Courtesy of: Mark T Belsanti, da Vinci Realty, mark@davincirealty.com
Courtesy of: Mark T Belsanti, da Vinci Realty, mark@davincirealty.com
$2,564,640
|
Lot: 0.37 Acres
|
|
Other
|
$2,564,640
101 S Milton Road Stand alone retail building on desirable Milton Corridor in Flagstaffdirectly across from Northern Arizona University and The Jack, a 591bed student housing apartment complex. This property has over 140feet of frontage on Milton Rd. An additional 7, 000 square feet ofimprovements could be developed on the property (buyer to verify withthe City of Flagstaff). Building is 100% occupied by long-time tenants atbelow market rents. 7.5 % Cap Rate based upon projected market rentsof $36.00 per square foot NNN. Landlord has the right to ''Buy Out'' uponsale of the property per the leases which would allow for buyer to bringrents to market rates. Location, Location, Location!
Courtesy of: Mark T Belsanti, da Vinci Realty, mark@davincirealty.com
Copyright © 2024 Northern Arizona Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.