanti, CCIM
1(928) 254-1770 cell
[email protected] email
www.davincirealty.com
(928) 779-3800 office
(928) 222-0189 fax
PROPERTY PROFILE
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors,
omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
PROPERTY INFORMATION
Address:
2705 N. 4th St. Flagstaff, AZ
86004
Zoning:
CC (Community Commercial)
Price:
$1,289,000
Parcel Number:
109-08-094B
Price per sq. ft.:
$149.17
Property Type:
Commercial Office Building
Terms:
Cash, Cash to new loan,
Submit
County:
Coconino
Cap Rate:
8.40%
Property Taxes 2013:
$14,436.30
Parking Spaces:
33 asphalt paved, striped
and curbed (including 2
handicap accessible spaces)
Construction:
Wood frame, concrete block
and slump block fascia with a
shingle roof.
Building Size:
8,641
Occupancy:
100%
Lot Size:
.41 Acres
Year Built:
1981
Exclusively offered by da Vinci Realty, LLC
Mark T. Belsanti, CCIM
1(928) 254-1770 cell
[email protected] email
www.davincirealty.com
(928) 779-3800 office
PROPERTY INFORMATION
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors,
omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
Flagstaff, AZ 86004-1846
LOCATION
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Exclusively offered by da Vinci Realty, LLC
LOCATION
Mark T. Belsanti, CCIM
1 of 1
1(928) 254-1770 cell
[email protected] email
www.davincirealty.com
(928) 779-3800 office
(928) 222-0189 fax
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors,
omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
AERIAL
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©2013 MapQuest, Inc. Use of directions and maps is subject to the MapQuest Terms of Use. We make no guarantee of the accuracy of their content, road
Exclusively
offered
da View
Vinci
Realty,
conditions or route usability.
You assume
all risk by
of use.
Terms
of Use LLC
Mark T. Belsanti, CCIM
1(928) 254-1770 cell
[email protected] email
www.davincirealty.com
(928) 779-3800 office
(928) 222-0189 fax
1 of 1
AERIAL MAP
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors,
omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
PARCEL MAP & SURVEY
4th St.
SITE
APN 109-08-094B
Felice Ave.
Exclusively offered by da Vinci Realty, LLC
Mark T. Belsanti, CCIM
1(928) 254-1770 cell
[email protected] email
www.davincirealty.com
(928) 779-3800 office
(928) 222-0189 fax
PARCEL MAP & SURVEY
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors,
omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
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Exclusively offered by da Vinci Realty, LLC
Mark T. Belsanti, CCIM
1(928) 254-1770 cell
[email protected] email
www.davincirealty.com
(928) 779-3800 office
(928) 222-0189 fax
FLOOR PLAN
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors,
omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
PROFORMA
Ziggy Building
2705 N. Fourth Street
13-May-14
Total Price:
$1,289,000
First Lien:
Second Lien:
Total Debt:
$0
Down Payment:
$1,289,000
Building Size:
Constructed in:
Land Area:
Parking:
Base Rental Income:
Other Income:
Vacancy Factor:
Operating Expenses:
Debt Service:
Annual Rental Income
$1.47 /mo. $17.61 /yr.
Other Income:
$0.00 /mo. $0.00 /yr.
Scheduled Gross Income:
$1.47 /mo. $17.61 /yr.
Less Vacancy Factor:
Effective Gross Income:
Less Operating Expenses:
$0.35 /mo. $4.20 /yr.
Net Operating Income:
$1.04 /mo. $12.54 /yr.
Less Debt Service:
0.00 debt coverage ratio
Pretax Cash Flow:
Notes:
Proforma - 2705 N. 4th St.numbers
RENT ROLL
$0
8,641
1981
17,913.00
33
$12,683.00
$0.00
5%
$3,020.77
$0.00
(
100% down )
( $149.17 / sq. ft.)
(
0.00% site coverage)
$0.00 / sq.ft. land)
square feet (
spaces
( 1 space / 262 sq. ft.)
per month, or $152,196 per year
$0 per year
per month, or
currently 100% occupied
per month, or $36,249 per year
$0 per year
per month, or
sq. ft.
Suite #
A
B
Tenant Name
DES
DVS
Totals:
Notes:
Size
7,766
875
8,641
Rent
P.S.F.
1.46
1.54
$1.47
Base
NNN
Lease
Rent
Expenses Expires
$11,338
11/30/15
$1,345
6/30/15
$12,683
$0
modified gross; tenants pay water, sewer, trash, electric, and gas
STABILIZED PROFORMA
$152,196
0
----------$152,196
0.00% of gross income
(7,610)
----------$144,586
5.00% vacancy factor
(36,249)
----------$108,337
23.82%of gross income
0
----------$108,337
0.00 K debt constant
EXPENSE BREAKDOWN
Expense Item
Property Taxes
Rental Tax
Insurance
Maintenance & Repairs
Property Management
Totals:
8.47 times gross income
8.40%capitalization
capitalization rate
8.40%pretax
pretax return on equity
Monthly
$1,203
$372
$283
$417
$745
$3,021
Annual Notes
$14,436
$4,470
$3,400
$5,000
$8,943
$36,249
Notes:
Exclusively offered by da Vinci Realty, LLC
The information contained herein has been obtained from sources deemed reliable, however, its accuracy is not guaranteed.
A purchaser should independently verify any information upon which they would base a purchase decision.
Mark T. Belsanti, CCIM
1(928) 254-1770 cell
[email protected] email
www.davincirealty.com
(928) 779-3800 office
(928) 222-0189 fax
PROFORMA
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors,
omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
COMMUNITY PROFILE
Exclusively offered by da Vinci Realty, LLC
Mark T. Belsanti, CCIM
1(928) 254-1770 cell
[email protected] email
www.davincirealty.com
(928) 779-3800 office
(928) 222-0189 fax
COMMUNITY PROFILE
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors,
omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.