300 W WHITE MOUNTAIN Boulevard, Lakeside, AZ 85929
$4,215,000
Property Type: Comm/Industry Sale Square Footage: 22,249 Lot Size (sq. ft.): 37,645 Status: Closed
Current Price: $4,215,000 List Date: 9/05/2024 Last Modified: 1/29/2025
Description
6.9% CAP NOI apx $295,000, stable income investment property in Pinetop- Lakeside, AZ with diverse tenants that serve the local community featuring fully leased medical, office and retail uses. Well maintained pride of ownership asset fronting Highway 260 with 3 buildings 218-300-316 West White Mnt Blvd, APN= 212-30-014C. and 212-30-031C. Buyer shall independently investigate all utilities, service, lot boundaries and all other data to verify all information for Buyer's intended use.
More Information MLS# 6752921
Contract Info
Ownership: Fee Simple Current Price: $4,215,000 Sold Price: $4,215,000 Status: Closed List Date: 2024-09-05
Location, Tax & Legal
Assessor's Map #: 30 Legal Description (Abbrev): SECTION 25,T9N,R22E: COMM E4 COR SEC 25; TH S41*42'09 W 1158.84'; TH S41*54'07 W 145.74'; TH S39*21' Assessor's Parcel #: 31 Assessor Parcel Ltr: C Add'l Parcels: Yes Tax Municipality: Pinetop-Lakeside Census Tract: 965300 Taxes: 13294 Legal: SECTION 25,T9N,R22E: COMM E4 COR SEC 25; TH S41*42'09 W 1158.84'; TH S41*54'07 W 145.74'; TH S39*21' Marketing Name: Eagle Plaza House Number: 300 Compass: W Street Name: WHITE MOUNTAIN St Suffix: Boulevard City/Town Code: Lakeside State/Province: AZ Zip Code: 85929 Zip4: 7015 County Code: Navajo Assessor Number: 212-30-031-C Tax Year: 2023
General Property Description
Type of Property: Office/ Medical Ttl Apx SqFt Bldg: 22249 # of Buildings: 3 Uncvrd Parking Spcs: 105 Flood Zone: No Year Built: 2006 Zoning: C-1
Legal Info
Range: 22E Section: 25 Township: 09N Lot Number: 014C
Construction
Wood Frame: 1
Roofing
Composition: 1
Floors
Vinyl: 1 Ceramic Tile: 1 Carpet: 1
Income & Expenses
Annual Elec Exp: 960 Annual Ins Exp: 16800 Annual Landscape Exp: 2100 Annual Maint Exp: 2400 Owner Association: No Annual Ownr Asoc Fee: 0 Annual PAD Fee: 0 Other Income: 419014.32 Vacancy Allowance: 0.02 Adjusted Gross Inc: 410634.03
Building Type
Commercial: 1 Office: 1
Business Type
Dental: 1 Mixed: 1 Medical: 1 Professional/Office: 1 Other: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 6.9 Equity: 4285000 Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings Text: 1 Email: 1 Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1 10.1 Feet to 12 Feet: 1 12.1 Feet to 14 Feet: 1
Heating
Electric: 1 Natural Gas: 1 See Remarks: 1
Cooling
Central Air: 1 Office A/C: 1 See Remarks: 1
Interior Features
Finished: 1 Smoke Detector(s): 1 Security System: 1 Security Light(s): 1 Phone System: 1 Private Restrooms: 1 Public Restrooms: 1 Other (See Remarks): 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1 Gravel: 1
Exterior
Landscaping: 1 Curb(s) & Gutter(s): 1 Building Sign: 1 Sidewalk(s): 1 Monument Sign: 1 Security Light(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
25,001 to 35,000: 1
Fencing
None: 1
Water Source
City Franchise: 1
Freeway/Highway
Frontage: 1
Building Features
Conference Room: 1 Reception Room: 1 Kitchen: 1 Skylight(s): 1 Other (See Remarks): 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1 Parking Lot: 1 Private: 1
Electric
City Electric: 1
Gas
Unisource: 1
New Financing
Cash Only: 1 1031 Exchange: 1
Existing 1st Loan
Private: 1
Use Restrictions
Currently Leased: 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Sold Info
Loan Type: Other Payment Type: Other Clsing Cost Split: Normal - N Buyer Concession to Seller: 0 Buyer Concession $/%: % Seller Concession to Buyer: 0 Seller Concession $/%: %
Remarks Misc
Cross Street: White Mountain Blvd (Highway 260) and Yaeger LN Directions: Highway frontage off the 260 in Pinetop - Lakeside Geo Lat: 34.145349 Geo Lon: -109.957658
Status Change Info
Off Market Date: 2024-11-22 Under Contract Date: 2024-11-22 Close of Escrow Date: 2025-01-28 Sold Price: $4,215,000
Income Expenses
Gross Annual Sch Inc: 419014.32 Net Operating Income: 295500
Property Features
Building Type: Commercial; Office Business Type: Dental; Mixed; Medical; Professional/Office; Other Stories: 1 Story Construction: Wood Frame Roofing: Composition Floors: Vinyl; Ceramic Tile; Carpet Ceiling Height: 8.1 Feet to 10 Feet; 10.1 Feet to 12 Feet; 12.1 Feet to 14 Feet Heating: Natural Gas; See Remarks Cooling: Central Air; Office A/C; See Remarks Loading Facilities: None Interior Features: Finished; Smoke Detector(s); Security System; Security Light(s); Phone System; Private Restrooms; Public Restrooms; Other (See Remarks) Exterior: Landscaping; Curb(s) & Gutter(s); Building Sign; Sidewalk(s); Monument Sign; Security Light(s) Fencing: None Building Features: Conference Room; Reception Room; Kitchen; Skylight(s); Other (See Remarks) Parking Features: Free; Parking Lot; Private Electric: City Electric Gas: Unisource Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; 1031 Exchange Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Source of Fincl Data: Owner Existing 1st Loan: Private Road Surface Type: Asphalt; Gravel Traffic Count: 25,001 to 35,000 Use Restrictions: Currently Leased Environmental: Other (See Remarks)
Documents
Unbranded Flyer › Listing Office: Realty ONE Group
Last Updated: January - 29 - 2025
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